Stocks Reach Record High as Apple Leads Gains
The Dow added 26.32 points to 18,298.88 while the S P 500 rose to 2,129.20 and the Nasdaq climbed to 5,078.44. Apple gained 1 percent amid Carl Icahn pushing for larger buybacks. Ann Inc jumped after agreeing to be acquired by The Ascena Retail Group. Endo International fell on news of a $8 billion Par Pharmaceutical purchase. Oil fell for a fourth straight session as supplies stay high and the dollar strengthens.
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Office Depot to vote on $6.3 billion Staples merger
Office Depot shareholders will meet June 19 in Boca Raton to vote on a $6.3 billion merger with Staples. The FTC has not cleared the deal yet. The offer pays $7.25 cash and 0.2188 Staples shares per Office Depot share.
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Trades top list of hardest to fill jobs worldwide
Manpower’s survey of 41,700 employers in 42 countries shows trades such as butchers bakers mechanics and electricians are the hardest to fill in 2015. Drivers teachers and seven other U S positions follow, with 38 percent globally reporting shortages versus 22 percent in the United States.
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Settlements Grow in GM Ignition Switch Case
The GM Ignition Compensation Fund approved offers for 104 fatalities, up four from last week, with 495 cases pending review including 26 fatalities. The fund has paid to 12 people for severe injuries and 179 for less serious injuries from recalls of about 2.5 million small cars.
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