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U.S. markets news

Intel's purchase of Altera defends its datacenter dominance
BANGALORE/SEATTLE: Intel Corp's US$17 billion purchase of programmable chip maker Altera Corp is a costly defensive move to ward off rivals in the prized datacenter business it dominates, analysts said on Monday.
TSMC shares down on Intel-Altera deal, Q3 sales concerns  Focus Taiwan News Channel
Intel's deal to nowhere  The Australian Financial Review
Wall Street Journal  
Individual health plan costs on rise
Seventeen of 21 Michigan health insurers selling coverage at are requesting rate hikes, apparently in anticipation of a U.S.
Many health insurers go big with initial 2016 rate requests  The Elkhart Truth
Insurance companies request to raise some Obamacare premiums  WREX-TV
Dollar stands tall, Asian shares waver
TOKYO (Reuters) - The dollar tested a 12-1/2-year peak against the yen on Tuesday after a spate of mostly upbeat U.S. data reinforced expectations that the Federal Reserve would raise interest rates this year, while Asian shares were little changed.
Most Asian stocks rise with yen near 12-year low after US data  The Straits Times
125 yen to the dollar Yen hits 12.5-year low on Fed's liftoff outlook ...  Nikkei Asian Review
Economy is picking up despite stingy consumers
A batch of economic reports Monday showed that consumers were still pinching pennies even as the economy continued to emerge from a brutal winter.
Consumer spending stalls in the US  Irish Examiner
US consumer spending flat in April as income, savings rise  SFGate
Stocks edge up despite mixed data
Mixed economic data weighed on investor sentiment as stocks bounced back from losses earlier in the day. Investors cautious in a week studded with economic data, ending Friday with the key jobs report.
US Stocks Drift Higher Ahead of Big Data Week  Wall Street Journal
Wall Street edges up after recent losses, mixed data
Car loan terms hit record lengths
Washington - Longer-term loans represented a larger-than-ever portion of auto lending during the first three months of 2015, an influential research group reported Monday.
Car Sales Are Booming -- And You're Paying The Price  Forbes
Auto loan terms, leasing reaching new highs  Sacramento Bee
Ford Shortens Summer Shutdown to Meet Demand for SUVs, Pickups
Ford Motor Co. is shortening summer vacation for workers at 16 North American factories to meet growing demand for sport-utility vehicles and its new aluminum-bodied F-150 pickup.
Ford shortens summer shutdown to make more trucks, SUVs  Detroit Free Press
Ford to cut summer shutdown to 1 week at some plants  The Detroit News
Cable, Internet again lowest-scoring sectors in customer satisfaction index
A Time Warner Cable truck is parked in New York. Cable and Internet are once again the lowest scoring of all 43 consumer categories surveyed by the American Customer Satisfaction Index.
Bits | Customer Satisfaction With TV, Internet and Phone Service at 7-Year ...  New York Times (blog)
Americans Love to Hate Their Cable Providers, Especially When They Merge  Wall Street Journal (blog)
European Leaders Assemble for Urgent Meeting on Greek Crisis
ATHENS - As the Greek government faces a looming debt payment, top European leaders met in Berlin on Monday night to reach a consensus over what to do about Greece, signaling the urgent need to unlock emergency financing for the cash-starved ...
Greece steadfast against 'absurd debt proposals'  BDlive
Grexit 101: How Greece could drop out of the euro  CNN
Silver Lake in new bet on China internet
US private equity firm Silver Lake has placed another big bet on the booming Chinese consumer internet industry, leading a $500m convertible bond round in publicly traded online travel site Qunar.
Silver Lake leads $500 mln investment in travel site Qunar  Reuters
Qunar Rejects Ctrip, Takes On Silver Lake  Barron's (blog)