: :inin Kyiv (EET)

US stocks gain; Dollar General jumps after bid


Corporate deal news gave the US stock market a lift on Monday as a bidding contest erupted for a discount retailer. Stocks also climbed amid reports of diplomatic efforts to broker a cease-fire in the conflict in Ukraine.Dollar General jumped after making a bid for retailer Family Dollar, a rival discount store. The offer topped a bid made last month by Dollar Tree, another discount retailer. Airlines were also among the big gainers as the price of oil slumped.The stock market is bouncing back after a bout of summer volatility pushed the Standard & Poor’s 500 down earlier this month …read more

Source: The Jakarta Post

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