WASHINGTON - The wealth of Americans reached a nominal record high during the summer, buoyed by surging stock prices and a healthy recovery in home values.
The new American Airlines Group Inc. disclosed retention bonuses for executives following the closing of its merger Monday, including shares worth about $15 million for Chief Executive Doug Parker.
In a session lacking fresh U.S. economic data, a trio of Federal Reserve officials indicated the Fed could start tapering its stimulus efforts as early as next week.
U.S. regulators are expected Tuesday to approve the so-called Volcker rule, which bans banks from making bets with their own money and limits their ability to invest in certain trading vehicles.
(Updates with closing stock price in fifth paragraph.) Dec. 9 (Bloomberg) -- Sysco Corp. agreed to acquire closely held US Foods for $3.5 billion, adding brands from Cattleman's meat to Devonshire desserts, in the largest food-distribution deal in eight years in ...