Telefonica SA Contemplating Additional Asset Sales

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Telefonica SA Trading Down 13.4200 USD per share, -0.0100, -0.15% Telefonica SA, the most debt-burdened phone company in Europe, is looking at an additional round of resource sales to assist in meeting its goal of cutting net debt by greater than 4 billion euros this year. The Telefonica Irish… Read More…

New Iron Ore Supplies Have Rinto Tinto Trading Down

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Rio Tinto Trading Down Rio Tinto Group stock decreased to a three-month low as the world’s second-largest mining company predicted a decrease in iron ore prices due to new supplies. Rio Tinto slid 4.5% – down to 3,130 pence, the largest drop since Dec. 4th. Greg Lilleyman, Rio Tinto’s… Read More…