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Avago Technologies to Acquire Broadcom for $37 Billion
SINGAPORE and IRVINE, Calif., May 28, 2015 (GLOBE NEWSWIRE) -- Avago Technologies Limited (Nasdaq:AVGO) and Broadcom Corporation (Nasdaq:BRCM) today announced that they have entered into a definitive agreement under which Avago will ...
Biggest ever chip deal: Avago to buy Broadcom for US$37bil  The Star Online
Broadcom sold to rival for $37 billion in biggest tech deal ever  OCRegister
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)
Oil gains 1 percent on US inventory drop
LONDON Crude oil prices rose around 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar.
Oil Prices Rise Ahead of Next Week's OPEC Meeting  Wall Street Journal
Oil extends gains, investors eye next week's OPEC meeting  MarketWatch
Swiss economy unexpectedly shrinks as franc stymies exports
Switzerland's economy shrank the most since the financial crisis as the strong franc took its toll on exports. Gross domestic product fell 0.2pc in the first quarter, after a revised growth of 0.5pc in the previous three months, the State Secretariat for Economic ...
Switzerland's Economy Shrinks, Squeezed by Strong Swiss Franc  Wall Street Journal
Swiss economy contracts on franc rise  Deutsche Welle
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, but a rebound is expected  Omaha World-Herald
US economy likely shrank in 1st quarter  KTVL
Ex-Lehman Boss Has 'No Regrets' Over Collapse
Richard Fuld, who was head of Lehman Brothers when it went bankrupt in 2008, says a "perfect storm" caused the financial crisis.
Lehman's Fuld Says It Wasn't His Fault  Wall Street Journal
Richard Fuld Has No Regrets over Lehman Brothers' Resounding Collapse  Trinity News Daily
Hanergy Relied on Chinese Backing in Solar Firm's Meteoric Rise
Hanergy Thin Film Power Group Ltd., the Chinese solar maker under probe by Hong Kong regulators, rode a wave of government subsidies and support as it grew from a bit player into the world's largest solar company by market value.
Chinese billionaire cracked joke as his stock crashed  CNN
Hanergy Investors Wait to Cross Suspension Bridge  Wall Street Journal
Fiat Chrysler Boss Sure of a New Auto Merger by 2018
Now in his second decade at the helm of Fiat Chrysler, Sergio Marchionne predicted a major auto merger, though he declined to say which brands would come together.
Fiat boss tight-lipped on GM tie-up reports  Irish Independent
UPDATE 2-Fiat Chrysler CEO predicts another industry merger "by 2018"  Reuters
Daum Kakao to Buy Path's Social Media Services
SEOUL--In a sign that the battle for control of mobile messaging is heating up, the operator of South Korea's dominant messaging app said Friday that it would acquire two of San Francisco-based Path Inc.'s services for an undisclosed amount.
Daum Kakao revives Southeast Asia push with Path app acquisition  Financial Times
Path Didn't Sell Its 'Places' Business Messaging Service To Daum ...  TechCrunch
Intel nears $15 bln deal to buy Altera - NY Post
May 29 Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York ...
Intel close to $15B Altera tie-up: Report  CNBC
Intel said to be nearing $15bn deal to buy Altera  Irish Independent