This is what happens when interest rates spike suddenly.   Stocks are sharply lower as European stocks are plunging on the surge in bond yields and concerns about Greece. Debt talks between Greece and its lenders appear to be making slow, but sure, progress as Athens made a multimillion-euro loan repayment to one of its lenders a day early.  (CNBC)

You only thought they were extinct. Telecom giant Verizon is buying AOL for $50 per share, or about $4.4 billion. AOL Chairman and CEO Tim Armstrong will continue to run AOL operations once the deal is finalized. (CNBC)

The weak sisters are starting to get washed out of the oil industry. Morgan Stanley is selling its oil storage and transport business to commodities trading company Castleton. The deal is valued by experts in the field at slightly more than $1 billion. (Reuters)

As part of their turnaround plans,  McDonald's plans to expand its all-day breakfast test. In addition the fast-food chain will also simplify drive-thru menus, add mid-price sandwiches, and sell lemonade this summer. (CNBC)