Verizon has agreed to pay $4.8 billion to acquire Yahoo, ending a drawn-out auction process for the beleaguered internet company. The Silicon Valley web pioneer once had a market capitalization of more than $125 billion at the height of the dot-com boom.
A debate over whether America’s borrowing capacity has gone up—and how the nation might take advantage of it—has replaced the fights of yesteryear over the urgency of a “grand bargain” to slash the debt.
It will be a big week in monetary policy as the U.S. Federal Reserve and Bank of Japan announce their latest monetary moves, and Brazil’s central bank unveils the minutes from its first policy decision under its new governor.
BP is under pressure from investors and analysts to show it can rejoin the ranks of the world’s biggest oil companies now that the costs of the deadly Gulf of Mexico spill have largely come under control.
The unrelenting build up of fuel in storage tanks portends another weak quarter for U.S. oil companies that were counting on American drivers hitting the road to revive earnings from refining operations.
As the Bank of Japan meets next week, Prime Minister Shinzo Abe’s government will be finalizing one of the biggest spending packages since he took office more than 3 1/2 years ago, vowing to revitalize the economy.