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U.S. markets news

Avago Buys Broadcom For $37 Billion
The economy is doing well, and that means companies are spending money. Companies in the chip business are in fact businesses, and spending money to them means acquisitions and mergers.
Avago Dives Deep With Broadcom  Wall Street Journal
Avago to buy Broadcom in biggest tech deal ever  The Daily Star
Reuters  
Lehman's Fuld Says It Wasn't His Fault
In an appearance marking his return to the public eye, Richard Fuld Jr. insisted he doesn't want to play “woulda, coulda, shoulda” about the collapse of Lehman Brothers Holdings Inc. But the former chief executive, speaking Thursday to a crowd of more than ...
Ex-Lehman boss to launch stock exchange this summer  USA TODAY
Richard Fuld Breaks His Silence Since Lehman's Collapse  New York Times
Teva Settles Cephalon Generics Case With FTC for $1.2 Billion
The pharmaceutical company Cephalon had a cash cow on its hands. In the United States alone, its prescription drug Provigil, which treats sleep disorders, generated over $475 million in sales in 2005, then almost double that in 2007.
Drugmaker to pay $1.2 billion to settle “Pay for Delay” lawsuit  PBS NewsHour
Teva to pay $1.2bn over monopoly protection  The Times (subscription)
Amazon Plans to Add Its Own Line of Food
Following the playbook of countless retailers, Amazon.com Inc. AMZN -1.12 % is preparing to broadly expand its fledgling lineup of private-label brands to include an array of grocery items such as milk, cereal, and baby food as well as household cleaners, ...
Amazon reportedly plans to offer its own line of groceries  CNET
You May Soon Be Able to Buy Amazon-Branded Milk, Cereal and Baby Food  TIME
How the Dow Jones industrial average fared on Thursday
U.S. stocks are ending modestly lower following a sell-off in the Chinese market and concerns about an approaching deadline for Greece to make a debt payment.
Wall Street inches down on Greece, China worries  Economic Times
Stocks Pare Losses as Crude Oil Settles Slightly Higher  TheStreet.com
US Homes Go Under Contract at Fastest Pace in 9 Years
In April, Americans signed contracts to buy homes at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.
Will Strong Pending Home Sales Propel Housing Stocks?  Investor's Business Daily
Why a jump in pending home sales may not mean more closings  MarketWatch
Developer picked for $3.6B terminal makeover at LaGuardia Airport
The Port Authority Thursday chose LaGuardia Gateway Partners, a consortium that includes construction and banking firms, to replace an aging terminal at LaGuardia Airport, ending months of delay.
Port Authority takes first steps to a build new LaGuardia Airport  NJ.com
After long delay, Port moves ahead with LaGuardia revamp  Capital New York
GoPro enters virtual reality market with 16-camera capture rig
The San Mateo, Calif., company may be the market leader in "action" cameras, but, as critics have pointed out, hardware is a competitive market, and a newcomer with a slightly better, slightly cheaper product could easily dethrone the company.
GoPro gets real ... virtually real  Helena Independent Record
Biz Break: GoPro soars as virtual reality, drone plans are confirmed  San Jose Mercury News
Amazon offers free same-day delivery to Prime members
In another blow to brick-and-mortar stores, Amazon.com is offering free same-day delivery for Prime members in 14 metropolitan areas.
Free Same-Day Delivery Is Amazon's Gambit to Own All Retail  Wired
Amazon Prime to offer free same-day delivery in Indy  Indianapolis Star
JPMorgan to lay off 5000 employees across firm: WSJ
NEW YORK - JPMorgan Chase & Co. will cut about 5,000 jobs over the next year, as the bank closes branches and slims down its operations, The Wall Street Journal reported Thursday, citing anonymous sources.
JPMorgan Chase to Lay Off 2% of Workforce Amid Cost Cuts  TheStreet.com
JPMorgan Chase to cut 5000 jobs: Reports  Economic Times