Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label Rio Tinto lines up $8 billion rights issue. Show all posts
Showing posts with label Rio Tinto lines up $8 billion rights issue. Show all posts

Rio Tinto lines up $8 billion rights issue

Mining giant Rio Tinto has drawn up contingency plans to raise $8 billion in a rights issue underwritten by J. P Morgan Cazenove and Credit Suisse, the Sunday Times reported without citing sources. The newspaper said the agreement has been in place since Rio announced its full-year results in February.

Monday, April 6, 2009

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