Hostess Brands Inc. said United States Bakery Inc. offered to buy certain bread brands for $28.9 million and that McKee Foods Corp., maker of Little Debbie snacks, agreed to pay $27.5 million for its Drake’s brand.
U.S. stocks rose, halting a five-day slide for the Standard & Poor’s 500 Index, as investors weighed better-than-forecast jobs growth to gauge the strength of the economy and timing of Federal Reserve stimulus cuts.
Oct. 31 (Bloomberg) -- Bloomberg's Mike McKee looks at the possible costs of damage from Hurricane Sandy and how it will potentially be paid for. He speaks on Bloomberg Television's "Bloomberg Surveillance."
The jobless rate dropped to a five- year low of 7 percent in November as American employers added more workers than forecast, boosting speculation the Federal Reserve may start scaling back stimulus as soon as this month.
Aug. 16 (Bloomberg) -- Bloomberg's Mike McKee dissects the budget plans of President Barack Obama and Republican presidential candidate Mitt Romney, breaking down the differences on taxes and spending. He speaks on Bloomberg Television's "Bloomberg Surveillance."
June 26 (Bloomberg) -- Mike McKee reports that Spanish and Italian bond yields are rising again, approaching unsustainable ranges and causing concern. A hand-picked committee has put together a proposal to adapt fiscal authority in Europe, but is meeting resistance from German Chancellor Angela Merkel. McKee joins Mark Crumpton on Bloomberg Television's "Bottom Line."
Treasury 10-year note yields fell from the highest in almost three months as investors weighed prospects for the Federal Reserve’s bond purchases after data showed the economy added more jobs than forecast last month.