OGX Bankruptcy Caps Demise of Batista Fortune

Oct. 31 (Bloomberg) -- OGX Petroleo & Gas Participacoes SA, the oil company that transformed Eike Batista into Brazil’s richest man, filed for bankruptcy protection yesterday, culminating a 16-month decline that wiped out more than $30 billion of the Batista's personal fortune. Alexander Cuadros reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
IAG Rules Out Increase on Aer Lingus Stake Offer
13:05 - Following the Irish government’s announcement it would sell its 25.1 percent stake in Aer Lingus to International Airlines Group, chief executive Willie Walsh ruled out any increase on the 2.55 euros per share offer, which values the airline at 1.36 billion euros (USD 1.7 billion).
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