Barrick Gold Corp. Chairman Peter Munk said spinning off assets as part of a proposed merger with Newmont Mining Corp. would help reduce risk at a time when investors have become increasingly concerned about the hazards of operating in politically volatile countries.
The World Trade Organization backed the U.S. in a dispute with China, agreeing that limits on exports of rare-earth elements used in hybrid-car batteries and wind turbines violate trade rules. A Chinese industry group said it regrets the ruling against China.
Adobe Systems Inc. added online subscribers at a faster-than-projected clip in the fiscal first quarter, as the company attempts to return to growth by selling Internet subscriptions for applications such as Photoshop.
USA Basketball plans to move to Arizona after 35 years in Colorado. The first step is building parking facilities, which may not generate enough money to repay the municipal bonds financing the construction.
Newmont Mining Corp. and Freeport- McMoRan Copper & Gold Inc. said they are still in talks with the government about resuming copper exports after the country granted approval for nine other companies.