Stock Opened lower; Archer Daniels Midland to acquire Wild Flavors

U.S. stocks opened lower on Monday, as investors gear up for the second-quarter earnings season. The Dow Jones Industrial Average lately fell 53.56 points, or 0.31%, to 17,014.70.The S&P 500 shed 6.13 points, or 0.31%, to 1,979.31. The Nasdaq Composite was down 14.42 points, or 0.32%, to 4,471.51.

The American agricultural giant Archer Daniels Midland said on Monday that it had agreed to acquire Wild Flavors of Switzerland, a flavoring company, for 2.3 billion euros, or about $3.1 billion, in cash and debt.

BioDelivery Sciences International (BDSI) and its partner, Endo Pharmaceuticals, said a late- stage trial of its severe pain treatment met its primary efficacy endpoint. Secondary endpoints were also supportive of the treatment’s efficacy.

American Apparel Inc. is in talks to raise new financing from hedge fund Standard General that would allow the company to pay off a loan that came due after it ousted founder Dov Charney, people familiar with the matter said.

Global banking regulators are considering new measures that would make it harder for banks to understate the riskiness of their assets, including potentially ending the long-standing treatment of all government bonds as automatically risk-free.