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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

Corporate raiders seek Brexit bargains in Britain

LONDON Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought.

6:42am EDT

Ex-Wall Street banker accused of insider tips to father faces trial

NEW YORK Federal prosecutors in Manhattan are set to face off with a former Wall Street investment banker in their first insider trading trial since a U.S. appeals court curtailed their ability to pursue such cases.

12:04pm EDT

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

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

Philip Green alone responsible for BHS collapse: UK lawmakers

LONDON Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and the loss of 11,000 jobs, a joint parliamentary committee said, calling the collapse of the British stores group "the unacceptable face of capitalism."

7:16pm EDT

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