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U.S. markets news

Avago-Broadcom $37 billion deal could put pressure on Qualcomm
Avago Technologies Ltd's $37 billion deal to buy chipmaker Broadcom Corp creates new competitive challenges for Qualcomm and may force the world's largest mobile chip maker to radically rethink its own strategy.
Broadcom sold to rival for $37 million in biggest tech deal ever  OCRegister
Avago to buy Broadcom for $37 billion in biggest-ever chip deal  Reuters
The Seattle Times  
Teva to pay $1.2 billion in generic drug settlement
WASHINGTON (AP) - Federal regulators announced Thursday that Teva Pharmaceuticals Industries will pay $1.2 billion to settle charges that one of its subsidiaries illegally blocked the launch of low-cost generic versions of the blockbuster sleeping pill ...
Teva settles Cephalon case with FTC for $1.2 billion over sleep drug  Boston Globe (subscription)
With A $1.2 Billion Hammer, The FTC Closes Loophole To Prevent Generic Drugs  Forbes
Libya Seconds OPEC Output Target as Ministers Head to Vienna
OPEC will maintain its production target next week, Libya's deputy vice prime minister said, joining Kuwait in predicting no policy change when oil ministers from the 12-member group meet in Vienna.
Oil gains 1 percent as US inventories drop for fourth week  Reuters
Oil gains 1% as US inventories drop for 4th week  Moneycontrol.com
Richard Fuld Has No Regrets over Lehman Brothers' Resounding Collapse
Lehman Brothers Holdings' filing for bankruptcy protection in 2008, which was the by far the largest in the country, is believed to have played a critical role in the recent financial crisis.
Lehman's Fuld Says It Wasn't His Fault  Wall Street Journal
Breaking Silence, Richard Fuld Speaks on Love, Putin and 'Rocky'  New York Times
GDP report expected to show economy shrank
WASHINGTON - Another first quarter of the year. Another reversal for the U.S. economy . Another expectation of a rebound to come. On Friday, the government will likely estimate that the economy shrank in the January-March quarter for a second straight ...
US Economy Likely Shrank in 1st Quarter but Rebound Expected  ABC News
US economy likely shrank in first quarter, but fundamentals strong  Channel News Asia
Shanghai Composite: China's wild swinging market
China's two main markets are turning over seven times more than the combined value of trading on the New York Stock Exchange and Nasdaq Exchange.
China Selloff Sends Most Stocks Limit-Down Since 2008 Crisis  Bloomberg
MarketsAfter the Shanghai plunge: volatility  Financial Times
Equinix to Buy Telecity for $3.6 Billion, Scuttling Dutch Deal
Equinix Inc., a U.S.-based data-center operator, agreed to buy Telecity Group Plc for 2.35 billion pounds ($3.6 billion), expanding in Europe and scuttling the U.K.
Equinix to Buy Telecity for �2.35bn  Financial Times
Equinix agrees to buy Telecity Group for 2.35 bln pounds  Reuters
Path sells its social-networking app to Duam Kakao
Privacy-focused social network for mobile devices eschewed advertising but failed to gain traction beyond tech circles. by Steven Musil · @stevenmusil; 29 May 2015 6:06 am BST.
Daum Kakao to Buy Path's Social Media Services  Nasdaq
Path sells to South Korean Internet company Daum Kakao  Mashable
Intel Reportedly Nears Deal To Buy Altera For About $15 Bln
Chip maker Intel Corp. (INTC) is close to a deal to buy programmable chip maker Altera Corp. (ALTR) for about $15 billion, the New York Post reported.
Intel nears $15 billion deal to buy Altera: NY Post  Reuters UK
Intel is nearing a $15 billion deal to buy a smaller chip maker  Business Insider Australia
IRS data breach is intolerable — and the woes only seem to be worsening
The IRS announced that more than 100,000 tax filers had their electronically filed income tax returns stolen by cyber thieves this year.
Grassley Seeks IRS Answers in Computer Breach Affecting 104000 Taxpayers  KIOW
Fighting For Your Identity- What you need to know about IRS data breach  Alabama's News Leader