Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion. The Atlanta home improvement chain said Monday the transaction will help strengthen Home Depot’s relationship with professional contractors.
Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks. The Justice Department had sued to block the acquisition, saying it could eliminate competition, raise prices and reduce innovation.
Excerpts from recent editorials in the United States and abroad:
TOKYO (AP) – Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan’s central bank released Tuesday, although worries persist over President Donald Trump’s tariffs.
BANGKOK (AP) – Chinese factory activity improved somewhat in June after President Donald Trump agreed to delay imposing higher tariffs on imports from China for 90 days, but overall activity was still contracting, according to a survey released Monday.
NEW YORK (AP) – All the major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said Friday, but the test conducted by the central bank was notably less vigorous than it had been in previous years.
SAN FRANCISCO (AP) – California Gov. Gavin Newsom sued Fox News on Friday over alleged defamation, saying the network knowingly aired false information about a phone call he had with President Donald Trump around the time the National Guard was sent Los Angeles.
A trade war. A real war with bombs dropped in the Middle East. A barrage of insults hurled by the president of the United States at the head of the Federal Reserve.