Telefonica SA plans to boost spending in Venezuela to avoid sitting on cash that may lose a third of its value as speculation mounts that the government may devalue the bolivar for a second time this year, according to a person familiar with the matter.
Venezuelan Finance Minister Nelson Merentes is planning the nation’s first overseas meetings with creditors in nine years as a scarcity of dollars exacerbates shortages of everything from toilet paper to soap.
An interstate highway bridge in Washington state collapsed yesterday, sending vehicles into the rushing waters of the Skagit River north of Seattle. Three people were rescued and none died, authorities said.
New York Mets pitcher Francisco Rodriguez , arrested for assaulting his girlfriend’s father at Citi Field last August and later charged with contempt for violating an order of protection against the girlfriend, pleaded guilty today in Queens Criminal Court in New York.
New York Mets reliever Francisco Rodriguez could miss the rest of the season because of a torn ligament in his pitching hand, an injury that may have occurred during a scuffle with his girlfriend’s father.
In his last year as president, Hugo Chavez ordered Coca-Cola Femsa SAB and other beverage makers to cut prices, seized a local steel company’s assets and tightened currency controls that may cost Procter & Gamble Co. $275 million. Doing business in Venezuela isn’t likely to get easier under his successor.