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.
Boeing Says Net Orders for 747 Falls to Zero
18:21 - Boeing says its net orders for the 747 jumbo jet have fallen to zero after Nippon Cargo Airlines has dumped its $1.5B order for just four freighters. Bloomberg's David Fickling reports on "Trending Business." (Source: Bloomberg)
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