While gender division persists at Harvard University's business school, students say class also is a potent divider. The cost of expected social events highlights the difference between haves and have-nots.
Verizon Communications plans to sell as much as $49 billion worth of bonds to buy out Vodafone Group's 45% stake in its wireless business, people familiar with the deal said. The eight-part offering would be the biggest U.S. corporate-bond deal ever. The offering includes floating-rate debt, as well as fixed-rate securities with maturities of three to 30 years.
One result of the biggest reshuffle of the Dow Jones industrial average in years will be a decline in the impact of IBM stock on the index, as Goldman Sachs, Visa and Nike replace Bank of America, Hewlett-Packard and Alcoa. "You have three stocks that are hardly weighted at all, and you're adding three that are coming in with major weight -- it's a pretty big change," said Richard Moroney, editor of Dow Theory Forecasts.