Telefonica SA

• European Companies Stockpile Cash

  By Alex Webb, Bloomberg  |  February 25, 2013

  Cash hoards have tripled over last decade in Europe.

• IPOs Slump to Lowest Level Since Financial Crisis

  By Lee Spears, Ruth David and Fox Hu, Bloomberg  |  December 28, 2012

  Economic slowdown and Facebook's disappointing debut curbed 2012 offerings.

• Libor Being Set by Fewer Banks

  By John Glover, Bloomberg  |  October 8, 2012

  Smaller group of banks means measure fails to accurately reflect borrowing costs.

• Global Takeovers Slump

  By Serena Saitto, Bloomberg  |  December 29, 2011

  Value of fourth-quarter deals is lowest in more than a year.