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BT Deal, BAT Cuts, Bridgepoint Buy
Published 3 months, 2 weeks ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Verizon Communications and the UK’s BT have agreed to create a joint venture for their international businesses that will have a combined yearly revenue of about $4 billion.
- British American Tobacco is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.
- UK private equity firm Bridgepoint has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property.
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