Page 25 - ARUBA TODAY

BUSINESS Tuesday 12 June 2018
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Stock markets mixed ahead of Trump-Kim meeting

By KEN SWEET with reliable security assur- ANALYST’S TAKE: “The
Associated Press ances and other benefits. Trump-Kim summit is the
NEW YORK (AP) — U.S. But many say Kim’s govern- massive event that has a
stocks were higher in mid- ment is unlikely to give up far-reaching regional impli-
day trading Monday amid weapons that help guaran- cation. While the markets
preparations for President tee its survival. had low expectations go-
Donald Trump’s meeting TRADE TENSIONS: Trump ing into G-7, assumptions
with North Korean leader took more swipes at Cana- are running high, so if the
Kim Jong Un in Singapore. dian Prime Minister Justin talks somehow go side-
KEEPING SCORE: The Dow Trudeau, contending that ways, there could be a
Jones industrial average “Fair Trade is now to be reasonably aggressive re-
added 57 points, or 0.2 called Fool Trade if it is not gional risk-off move,” said
percent, to 25,372 as of Reciprocal.” Stephen Innes of currency
12:30 p.m. Eastern time. The Trump roiled a weekend trader Oanda in a report.
Standard & Poor’s 500 rose meeting of the Group EURO WATCH: Italy’s mar-
10 points, or 0.4 percent, of Seven major industrial kets jumped after the Traders Steven Kaplan, right, and Michael Milano works on the
to 2,788 and the Nasdaq economies by agreeing economy minister said the floor of the New York Stock Exchange, Monday, June 11, 2018.
composite rose 30 points, to a group statement only country’s new populist gov- Associated Press
or 0.4 percent, to 7,677. to rapidly withdraw from it ernment isn’t considering currency. European mar- caused by PG&E’s equip-
NORTH KOREA TALKS: U.S. while complaining about leaving the eurozone or kets closed broadly higher. ment, raising liability impli-
and North Korean offi- Trudeau’s criticism of his adding to the high public Italy’s main stock index cations for the company.
cials were preparing for a tariff threats. After leav- debt load. The statement jumped 3.4 percent, Ger- POSSIBLE BUYOUT: Boston
meeting Tuesday between ing Canada, Trump called was the strongest yet on many’s DAX rose 0.6 per- Scientific jumped $2.86,
Trump and Kim aimed at Trudeau “dishonest” and the topic from an official in cent and France’s CAC-40 or 9 percent, to $34.80 af-
settling the standoff over “weak” on Twitter. German the new government. Mar- index rose 0.4 percent. ter The Wall Street Journal
the North’s nuclear arsenal. Chancellor Angela Merkel kets fell sharply last month ON FIRE: Utility company reported that that Stryker
North Korea has reportedly said she found Trump’s on worries that the new ad- PG&E dropped $1.86, or offered to purchase the
said it is willing to deal away tweet disavowing the G-7 ministration might consider 4.5 percent, to $39.60 after medical device company.
its entire nuclear arsenal if statement “a little depress- pulling Italy out of the euro California authorities said Stryker shares fell $5.44, or 3
the United States provides it ing.” or weakening its role in the a series of wildfires were percent, to $173.51.q
After teasing a name change, IHOP says “b” is for burgers

Associated Press
NEW YORK (AP) — IHOP,
which teased a name
change to IHOb earlier this
month, says the “b’’ is to
promote its burger menu.
The pancake chain has
been coy about whether
the name flip is perma-
nent, saying Monday that
it was “for the time being.”
Pressed for details, the
company would not give
an end date for IHOb but
referred to the “tongue-in- This May 11, 2017, file photo shows an IHOP sign at a restaurant
cheek name change” and in Hialeah, Fla. IHOP, which teased a name change to IHOb
said it was tied to the sum- earlier this month, says the “b” is to promote its burger menu.
Associated Press
mer burger promotion.
The company known for
breakfast already had
burgers on the menu, but
is adding a line made of
Black Angus ground beef.
It started using the IHOb
name on social media, on
its website and for in-store
promotions. The hints of a
name change had spurred
guesses on social media —
and some disappointment
Monday at what was re-
vealed. Others were con-
cerned that the pancakes
would disappear: “No
need to worry, the pan-
cakes aren’t going any-
where!” IHOP reassured
customers on Twitter.q