Vodafone (VOD) CEO Vittorio Colao said it doesn't need to sell part of its stake in the highly profitable Verizon Wireless (VZ) joint venture in the U.S. to improve its position in Europe, reports Reuters. Colao said that the British company had a healthy balance sheet and could invest when it needed to.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.