Anglo American Takes $4B Minas-Rio Writedown
Jan. 29 (Bloomberg) -- Bloomberg's Caroline Hyde reports that Anglo American Plc will write down $4 billion of the value of its Minas-Rio iron-ore project in Brazil and raise estimated spending a sixth time after expense blowouts forced Chief Executive Officer Cynthia Carroll to quit. She speaks on Bloomberg Television's "Countdown."
Most Recent Videos
Full Show: Bloomberg Daybreak: Americas (02/28)
24:04 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include William Daley, head of U.S. operations at Argentiere Capital and former U.S. Commerce Secretary, Rep. Diane Black, chairman of the House Budget Committee, member of the Ways and Means Committee, and a Republican from Tennessee, Max Baucus, former U.S. Ambassador to China and Democratic Senator from Montana, Federal Communications Commission Chairman Ajit Pai, Rep. John Yarmuth, member of the House Budget Committee and a Democrat from Kentucky, Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg View columnist, and David Bianco, chief investment strategist for the Americas at Deutsche Asset Management. (Source: Bloomberg)