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U.S. markets news

US economy contracts in first quarter; dollar hurts corporate profits
WASHINGTON The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
Economy in U.S. Shrinks for Third Time Since Expansion Began  Bloomberg
GDP Surprises -- Economy Contracts More Than Expected  
Avago Technologies (AVGO) Stock Trading Up Following Price Target Hike
NEW YORK (TheStreet) -- Shares of Avago Technologies (AVGO - Get Report) were trading up 2.47% to $145.89 on heavy volume in late morning trading Friday, after analysts at Brean Capital upped their target for shares of the smartphone chip maker earlier ...
Avago Technologies Ltd : Price Targets Raised At Pacific Crest, Canaccord  Business Finance News
Avago Technologies Ltd Price Target Raised To $180 At Brean Capital, Pacific ...  Bidness ETC
US STOCKS-Wall St futures unchanged, set for lower open after GDP data
... * Q1 GDP data shows economy contracted. * Corporate earnings down 8.7 pct. * Altera up on report of Intel takeover interest. * Futures down: Dow 47 pts, S&P 5.5 pts, Nasdaq 14.25 pts (Adds quote, updates prices).
Stocks, bond yields fall on Greece, U.S. data  TODAYonline
Teva to pay record $1.2B settlement in Provigil case
Teva Pharmaceutical Industries will pay a record $1.2 billion settlement to the Federal Trade Commissionf or moving to stop competitors from entering the market for the sleep disorder drug.
Teva Settles Provigil Drug Delay Charge with FTC for $1.2B - Analyst Blog  Nasdaq
Teva To Pay $1.2B In Drug-Delay Settlement  Manufacturing Business Technology
Anheuser-Busch brewery shifts from beer production to can water for flood victims
An Anheuser-Busch brewery in Georgia has moved from producing cans of beer to churning out cans of water, which will be distributed to those affected by flooding in the Southwest.
Not beer! Anheuser-Busch cans water for Texas flood victims  USA TODAY
Anheuser-Busch canning drinking water for flood victims  CNNMoney
Consumer Sentiment in U.S. Decreased in May to Six-Month Low
Consumer confidence in the U.S. fell to a six-month low in May as Americans became less sanguine about the prospects for the economy.
US Consumers Remain Wary of Economy's Health, Survey Says  Wall Street Journal
US consumer sentiment drops in May  SCNow
EPA Relents on Ethanol Mandate With Overdue Renewables Quota
The U.S. Environmental Protection Agency on Friday proposed cutting quotas for the use of renewable fuels, lowering the mandate for corn ethanol this year and next from the 15 billion gallons set by law.
EPA proposes lowering requirements for ethanol in gas  Washington Post
EPA Proposes Three-Year Ethanol Rule  Nasdaq
Charter (CHTR) Banks on Future Takeover Deals, Debts High
On May 29, 2015, we issued an updated research report on Charter Communications, Inc. (CHTR - Analyst Report). Charter reported disappointing first-quarter 2015 financial results.
Post Charter-Time Warner Cable: M&A Bingo For Bankers?  Forbes
What Charter-Time Warner Cable deal could mean for you  Petoskey News-Review
UPDATE 2-Intel close to deal to buy Altera for $16 bln -sources
(Adds more sources, revises potential price of deal to $16 billion). By Greg Roumeliotis and Liana B. Baker. May 29 (Reuters) - Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, ...
Altera (ALTR) Stock Gaining on Reports Intel Deal is Close
Market-moving news and views, 24 hours a day  Financial Times
Snapchat Discloses $650 Million Private Placement
Snapchat Inc. disclosed it has offered to sell $650 million of stock in a private placement, an opportunity for the company and insiders to profit from the messaging company's popularity.
Snapchat has raised $537M of a $650M funding round  VatorNews
Facebook Rival Snapchat Raising More Money, Hints At IPO FB BABA  Investor's Business Daily