-
Published on Oct 31, 2016
U.S.
stocks fluctuated as GE headlined a busy morning for deals news and
crude oil tumbled below $48 a barrel. The energy sector was the worst
performer on Wall Street. Business activity in the Chicago area weakened
in October, according to the latest reading on Chicago PMI. The measure
fell to its lowest level since May and fell short of analysts'
forecasts of a slight increase. Constellation Brands agreed to purchase a
Grupo Modelo brewery in Mexico for $600 million. The brewery will be
used to ramp up production of Constellation's high-end Mexican beers.
Modelo is a subsidiary of Anheuser-Busch . Lumber Liquidators slumped
after reporting a far wider quarterly loss than expected. However, the
flooring company did show signs of recovery following last year's health
and safety scandals.
No comments:
Post a Comment