Stocks mixed ...Oil prices edge higher... Health care company settles with government
NEW YORK (AP) — Amazon’s $13.4 billion deal for Whole Foods sent grocery stores, big retailers, and food makers and distributors plunging today. Energy companies rose while other stocks were little changed. The S&P 500 index inched up a fraction of a point to 2,433. The Dow added 24 points, to a record high of 21,384. The Nasdaq fell nearly 14 points, to 6,151. The Russell 2000 index of smaller company stocks shed 3 points, to 1,406.
NEW YORK (AP) — Oil futures are up today. Benchmark U.S. crude rose 28 cents to $44.74 a barrel in New York. At the same time, Brent crude, used to price international oils, climbed 45 cents, or 1 percent, to $47.37 a barrel in London.
LOS ANGELES (AP) — Genesis HealthCare says it’s pleased to resolve allegations that the company and its subsidiaries had submitted false claims for unnecessary therapy and nursing care. A company spokeswoman says Genesis agreed to pay a $53.6 million settlement with the U.S. Justice Department. She says the company, which is headquartered in Kennett Square, Pennsylvania, operates in a heavily regulated industry.
WASHINGTON (AP) — Defense and spy-agency contractor Booz Allen Hamilton says a subsidiary’s accounting and the way it charges the government is being investigated by the Justice Department. Booz Allen also says its own auditing hasn’t found any major erroneous costs or problems, and that it’s cooperating with the Justice Department’s civil and criminal investigations. The company is based in the Washington, D.C. suburb of McLean, Virginia.
WASHINGTON (AP) — President Donald Trump is outlining the financial health of the business assets he placed into a trust when he took office. The information comes in a new financial disclosure he voluntarily made today to the Office of Government Ethics. The documents cover January 2016 through this spring. The report shows Trump resigned from more than 500 positions. He listed at least $315 million in liabilities, about the same as in a report he filed last year.