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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 16, 2015
Page
13
The Dow fell 107 points to finish lower for 2015 as Greece creditor talks stall and a Fed meeting looms. The S P 500 slipped 0.5 percent and the Nasdaq dropped 0.4 percent amid euro zone concerns and a stronger dollar.
U S home builders optimistic about sales prospects with sentiment index at 59 this month, up five from May and the highest in a decade. The six month outlook also marks a ten year peak, signaling strong demand expectations.
CVS Health will acquire Target's pharmacy and clinic operations for 1.9 billion, rebranding over 1,660 Target pharmacies as CVS Pharmacy in 47 states and renaming about 80 Target clinics as MinuteClinic. CVS plans 20 new clinics in Target stores within three years. Target will seek 5 to 10 Target Express sites with CVS inside.
Federal Claims Court judge ruled the 2008 government rescue of AIG overstepped legality by taking an 80 percent stake and charging an 12 percent loan rate plus fees. The decision questions government terms in future bailouts while noting the Fed's legal defense. It could shape compensation bounds for future rescues and faces prominent critics including Ben Bernanke and Henry Paulson.
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