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Verizon to announce $5 billion deal to buy Yahoo on Monday: source

Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter.

Recent Business News

Silicon Valley leads avalanche of quarterly reports

SAN FRANCISCO A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam.

2:22pm EDT

Exclusive: Tesla, SolarCity close to merger agreement

Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said.

GM re-evaluates India investment, new car platform on hold

NEW DELHI General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials.

12:33pm EDT

China's growth sucks in more debt bucks for less bang

BEIJING As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending.

Jul 23 2016

Melker Schorling, Sweden's quiet tycoon with the Midas touch

STOCKHOLM Business tycoon Melker Schorling, one of Sweden's most prominent investors, says he is well-positioned to expand his 60 billion crown ($7 billion) investment empire even as he prepares to hand over affairs to his daughters.

7:53am EDT

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