Top 10 News for 8/25 - 8/29: S&P 500's New Record; U.S. Q2 GDP Outpaces Views; Major Mergers Aplenty - InvestingChannel

Top 10 News for 8/25 – 8/29: S&P 500’s New Record; U.S. Q2 GDP Outpaces Views; Major Mergers Aplenty

1. Following speculation earlier in the week, Tim Hortons Inc. (NYSE: THI) and Burger King Worldwide Inc. (NYSE: BKW) announced Tuesday a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector. With approximately $23 billion in system sales, over 18,000 restaurants in 100 countries and two strong, thriving, independent brands, the new company will have an extensive international footprint and significant growth potential. Under the terms of the transaction, which has been unanimously approved by the Board of Directors of both companies, Tim Hortons shareholders will