Sysco Corp. said it will buy US Foods for $3.5 billion in stock and cash, uniting the country's two biggest food-distribution companies into a giant with about $65 billion in annual revenue.
Federal Reserve Bank of St. Louis President James Bullard, who votes on policy this year, said the odds of tapering bond purchases have risen along with gains in the labor market, and any reduction should be modest to account for low inflation.
NEW YORK (Reuters) - The euro rose to a six-week high against the dollar and a five-year peak versus the yen on Monday, helped by tighter money market conditions in the euro zone and strong trade numbers from China, which boosted investor tolerance ...
NEW YORK -- Wall Street was seeing a modest lift in stock prices on Monday morning, pushing the broad S&P 500 above its record close and extending the gains from Friday that were sparked by a stronger-than-expected reading on job growth.
The move comes weeks before Mr. Jeffries's current contract was due to expire Feb. 1. The board's lead independent director, Craig Stapleton, said Monday the new contract will tie Mr. Jeffries's pay more closely to the teen retailer's performance.