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June 17, 2013 01:32 PM

Monday Afternoon Business Brief

Stocks are posting strong gains today as traders anticipate this week's Federal Reserve policy meeting. The expectation is that the Fed will continue its stimulus of the U.S. economy when it meets this week. The Dow was up 130 points in afternoon trading, while the S&P was up about 12 and the Nasdaq more than 30 points.

  • President Barack Obama and top European Union officials say talks on a sweeping trade deal between the European Union and the United States will start in Washington next month. The aim would be to promote economic growth by eliminating the import tariffs and changing regulations that keep goods made on one side of the Atlantic from being sold on the other side.
  • Google has settled a shareholder lawsuit, clearing the way for a long-delayed stock split. The agreement resolves allegations that Google co-founders Larry Page and Sergey Brin engineered the split in a way that unfairly benefits them and shortchanges the rest of the company's shareholders.
  • Texas Gov. Rick Perry is courting gun manufacturers and other businesses in Connecticut. Gun makers say they're considering leaving the state after Gov. Dannel Malloy signed new gun restrictions into law following the killings of 20 children and six educators at the Sandy Hook Elementary school in Newtown last December. Perry says his visit is part of Texas' drive to compete for jobs.
  • Nine owners and managers of 7-Eleven stores on New York's Long Island and in Virginia have been charged in a scheme to exploit immigrants from Pakistan and the Philippines. Prosecutors allege they employed more than 50 immigrants who didn't have permission to be in the U.S., concealing their employment by stealing the identities of about two dozen people - including a child and three dead people- and submitting the information to the 7-Eleven payroll department.
  • Business
  • Economy/Stocks

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