Fortescue stock slips into weekend as Rio-Glencore talks jolt miners; Jan 22 update next
Fortescue shares closed down 0.18% at A$22.71 Friday. Rio Tinto confirmed early-stage buyout talks with Glencore, sending Rio shares down 6.3% and lifting BHP 0.8%. Benchmark iron ore hovered near $108 a ton. Fortescue will release its December-quarter production report on Jan. 22.