BT Deal, BAT Cuts, Bridgepoint Buy
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.See…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.