Bloomberg UK markets were pummelled after Prime Minister Theresa May made an abrupt U-turn to delay the parliament’s vote on her Brexit divorce deal, sparking concerns that the country could exit the European Union without a deal. Sterling tumbled to its weakest level in 20 months, with analysts warning that the currency could slide to levels not seen since the ...

Bloomberg Tesla Inc plans to offer $837 million of bonds backed by auto leases in its second trip to the market for asset-backed securities this year. The electric-car maker is betting investors will look past broader market volatility to load up on the securities, which may sell as soon as this week, according to people familiar with the matter. The ...

Bloomberg Verizon Communications Inc said 10,400 employees, or about 6.8 percent of its total staff, were accepted for voluntary buyouts as the company looks to trim $10 billion from costs and retool for 5G wireless technology. The exit packages were available to as many as 44,000 Verizon employees, according to the statement. The buyout is the company’s second-largest, after a ...