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U.S. markets news

Chipmaker Avago to buy rival for $37B
NEW YORK -- Avago Technologies is buying rival chipmaker Broadcom in a cash and stock deal worth about $37 billion, expanding its lineup of products for the growing wireless-device market at a time when sales growth has otherwise been tough to come ...
What you need to know about Avago-Broadcom merger  Omaha World-Herald
Biggest ever chip deal: Avago to buy Broadcom for US$37bil  The Star Online
Reuters  
Teva Settles case with FTC for $1.2 Billion in Cephalon Antitrust Business
Teva Pharmaceuticals has settled for an agreement with the U.S Federal Trade Commission to pay a large amount of money on behalf on consumers, as a consequence to law violation.
Teva to pay $1.2 billion in generic drug settlement  Omaha World-Herald
Teva settles Cephalon case with FTC for $1.2 billion over sleep drug  Boston Globe (subscription)
US economy likely shrank in first quarter, but fundamentals strong
WASHINGTON The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.
US economy likely shrank in 1st quarter  WICS-TV
Why a shrinking US economy last quarter isn't cause for fear  The Seattle Times
Swiss GDP Contracted in First Quarter as Franc Stymies Exports
Switzerland's economy shrank the most in six years as the strong franc took its toll on exports. Gross domestic product fell 0.2 percent in the first quarter, after a revised growth of 0.5 percent in the previous three months, the State Secretariat for Economic ...
Switzerland's Economy Shrinks, Squeezed by Strong Swiss Franc  Wall Street Journal
Swiss economy shrinks 0.2% as exchange rate swing excoriates exports  Expatica Switzerland
China's yuan and euro strengthen, but yen stays weak
China's onshore yuan strengthened to a one-week high at 6.2019 against the US dollar at 11:30 am on Friday as traders said a correction in the mainland stock market and a recovery in the euro has hurt the US dollar.
US stocks dip on worries about Greece  Channel News Asia
US STOCKS-Wall St set to open lower amid worries about Greece  Reuters
Oil Prices Rise Ahead of Next Week's OPEC Meeting
LONDON—Oil prices extended their gains on Friday, helped by a decline in U.S. oil inventories as investors turn their attention to next week's OPEC meeting.
Opinion: US oil producers are back in the money, but OPEC is not  MarketWatch
Oil gains 1 percent on US inventory drop  Channel News Asia
Alibaba courts more China bad debt managers for online auctions
HANGZHOU, China/BEIJING Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce ...
China Huarong rejects reports of $200 million loan to Hanergy  Economic Times
Hanergy Relied on Chinese Backing in Solar Firm's Meteoric Rise  Bloomberg
Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt'
NEW YORK Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr.
Ex-Lehman CEO Dick Fuld: At least my mom still loves me  CNNMoney
Ex-Lehman Boss Has 'No Regrets' Over Collapse  Sky News
Not even the FCC can get excited about Charter's buyout of Time Warner Cable
Just one month after being jilted by Comcast, Time Warner is planning a new trip down the merger aisle with Charter Communications.
Cable-TV and Internet subscribers remain unhappy customers, new Consumer ...  ConsumerReports.org
Why You Should Walk Away From The Charter Communications - Time Warner ...  Seeking Alpha
Six Reasons Why You're Missing Out on Free Money for College
Despite being promoted for more than a decade as the best way to save for college, 529 plans are a mystery to almost two-thirds of American families.
A day to celebrate - and learn about - 529s  Philly.com
Here's what you need to know about two of the most common college ...  MarketWatch