Dollar General Raises Family Dollar Bid to $9.1 Billion
The battle for over U.S. retailing's discount aisle escalated, as Dollar General raised its bid for Family Dollar Stores and warned it could try a hostile takeover if its smaller rival doesn't agree to talks.
Dollar's Rally Accelerates
The U.S. dollar surged to long-term highs against the euro and yen, and many investors are betting that central banks' divergent paths will mean further gains for the dollar.
U.S. Stocks Down After Recent Gains
U.S. stocks turned lower Tuesday, after stock-market gains in August led to the largest monthly increases for the Dow industrials and the S&P 500 since February.