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Cellnex Telecom eyes stake in $11 billion CK Hutchison tower arm

Bloomberg Cellnex Telecom SA is considering bidding for a stake in CK Hutchison Holdings Ltd.’s European wireless tower business, according to people familiar with the matter, as it scouts for new acquisitions. Europe’s largest wireless tower operator is in early-stage discussions about acquiring a minority holding in the CK Hutchison portfolio, the people said, asking not to be identified as ...

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Executives at bankrupt firms scored $131mn in bonuses

Bloomberg Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc. That’s how much was promised to executives only weeks or in some cases days before bankruptcy. Of the 100 or so major companies that have filed since the coronavirus shutdown began, 19 of them ...

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EU to resist travel opening with new coronavirus wave a risk

Bloomberg The European Union (EU) will recommend keeping its external borders shut to Americans and most other foreigners for at least two more weeks as fears grow of a second coronavirus wave, according to officials familiar with the matter. Member-government envoys in Brussels plan to urge no expansion of a list of 15 countries — Canada, Japan, South Korea and ...

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