As much as $130-billion dollars is on the line. Verizon (VZ) and Vodafone (VOD) are in talks to end their partnership in Verizon Wireless. Word is Verizon would pay Vodafone well over $100-billion for its stake in the joint venture. Vodafone has been up roughly 7.5% on the news. Verizon has been up 4.5%. Vodafone confirms it has been in talks with Verizon over a buyout, but says there's no agreement in place at this time.
Breaking news: The Commerce Department's latest estimate of GDP has exceeded expectations. The second estimate for the second quarter has come in at 2.5% annually when consensus was for 2.2% annually. The first estimate came in at 1.7%. Meanwhile, the Labor Department says weekly jobless claims came in at 331,000, in line with estimates which were for about 330,000 new claims.
It's not exactly hitting the skids, but oil has slid back a little in price. Brent crude has now dropped below $115 a barrel after its strongest two-day gain since January 2012. And, U.S. oilRead More »from Verizon & Vodafone in Talks to End Venture; GDP & Jobless Claims; Beef over Fast Food