S&P, Dow set to open at record highs as North Korea tensions ease
(Reuters) – The S&P and the Dow were set to open at record highs on Monday as appetite for riskier assets improved on easing tensions on the Korean peninsula and ahead of the Federal Reserve’s meeting that could unveil plans to trim its bloated balance sheet.
Costly drugs to weigh on U.S. employers’ expenses in 2018: survey
(Reuters) – U.S. employers are bracing for higher health care expenses in 2018 as spending on new drugs to treat diseases such as cancer, multiple sclerosis and hepatitis C is expected to rise more than 7 percent, according to consultancy firm Mercer.
Dollar Tree names Gary Philbin as new CEO
(Reuters) – U.S. discount retailer Dollar Tree Inc said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company’s enterprise president, effective immediately.
World stocks reach new peak as Fed-focused week begins
LONDON (Reuters) – World stocks hit another record high on Monday and the dollar reached an eight-week peak against the yen on expectations the U.S. Federal Reserve will unveil plans this week to trim its bloated balance sheet.
Walgreens to revise Rite Aid stores deal for antitrust approval: Bloomberg
(Reuters) – Walgreens Boots Alliance Inc is set to revise its agreement to buy some Rite Aid Corp stores, a move that may be enough for the drugstore chain operator to resolve outstanding antitrust concerns, Bloomberg reported.
U.S. trial set to begin for ex-HSBC executive in foreign exchange scheme
NEW YORK (Reuters) – A former high-ranking HSBC Holdings Plc executive from Britain on Monday will become the first person to go to trial on charges stemming from a U.S. probe into foreign exchange rate manipulation.
U.S. appeals WTO ruling that it failed to withdraw Boeing tax break
GENEVA (Reuters) – The United States has appealed a ruling by the World Trade Organization which said it had not withdrawn a tax break for Boeing Co as required, a U.S. filing published by the global trade body showed on Monday.
Airbus hits back against Austria in Eurofighter row
VIENNA (Reuters) – Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal.
Northrop Grumman to buy missile maker Orbital for $7.8 billion
(Reuters) – U.S. defense contractor Northrop Grumman Corp said on Monday it would buy Orbital ATK Inc for about $7.8 billion in a deal that gives it greater access to lucrative government contracts and expands its arsenal of missile defense systems a…
From grudge to nudge: tech firms help insurers shift gear
LONDON (Reuters) – Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway.
