MARKET PULSE-McDonald's, Sysco, NII, YRC Worldwide, Given Imaging
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street rose modestly at the open on Monday, supported by inflation data from China but gains were likely to be capped with a number of top Federal Reserve officials lined up to speak throughout the day. Dow Jones industrial average futures were up 0.18 percent at 16,042, S&P 500 futures were up 0.14 percent at 1,807.5 and Nasdaq 100 futures were up 0.34 percent at 3,516.
** MCDONALD'S CORP, $95.69, -1.15 pct
The world's biggest hamburger chain reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States.
** SYSCO CORP, $40, +16.58 pct
The food distributor said it would buy rival US Foods for about $3.5 billion and assume about $4.7 billion in debt to create a company with about $65 billion in annual revenue.
** YRC WORLDWIDE, $9.39, +11.12 pct
The trucking company said the International Brotherhood of Teamsters agreed to vote on a contract that would extend the employment of about 26,000 workers till March 2019. YRC had met with the local union leaders last month for contract negotiations that it said would help with its refinancing. Continued...