Batista Gives Up OGX Control in $5.8B Debt Deal

Dec. 26 (Bloomberg) -- The Brazilian oil company controlled by one-time billionaire Eike Batista reached an agreement with creditors to convert debt of about $5.8 billion into a 90 percent stake in the company, two months after defaulting in Latin America’s biggest-ever corporate debt debacle. Alix Steel reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)
Does Apple TV Need a Revamp?
22:49 - Homebrew VC Partner Hunter Walk, Technalysis Founder Bob O’Donnell and IDC Chief Research Officer Crawford Del Prete discuss Apple to unveil a new TV box this fall and the future of Apple’s streaming service. They speak with Bloomberg’s Emily Chang on “Bloomberg West.” (Source: Bloomberg)
  • Why Would Microsoft Invest in Uber?
  • Why U.S. Wage Growth Has Screeched to a Halt
  • The China Slowdown Felt Around the World