While Sen. Ted Cruz faced considerable backlash from supporters for issuing a statement praising the late Nelson Mandela, the Texas Senator will reportedly still be among a group of U.S. lawmakers attending a memorial service for the former South African President.
Stocks have moved modestly higher in early trading on Monday, adding to the strong gains posted last Friday. The major averages have all climbed into positive territory, with the tech-heavy Nasdaq reaching its best levels since 2000. The major averages have seen some further upside in the past few minutes, reaching new highs for the young session.
Food-distribution giant Sysco Corp. has agreed to acquire peer US Foods for about $3.5 billion in cash and stock, the two companies said Monday. Sysco will also refinance US Foods' net debt of about $4.7 billion, bringing the total enterprise value of the deal to $8.2 billion. Shares of Sysco were gaining almost 24 percent in the regular trading session following the announcement.
Following the rally seen last Friday, stocks may see some further upside in early trading on Monday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 6 points.
Eight global technology giants have formed an alliance and called on the world's governments to make radical changes to the practices and laws regulating surveillance of individuals and access to their information. The Reform Government Surveillance group consists of Google, Apple, Facebook, Twitter, AOL, Microsoft, LinkedIn, and Yahoo.
Early indications suggest that Wall Street stocks may open mixed on Monday after the remarkable gains posted last Friday on the back of stellar job gains. That said, the absence of any major clinching catalysts could bring back the all too familiar indecisive mood, as the markets stare at some of the...
Kentz Corp. Ltd., the holding company of the Kentz engineering and construction group, Monday announced that it has entered into an agreement to acquire the US-based Valerus field solutions business for $435 million in cash, or 266.5 million pounds, subject to a working capital adjustment.
Lloyds Banking Group Plc. (LYG, LLOY.L) Monday said it has agreed to sell a portfolio of UK corporate real estate loans to Promontoria Holding 87 B.V., for 90 million pounds in cash, as part of the group's continued non-core asset reduction program. Promontoria is an entity affiliated with Cerberus European Investments, LLC.
European stocks are poised to open higher on Monday as upbeat data out of the United States and China increased investor optimism about the global economy.
After strong U.S. jobs figures, official Chinese data released over the weekend showed that the nation's trade surplus increased to $33.80 billion...
Covidien plc (COV) is all set to acquire Israeli maker of the PillCam endoscopic pill camera - Given Imaging Ltd. (GIVN)- for $30.00 per share in cash, which equates to a value of approximately $860 million.
After trending lower over the past few sessions, stocks showed a strong move back to the upside during trading on Friday. The markets benefited from a largely positive reaction to a better than expected monthly jobs report. The major averages closed firmly in positive territory, with the Dow and the S&P 500 back above key psychological levels.
Although not particularly surprising, Republicans and Democrats in Washington have received mixed messages from the Labor Department's better than expected monthly jobs report on Friday. Lawmakers from both parties described the numbers as encouraging but suggested that the data provided support for their policies rather than those of their colleagues across the aisle.
Amid the troubled rollout of Obamacare, the results of a new Gallup poll released Friday showed a majority of Americans want Congress to scale back or entirely repeal the healthcare reform law. The poll found that 20 percent of Americans want Congress to scale back the Affordable Care Act, while 32 percent would prefer its outright repeal.
After moving sharply higher early in the session, stocks continue to turn in a strong performance in mid-day trading on Friday. The markets are benefiting from a positive reaction to a better than expected monthly jobs report. The major averages are currently posting strong gains, near their highs for the session.
Consumer sentiment in the U.S. has improved by much more than anticipated in the month of December, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for December jumped to 82.5 from the final November reading of 75.1. Economists had been expecting the index to edge up to 75.5.