(Updates with economist comment in fourth paragraph, stocks in seventh and corporate cash balance in 11th.) Dec. 9 (Bloomberg) -- Household wealth in the U.S.
HOUSTON - Sysco is buying the food distributor US Foods for about $3.5 billion in cash and stock. Under terms of the agreement announced Monday, Houston's Sysco will pay $3 billion in common stock and $500 million in cash.
Stocks inched higher as investors digested the previous session's big gains, awaited speeches from a number of Federal Reserve bank presidents and looked ahead to the prospect of a budget deal later this week.
WASHINGTON (MarketWatch) - The best move for the Federal Reserve given improving jobs numbers but slow inflation readings might be a small December taper, an official said Monday in key comments ahead of next week's meeting.
The advent of a new medium to conduct business inevitably means avenues for criminals to swoop in to take advantage. The development of Bitcoin, the virtual currency that is not issued by any government, presents challenges for the authorities to use laws ...