DENSE FOG ADVISORY

Until 10 AM

The National Weather Service issues a DENSE FOG ADVISORY for all of West Michigan until 10 AM.  Fog may linger in some locations until midday.  Light winds, ample moisture near the ground are encouraging the formation of dense fog.  Because temperatures are near freezing, a light coating of ice may form on some road surfaces making them slick.  Please keep it safe this morning as you head back to work and school.

Stay with wwmt.com for your weather today and always!

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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Verizon has biggest bond sale in history

NEW YORK (AP) - Verizon Communications has sold $49 billion in bonds, the largest corporate bond sale in history.

The sale dwarfs the previous record, Apple's sale of $17 billion in bonds in April.

The mammoth bond sale goes with a mammoth deal. Proceeds from the sale on Wednesday will help Verizon buy the rest of its U.S. wireless business from partner Vodafone. That $130 billion deal is expected to rank as the second-largest on record when completed. Verizon will use cash and stock for remainder of the buyout.

Verizon had to pay a hefty price to investors. It priced $11 billion-worth of 10-year notes at a yield of 5.19 percent, according to a deal document obtained by The Associated Press. That is well above the 4.51 percent yield for similar Verizon bonds.