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.
Cerberus Capital Management is to buy grocery giant Safeway Inc. and will merge it with another supermarket chain it already owns.
FRAMINGHAM, Mass. (AP) - Staples will close up to 225 stores in North America by the end of next year as it seeks to trim about $500 million in costs annually by 2015.
The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labour market that has been hobbled by severe weather.
Slowing inflation has confronted European Central Bank policymakers with the risk that they will have to take action to head off deflationary pressures, but better-than-forecast economic data has eased the immediate need to cut interest rates.