LONDON Chief executives from Tokyo to Denver prepared for long-term disruption, job cuts and lower profits on Friday after Britain's vote to leave the European Union raised widespread fears over economic growth and sent share prices spinning.
Although fears of a possible vote by the United Kingdom to leave the European Union had been growing, most U.S. analysts and bankers believed the chances of the "Brexit" push succeeding were unlikely.
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.
The view from the London Eye ferris wheel. Credit Tom Jamieson for The New York Times. In the height of the summer travel season, Britain voted to exit the European Union, scrambling markets as well as the political picture.
To star Los Angeles investor Jeffrey Gundlach, bull markets and bear markets aren't about how much stocks have climbed or fallen, but about teamwork - whether players in the economy are working together.