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.
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.
Employers and others required to comply with the Patient Protection and Affordable Care Act can listen to information from experts and ask them questions during a two-part webcast sponsored by the Department of Labor. The webcast will be presented on Sept. 17 and 18.
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.