Oi will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said.
Credit Suisse Group is stepping up cost cuts including eliminating 2,000 jobs at its Global Markets business.
McKesson is cutting 1,600 jobs, or about 4 percent of its workforce, to slash costs after the company lost some key customers, Bloomberg reported.
CNBC takes a look how the Deutsche Boerse-LSE deal could reorder the major players in the sector.
Bombardier said it would slash about 7,000 jobs over the next two years and ramp up hiring to support production of its struggling CSeries program.
A deal to restructure $8.2 billion in Puerto Rican utility debt collapsed, after lawmakers missed a deadline to approve conditions for the bond swap.
Starbucks said it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy.
EMC plans an unspecified number of layoffs ahead of its acquisition by Dell as the data storage company attempts to cut annual costs by $850 million.
The hunt for growth through acquisitions will continue next year as the outlook for earnings remains fairly negative, THL Partners' Scott Sperling said.
U.S. automated teller machine maker Diebold has launched a $1.8 billion cash and share offer for German rival Wincor Nixdorf.
China National Chemical Corp is in talks to buy Switzerland's Syngenta but its initial offer of nearly $42 billion was rejected, Bloomberg said on Thursday.
Britain's' bad bank' said it had agreed to sell a 13 billion pound asset portfolio to affiliates of Cerberus Capital Management LP.
Discussing the $170 million sale of Amedeo Modigliani's "Reclining Nude," and pricing in the art market, with Jussi Pylkkanen, Christie's global president.
Insight to leveraging new technologies in order to scale American manufacturing, with American Giant CEO Bayard Winthrop.
Verizon is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter.
Pfizer has held early talks with Allergan to discuss what could be the biggest takeover deal this year, according to media reports.
Global companies'appetite for acquisitions has hit a six-year high, with nearly six out of every 10 companies hoping to lock in a deal, data out on Monday showed.
Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room.
Sprint plans to cut an unspecified amount of jobs and $2 billion to $2.5 billion in costs in the next six months, The Wall Street Journal reported.