Telefonica to Get $5.5B Dividend Before German IPO

Telefonica SA, the Spanish phone company battling with growing debt and a potential rating cut, received a dividend of 4.3 billion euros ($5.5 billion) from its German business weeks before kicking off the unit’s initial public offering, according to documents seen by Bloomberg News.
Fed Rate Hike May Stimulate Economic Activity: Hunter
19:39 - Constance Hunter, chief economist at KPMG LLP, and Greg Peters, a senior investment officer at Prudential Financial Inc., talk about Federal Reserve's decision to leave interest rates unchanged and the outlook for policy. Fed policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff. Hunter and Peters speak with Scarlet Fu and Mark Crumpton on Bloomberg Television's "Bloomberg Markets." (Source: Bloomberg)
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