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U.S. markets news

Drugmaker to pay for delay
WASHINGTON - 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 drug Provigil, which ...
With A $1.2 Billion Hammer, The FTC Closes Loophole To Prevent Generic Drugs  Forbes
Teva to pay $1.2B to settle pay-to-delay deals (TEVA)  Seeking Alpha
New York Times  
Oil gains 1 percent as US inventories drop for fourth week
SINGAPORE Crude futures rose around 1 percent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar.
Oil edges up after US report  Independent Online
Soaring tanker rates show oil supply glut persists  Seeking Alpha
China stocks open mixed after sharp selloff
SHANGHAI May 29 China stocks opened mixed on Friday after a sharp plunge on Thursday, when benchmark indexes dropped over 6 percent in record high turnover on concerns over margin finance and liquidity.
Asian Stocks Advance to Pare First Monthly Decline This Year  Bloomberg
China markets plunge in record turnover as margin traders take fright | Reuters  Firstpost
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
Breaking Silence, Richard Fuld Speaks on Love, Putin and 'Rocky'  New York Times
US Economy Likely Shrank in 1st Quarter but Rebound Expected
A brutal winter, plunging investment by energy companies and a widening trade gap likely combined to shrink the U.S. economy at the start of the year.
Economists not alarmed by first-quarter growth rate  Rocky Mount Telegram
Why shrinking economy isn't a cause for fear  Salt Lake Tribune
Wall St. inches down on Greece, China worries
U.S. stocks eased on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules.
Stocks slip amid worries for Greece  Irish Examiner
US stocks retreat on renewed Greece concerns  Xinhua
Avago Acquires Broadcom Corporation For $37 Billion
Today Avago Technologies announced their acquisition of Broadcom for 17 billion dollars in cash and 20 billion dollars worth of Avago shares.
Merger engine roaring, fueled by record size of deals  The Seattle Times
Avago Dives Deep With Broadcom  Wall Street Journal
Port Authority Picks Group to Remake La Guardia Airport
The first step toward turning La Guardia Airport into a travel hub fit for the 21st century was belatedly set in motion on Thursday afternoon.
Team Selected for La Guardia Redevelopment  Wall Street Journal
Airport workers upset LGA renovation plan moves forward while promised ...  New York Daily News
Intel nears $15 billion deal to buy Altera: NY Post
Intel Corp (INTC.O) is close to a deal to buy smaller chip maker Altera Corp (ALTR.O) for about $15 billion, the New York Post reported.
Intel Should Buy Altera And Then You Should Buy Intel  Seeking Alpha
Japan Consumption Disappoints as Inflation Slips to Zero
TOKYO—Japanese data released Friday showed the paradox hampering Prime Minister Shinzo Abe's economic revival plan—while the labor market and manufacturing output are improving, consumer spending remains stubbornly weak.
Japan posts reduced household spending amid inflation and lacklustre factory ...  Economic Times
Japan Limps Into 2nd Quarter as Inflation Stops, Spending Falls  Bloomberg