Stocks rise…New North Korea sanctions to be announced…General Mills buying Blue Buffalo

NEW YORK (AP) — Hewlett Packard Enterprise and HP are leading technology companies higher in early trading on Wall Street. Banks are also rising. Bond yields continue to recede from the four-year highs they reached earlier this week.

WASHINGTON (AP) — The Trump administration is hitting more than 50 vessels, shipping companies and trade businesses with sanctions in the latest bid to turn up the pressure on North Korea over its nuclear program. A senior administration official says the sanctions are targeted at sources of fuel and cash for the North. President Donald Trump is expected to announce the action today.

MINNEAPOLIS (AP) — General Mills is buying Blue Buffalo Pet Products Inc. in a deal valued at about $8 billion. General Mills Inc. will pay $40 per Blue Buffalo share. That’s a 17 percent premium to the pet food company’s Thursday closing price of $34.12. Blue Buffalo makes natural foods and treats for dogs and cats. It’s expected to keep its Wilton, Connecticut headquarters.

RICHMOND, Va. (AP) — The cost of a controversial natural gas pipeline planned to run through Virginia is expected to increase by more than $1 billon. The Richmond Times-Dispatch reports that Duke Energy says the estimated total project cost is now at least $6 billion because of delays in the permitting process. Duke Energy is a 47 percent partner in the 600-mile Dominion Energy-led Atlantic Coast Pipeline. Duke anticipates the project’s cost will increase by up to $1.5 billion before its expected 2019 completion date.

NEW YORK (AP) — More stores are letting shoppers tally their groceries with a phone app or store device as they roam the aisles. For customers, scanning as they go can be faster and make it simpler to keep track of spending. For stores, the cost is lower than installing more self-checkouts. The expansion of scan-and-go comes from retailers trying to make store shopping more convenient and hang on to customers used to Amazon, which just opened a cashier-less store in Seattle.

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