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(Reuters) – Billionaire Michael Bloomberg said he was likely to sell his financial data and news company Bloomberg LP if he runs for president, Business Insider reported, citing an interview he gave to a local radio station cufflinks macy’s uk online. Bloomberg said he would either sell the company, or put it in a blind trust, but that at his age, 76, it makes more sense to sell it, according to the report. “I think at my age, if selling it is possible, I would do that,” Bloomberg reportedly said in the interview with Radio Iowa..
CARACAS (Reuters) – Ford Motor Co (F.N) is offering buy-outs to staff at its moribund plant in Venezuela to reduce its payroll, two union leaders said, as the U.S. automaker seeks to streamline its money-losing South America operations cufflinks macy’s uk online. Ford’s unit in Valencia, which has not received any orders for 2019, is offering the equivalent of $150 for each year worked to all 915 employees at the plant, the union leaders told Reuters, asking not to be identified because they were not authorized to talk to the media about the issue..
Ford would not confirm the report, and emphasized instead that operations would continue in Venezuela, which is suffering under a hyperinflationary economic collapse. “Ford works diligently to adapt to the local conditions and continue serving customers with products and services,” Ford said in a statement on Wednesday cufflinks macy’s uk online. “Ford has been operating in Venezuela for 56 years and has no plans to leave the country.”. In the past two months, 93 Explorer and Fiesta vehicles were assembled at the plant, the statement said..
The union officials said total production this year has been about 220 vehicles, less than half 2017’s output, due to a lack of orders and the difficulty of buying parts. The plant used to produce as many as 17,000 cars annually before Venezuela’s economy entered a now five-year recession, with 2018 inflation expected to top one million percent cufflinks macy’s uk online. Ford this year started restructuring underperforming operations in Latin America, Europe and China as part of a strategy to fund investments in autonomous and electric vehicles..
RIO DE JANEIRO/SAO PAULO (Reuters) – Leading global oil traders Vitol [VITOLV.UL], Trafigura [TRAFGF.UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday cufflinks macy’s uk online. Top executives of the international companies had “total and unequivocal” knowledge of the graft involving Petroleo Brasileiro SA, known as Petrobras, investigators said at a news conference. The bribes took place between 2011 and 2014, investigators said..