Stocks Opened Little Changed

U.S. stocks opened slightly lower on Monday as investors awaited data later this week on jobs. The Dow Jones Industrial Average lately lost 34.684 points, or 0.21%, to 16,817.16. The S&P 500 fell 1.02 points, or 0.05%, to 1,959.94. The Nasdaq Composite rose 4.16 ponts, or 0.09%, to 4,402.09.

The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas <BNPP.PA> involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France’s biggest bank, sources familiar with the matter said.

TreeHouse Foods Inc. (THS), the maker of private-label foods for retailers, agreed to buy Flagstone Foods for $860 million to expand in healthy snacks such as dried fruits.

The Mexican paint maker Consorcio Comex has agreed to sell itself to PPG Industries, just months after an earlier sale agreement fell apart. PPG Industries, a paint and coating maker based in Pittsburgh, said on Monday that it would pay $2.3 billion for Comex, a privately held company based in Mexico City.

Ohr Pharmaceutical, Inc. (OHRP), an ophthalmology research and development company, today announced that the Company was added to the Russell Global, Russell 3000, and the Russell Microcap Indexes when Russell Investments reconstituted its comprehensive set of U.S. and global equity indices on June 27, 2014.

About the Author

has written 14551 stories on this site.

Copyright © 2012 Nine Stocks