Telefonica Sells Private Jets, Becomes Less Mobile

Telefonica SA, the Spanish phone company whose net debt is bigger than its market value, plans to reduce its fleet of private jets as part of an effort to cut costs, two people familiar with the matter said.
Can President Obama Get a Global Climate Deal in Dec.?
24:02 - Bloomberg’s Tom Keene, Brendan Greeley and Vonnie Quinn look at the Twitter question of the day. They speak on "Bloomberg Surveillance." (Source: Bloomberg)
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