NEW YORK (AP) - The stock market is back at a record high after a big acquisition in the food industry and as traders hope that a budget deal could be reached in Washington.
Sysco, a major food distributor, rose the most in the Standard & Poor's 500 index Monday after it announced an
HOUSTON (AP) - Sysco is buying the food distributor US Foods for about $3.5 billion in cash and stock.
Under the terms of the agreement announced Monday, Houston's Sysco will pay $3 billion in common stock and $500 million in cash. It will also assume or refinance about $4.7 billion in debt.
By STEVE ROTHWELLAP Markets Writer
NEW YORK (AP) - Mining companies and corporate deal stories were in focus Monday on an otherwise quiet day on the stock market.
Newmont Mining and Cliffs Natural Resources were among the biggest gainers in the Standard & Poor's 500 index after the price of
By PETER ORSIAssociated Press
HAVANA (AP) - A Canadian businessman caught up in a corruption probe in Cuba apparently went on trial Thursday, nearly two years after he was detained and his import company, Tri-Star Caribbean, was shuttered.
Sarkis Yacoubian arrived at an Interior Ministry courthouse
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - Bank of America led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed following a record-setting run last week.
News that Bank of America and MBIA, a bond-insurance company, had reached a settlement
By LARRY NEUMEISTERAssociated Press
NEW YORK (AP) - A 69-year-old luxury food distributor who was charged with unlawfully importing caviar but evaded arrest for nearly a quarter-century before being captured last year won't have to spend any more time behind bars after a judge sentenced him on
TOKYO (AP) - Japanese trading company Itochu Corp. said Tuesday it has agreed to buy Dole Food Co.'s worldwide packaged foods and Asia fresh produce businesses for $1.7 billion.
Dole's packaged foods business includes products ranging from canned and frozen fruit to bagged salads - product