Sysco agreed on Monday to buy US Foods for about $3.5 billion in stock and cash, uniting two of the biggest food distributors in the country.
CNBC's Phil LeBeau talks with Doug Parker, American Airlines CEO, about the benefits of his company's merger with U.S. Air and reveals where he sees growth for the new airline and how he plans to win over the corporate traveler.
U.S. equity markets climbed for the second session in a row as worries about the Fed's plans to scale back its bond purchases cooled.
McDonald's, which last year got 32 percent of revenue from its U.S. locations, has been revamping its menu and trying to improve service to attract Americans amid fierce restaurant competition.
Japan slashed its estimate of economic growth for the July-September quarter Monday as investment by companies slowed more than first estimated.