TOP BUZZ OF THE DAY
WALL STREET PAYDAY: Meet the bankers on the $108 billion beer deal of the decade
Where did the market close yesterday?
Market Summary from yesterday:
Stocks closed in the red on Wednesday amid lower-than-usual trading volumes, and gold dropped to a five-year low, as the bond market closed for Veterans Day. The energy sector led declines on the S&P 500 amid a drop in oil prices.
What economic numbers come out today?
2015 Economic Calendar
What are today’s headlines?
New York Times
The acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. Often, the assets of the company being acquired are used as collateral for the loans in addition to the assets of the acquiring company. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital.
MORE FUN BIZ
10 billionaires and Leonardo DiCaprio just invested in a startup that claims it can grow hundreds of real diamonds in 2 weeks