The S&P 500 hit new all-time highs yesterday, while other equity indexes slipped. The CBOE Volatility Index climbed back above the 14 level.
(Repeats to additional subscribers). * Euro hits 2-1/2-month peak against dollar. * ECB disappoints bears, euro seen rising to $1.40.
(REUTERS) - Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
Office supplies chain Staples announced plans Thursday to shut down more than 10 percent of its stores, according to an Associated Press story.
China's benchmark rate for loans between lenders was set for the biggest weekly drop this year after the central bank scaled back cash withdrawals in its money-market operations.