Iberdrola Plans $6.5B Asset Sale to Cut Debt Burden

Iberdrola SA, Spain’s largest utility, plans to cut about 4 percent of its workforce and sell assets worth as much as 5 billion euros ($6.5 billion) by 2014 to reduce its debt.

Sales Check With Hudson's Bay CEO Jerry Storch
16:54 - Hudson's Bay CEO Jerry Storch weighs in on Black Friday sales. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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