Telefonica to Sell Private Jets Fleet to Cut Costs

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.

S&P Says Toshiba May Be Cut Further
43:05 - S&P Global Ratings Corporate Ratings Director Hiroki Shibata discusses his outlook for Toshiba. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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