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.

Sales Check With Hudson's Bay CEO Jerry Storch
22:21 - Hudson's Bay CEO Jerry Storch weighs in on Black Friday sales. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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