New York - US stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.
(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.
Staples joined Radio Shack as the second major chain this week to announce major store closings. The nation's largest office-supply company said Thursday that nearly half of its sales are now generated online.
Workers inspect bare metal bodies on the production line at the Chrysler Toledo Assembly Plant in Ohio on Feb. 28, 2014. Photographer: Ty Wright/Bloomberg.
Dan joined FT Alphaville in September 2013 after stints on Lex and as the FT's Investment Correspondent in New York. Send him ideas or call him up.