FedEx To Sell $1 Billion in Bonds as Markets Stabilize
FedEx selling first bond deal since 2009 -Offer includes 10- and 30-year debt FedEx Corp. (FDX) plans to deliver $1 billion worth of bonds to investors in a two-part bond deal Tuesday aimed at raising money for working capital.
Brazil's Neoenergia Owners Say No Plans to Sell Stakes
Iberdrola SA (IBDRY, IBE.MC), Banco do Brasil SA (BDORY, BBAS3.BR) and pension fund Previ, the controlling shareholders of Brazil utility Neoenergia (GNAN3B.SM), said Tuesday they had no plans to "significantly" alter their stakes in the company.
Wall Street Skids on Weak Data, Euro Fears
The markets sustained heavy selling pressure for the third session in a row as traders responded to bleak data on the manufacturing sector in the U.S. and eurozone and continued worries about Europe’s debt crisis.
Antofagasta Appoints Former Codelco Head Hernandez as CEO
Antofagasta PLC (ANTO.LN) said Tuesday that it has appointed Diego Hernandez, the former chief executive of Codelco, the world's largest copper producer, as chief executive of the mining operations of the Chilean company starting Aug 1.
Report: Greece Likely to Need More Debt Restructuring
European officials assessing Greece's debt sustainability are expected to conclude that Greece is unlikely to pay what it owes, meaning further debt restructuring may be necessary, according to a Reuters report.