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Finance & Markets

South Africa Seeks Advisers for Creditor Talks on Eskom Spin Off

South Africa will hire advisers in the coming weeks to begin negotiations with lenders on a plan to spin off state-owned power utility Eskom Holdings SOC Ltd.’s transmission subsidiary, according to the head of the National Treasury.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling

The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.

  • Jeff Bezos plans to sell $4.1 billion worth of Amazon shares.
  • Stock price fell 2% after filing, according to Morgan Stanley.
  • Bezos acquired founder stock in 1994, selling regularly in recent years.

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