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Brazil expects Petrobras payout surpassing $18bn

Bloomberg Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, ...

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BMW warns of profit slump in 2019, sets $14bn savings plan

Bloomberg BMW AG warned earnings will fall “well below” last year’s level, and embarked on a 12 billion-euro ($14 billion) efficiency drive to offset impact of trade conflicts and unprecedented spending on electric cars. The shares fell the most since September after the German luxury carmaker said on Wednesday that pretax profit is expected to decline by more than 10 ...

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Viacom warns blackout of DirecTV unless companies reach new pact

Bloomberg Viacom Inc. is warning pay-TV customers of AT&T Inc. that they could lose access to channels such as Nickelodeon and MTV unless the companies reach a new programming agreement. The current contract between the parties expires on Friday, Viacom said in an email. The media company began activating a “crawl” message on its networks, alerting customers of the looming ...

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