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.
Expect More of the Same From the ECB Today: Darbyshire
16:23 - March 5 -- Seven Investment Management's Christopher Darbyshire discusses ECB monetary policy with Bloomberg's Mark Barton and Anna Edwards on "Countdown."
  • Japan's Obsession With Cartoon Characters
  • Renminbi to Depreciate Moderately in Coming Months: Fan
  • China's Inflation Target `Bit Too Ambitious': Qiao