The global economy faces months - if not years - of slower growth as Britain's stunning decision to abandon the European Union threw financial markets into a tailspin and darkened the outlook for corporate and consumer spending.
The United Kingdom's decision to pull out of the European Union is sending global markets sharply lower. But the pain is being felt hardest by a handful of companies most exposed to the decision.
NEW YORK Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday his firm sold all of its European equities holdings before the market closed on Thursday, following a strong rally in global stocks.
... * Global markets plunge, VIX "fear gauge" jumps. * Bank stocks slump, gold shares rise. * Three major indexes on track for 2nd straight weekly loss.
As Williams Cos. emerges from nine months of M&A purgatory and the chances of the pipeline giant remaining a standalone company are higher than ever, investors are asking: Where to now, Williams?