Global stocks mixed … Businesses accused of targeting people in US illegally … Rite Aid/Albertson call off merger
SEOUL, South Korea (AP) – Global stock markets are mixed today with European stocks trading lower after Chinese markets finished with sharp gains. The Shanghai Composite Index jumped 1.8 percent and Hong Kong’s Hang Seng index advanced 0.9 percent, but Japan’s Nikkei 225 slipped 0.2 percent. In early trading Britain’s FTSE 100 is down 0.6 percent while Germany’s DAX has dipped less than 0.1 percent. France’s CAC 40 is down 0.2 percent. Wall Street futures are signaling a tepid start with S&P futures up 0.1 percent and Dow futures up less than 0.1 percent.
OMAHA, Neb. (AP) – A large federal law enforcement operation has targeted businesses in two states that officials say knowingly hired – and mistreated – immigrants who are in the U.S. illegally. The investigative arm of U.S. Immigrations and Customs Enforcement led the operation Wednesday that saw 14 business owners and managers and 130 workers arrested. Most of the arrests were in northern Nebraska and southern Minnesota.
UNDATED (AP) – Drugstore chain Rite Aid and grocer Albertsons say they have called off their merger deal. Rite Aid CEO John Standley says that after hearing the views of shareholders, Rite Aid is “committed to moving forward and executing our strategic plan as a standalone company.” Albertsons, which is privately owned and operates grocery chain Safeway, among others, announced in February a plan to buy Rite Aid’s more than 2,500 drugstores.
TOKYO (AP) – Japanese automakers Suzuki, Mazda and Yamaha have admitted using falsified emissions data to inspect their new vehicles after the government ordered the industry to review its procedures. Japan’s transport ministry says the three automakers admitted conducting improper inspections after 23 Japanese auto and motorbike manufacturers were ordered to examine their inspection procedures in July following similar mishandlings being found at Nissan Motor Co. and Subaru Corp. in their fuel economy data at final product quality checks.
HYDERABAD, India (AP) – Band music and loud cheers greet hundreds of Indian buyers as Swedish home furniture giant IKEA opened its first store in the country, five years after it received approval to invest in India’s single-brand retail sector. The store started business today in the southern Indian city of Hyderabad, India’s information technology hub, spread over a sprawling area of 13 acres.