(Reuters) - Discount store chain Dollar Tree Inc said it would buy rival Family Dollar Stores Inc for about $8.5 billion, creating North America's biggest discount retailer. Shares of Family Dollar, which has been under pressure from activist investor Carl Icahn to sell itself, rose almost 25 percent to $75.50 in premarket trading on Monday. Dollar Tree shares were up 8.8 percent at $59. Dollar Tree, whose products cost $1 or less, caters to the middle class.
GAZA CITY, Gaza Strip (AP) — Caught in the fighting between Israel and Hamas, Gaza's civilians are increasingly struggling to get by. There is no electricity 21 hours a day because power lines have been hit. Water taps have run dry because there's no power to their fuel pumps and tens of thousands of displaced sleep on the floors of schools and hospitals.