By STEVE ROTHWELLAP Markets Writer
NEW YORK (AP) - The stock market edged higher Monday morning after a big acquisition in the food industry.
Food distributor Sysco jumped $7.79, or 23 percent, to $41.15 after it announced an agreement to buy rival US Foods in an $8.2 billion acquisition.
NEW YORK (AP) - The stock market is opening little changed following last week's strong U.S. jobs report.
The Dow Jones industrial average rose six points to 16,026 shortly after the market opened Monday. The Standard & Poor's 500 index gained three points to 1,808. The Nasdaq composite
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.
OAK BROOK, Ill. (AP) - McDonald's said Monday that a key sales figure rose 0.5 percent in November, even as the world's biggest hamburger chain faced tough competition and basically flat traffic in the U.S.
Its global sales performance was the same as in October. The stock slipped in
NEW YORK (AP) - Stock futures are edging higher in light trading, adding to last week's late rally on strong U.S. jobs numbers from November.
It was the final monthly jobs report of the year, though weekly jobs numbers will be released Thursday.
Dow Jones industrial futures are up 3 points to
FRANKFURT, Germany (AP) - Germany's express delivery and mail company Deutsche Post DHL is testing a drone that could be used to deliver urgently needed goods to hard-to-reach places.
The small pilotless helicopter flew a package of medicine Monday from a pharmacy in the town of Bonn to the
By IAN DEITCHAssociated Press
JERUSALEM (AP) - The United Nations said Monday that Israel has agreed to again allow imports of construction materials into Gaza after a two-month clampdown following the discovery of a tunnel dug by militants from the coastal strip into Israel.
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - Chobani says it will air its first Super Bowl ad this February, a move intended to make the Greek yogurt company more of a household name.
The debut on advertising's biggest stage comes as Greek yogurt continues to surge in popularity.
AMSTERDAM (AP) - Europe's top regulator has warned Nokia not to try to become a "patent troll" after the Finnish company sold most of its cellphone-making business to Microsoft Corp. this year but retained its patent portfolio.
Joaquin Almunia said in a speech in Paris on Monday he had approved
By DANICA KIRKAAssociated Press
LONDON (AP) - Major technology companies, stung by poor publicity for having helped the U.S. government access personal data, on Monday issued an open letter to President Barack Obama asking for tighter controls on surveillance.
As part of a global campaign to reform
KHQ.COM - On December 5, 2013 Michael D. Morehead, who was previously listed as a missing person from the City of Coeur d'Alene, has been found deceased by a Kootenai County Sheriff's Office's Volunteer Search & Rescue K9 search team.
He was found a short distance from
Facebook post from Spokane Fire Department: "Despite resuscitation attempts by Engine 6 assisted by AMR & SIA, the young patient did not survive. The military family was traveling with the teen to Atlanta for a family Christmas. Thoughts and prayers from all of us at the SFD for
MORAGA, Calif. (AP) - Brad Waldow scored 24 points to lead five Gaels in double figures as St. Mary's beat Eastern Washington 93-65 Sunday night.
After Drew Brandon hit a 3-point shot to pull Eastern Washington (5-3) within seven with 9:24 left in the first half, the Gaels went on a 16-5 run to