BusinessTeledyne Pays 1.1 Billion Dollars for Varex Imaging in Medical Technology Consolidation Play
Sensing-systems maker Teledyne Technologies agreed to acquire X-ray imaging components maker Varex for 8.90 per share, an 88 percent premium that sent Varex shares soaring 48 percent.
FinanceInflation Falls to 3.5 Percent in June as Gas Prices Plunge But Food and Housing Costs Keep Rising
American consumers got their first meaningful relief from inflation in fourteen months as the CPI fell to 3.5 percent, driven by a dramatic drop in gasoline prices that offset continued increases in food and housing.