MARKET PULSE-McDonald's, Sysco, Highway Holdings, YRC, NII, 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 on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by top Federal Reserve officials. The Dow Jones industrial average was up 0.11 percent at 16,037.7, the S&P 500 was up 0.27 percent at 1,809.98 and the Nasdaq Composite was up 0.25 percent at 4,072.613.
** MCDONALD'S CORP, $95.98, -0.85 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, $38.65, +12.65 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.
** HIGHWAY HOLDINGS LIMITED, $4.01, +35.06 pct Continued...