U.S. stocks opened little changed on Monday, as corporate deals offset a stronger dollar. The Dow Jones Industrial Average lately gained 6.37 points, or 0.03%, to 18,278.93. The S&P 500 was off 0.27 point, or 0.01%, to 2,122.46. The Nasdaq Composite was down 2.14 points, or 0.04%, to 5,046.15.
MasterCard Inc. is poised to receive an antitrust complaint from European Union watchdogs probing card-payment fees, according to three people with knowledge of the case.
Endo International PLC (ENDP) said on Monday it has made a deal to buy privately-held generic-drugs maker Par Pharmaceutical Holdings Inc. in an $8.05 billion takeover. The combined company will have a generics business among the top five by U.S. sales, they two drug makers said in the release.
Apple Inc. (AAPL) has acquired a Global Positioning System company called Coherent Navigation Inc., with the startup firm’s executives joining Apple’s maps team.
Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.
Leave a Reply
You must be logged in to post a comment.