Receive Breaking News updates as they occur
Discount chain Dollar Tree Inc will buy rival Family Dollar Stores Inc for about $8.5 billion, in a surprise deal that will help it fend off increasing competition from big-box retailers such as Wal-Mart Stores Inc . Dollar stores have struggled in a weak U.S. economy as Wal-Mart and other large retail chain chase penny-pinching consumers by offering more items priced at $1 or less. The deal will give Dollar Tree more than 13,000 stores across the United States and Canada, vaulting the company ahead of Dollar General Corp to become North America's biggest discount retailer. Family Dollar's sale is a big win for activist investor Carl Icahn, who has been urging the company to sell itself.
GAZA CITY, Gaza Strip (AP) — A strike on a Gaza park killed 10 people Monday, nine of them children, as Israeli and Palestinian authorities traded blame over the attack and fighting in the Gaza war raged on despite a major Muslim holiday.
WASHINGTON (AP) — Ukraine's foreign minister says pro-Russian separatists are continuing to try to manipulate the wreckage of the Malaysian airliner that the United States and others have accused the rebels of shooting down.