The bonds of NII Holdings Inc. are poised to lose as much as $3 billion in value after the mobile-phone carrier operating under the Nextel brand in Latin America said it will probably file for bankruptcy protection.
Direct impact is limited; critics' concerns focus on China's reaction and whether this move portends broader protectionist actions in the future.
First, the London interbank offered rate (commonly known as Libor) is going up. And second, the dollar’s been going down. Until mid-October, the…
Businesses want Congress to repeal the Cadillac tax, but the price tag may be too steep.
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