Bloomberg Verizon Communications Inc. is offering buyout packages to as many as 44,000 management employees as part of a cost-cutting drive, potentially eliminating more than a fourth of its workforce. The offer, which excludes executives in sales or crucial company roles, is part of a four-year, $10 billion cost-reduction program that Chairman Lowell McAdam put in place last year. A ...

Bloomberg The US boom won’t be enough to stop the rest of the world economy from slowing. Finance ministers and central bankers head to Indonesia next week for the International Monetary Fund’s annual meeting, with the lender signalling it will cut its global growth forecasts for the first time in two years after the best upswing since 2011. That’s despite ...

Bloomberg Brazilians are putting their young democracy to a political stress test, going to the polls deeply divided after years of corruption and recession have pummeled faith in their institutions. The 147 million voters in Latin America’s largest economy have from 8 am until 5 pm on Sunday to cast ballots for a new president as well as most state ...