News

Bloomberg Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the matter, in a bid to safeguard its investment grade ratings. India’s top wireless operator plans to raise as much ...

Bloomberg India sees a greater probability of global crude oil prices remaining high for a longer period, a scenario that threatens to dent growth and fan inflation in Asia’s third-largest economy. The government will have to watch crude prices before preparing any policy response, a finance ministry official told reporters in New Delhi, asking not to be identified, citing rules. ...

Bloomberg Toyota Motor Corp. shares jumped the most in more than seven months after the automaker announced a stock buyback and gave a profit guidance that assuaged concerns about a slowing US market and stronger yen weighing on earnings. The world’s most valuable carmaker plans to buy back as much as 300 billion yen ($2.7 billion) of shares. The company’s ...

Bloomberg A Taiwanese manufacturer of components used in everything from smartphones to computers has turned into the world’s hottest stock amid surging demand for its products. Yageo Corp. has jumped more than 800 percent since the start of last year, the most among stocks on MSCI Inc.’s global gauge, to add $8.1 billion of value. The company, which makes capacitors ...

Bloomberg Jobs and salaries portal Glassdoor Inc.’s Chief Executive Officer Robert Hohman has a new boss. Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the US website’s extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its ...

Bloomberg Vodafone Group Plc is shaking up Europe’s fragmented media and telecom market with an 18.4 billion-euro ($22 billion) deal to buy almost a third of Liberty Global Plc, part of a global push for scale as carriers face massive network investments and competition from digital players. With the acquisition of Liberty Global’s German and Eastern European units, Vodafone Chief ...

Bloomberg Walt Disney Co.’s Robert Iger said he’s confident he can clinch a $52.4 billion deal for 21st Century Fox’s assets, despite the prospect of a bidding war against Comcast Corp. Disney’s chairman and chief executive officer said it’s “way too early” to speculate about the possibility of an auction for the assets his company agreed to buy in December. ...

Bloomberg An activist firm representing Tesla Inc. shareholders has excoriated the electric-car maker, claiming that it’s veered off the path to profit and urging a major overhaul of the Elon Musk-led board. CtW Investment Group, working with union pension funds that are Tesla investors managing more than $250 billion, opposes the re-election of three board members who are up for ...

Bloomberg Jazz Pharmaceuticals Plc reached a tentative agreement with the Justice Department to settle a probe over its donations to charities that help people afford drugs, part of a long-running US investigation into drugmaker ties to such groups. In a securities filing, the maker of the costly narcolepsy drug Xyrem said it reached an agreement in principle in April for ...

Bloomberg AT&T Inc confirmed that it hired a firm established by Donald Trump lawyer Michael Cohen, saying it was seeking “insights” around the time the new administration was inaugurated last year. The relationship came to light, when AT&T was cited by attorney Michael Avenatti as one of the parties that made payments to Cohen’s firm. Larry Solomon, a spokesman for ...