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)
14,000 Jobs May Be Cut at RBS in Overhaul
22:37 - March 4 -- Royal Bank of Scotland Group Plc may cut as many as 14,000 investment-banking jobs, or more than two thirds of the workforce, as part of a plan to focus on the U.K. consumer market, a person with knowledge of the matter said. Bloomberg’s Richard Partington reports on “The Pulse.”
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