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U.S. markets news

Avago to buy Broadcom for $37 billion in biggest-ever chip deal
Avago Technologies Ltd (AVGO.O) agreed on Thursday to buy Broadcom Corp (BRCM.O) for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players.
What you need to know about Avago-Broadcom merger  Omaha World-Herald
Avago to buy Broadcom in $37-billion deal  Los Angeles Times
The Seattle Times  
Teva to pay $1.2 billion in generic drug settlement
WASHINGTON (AP) - 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 sleeping pill ...
Teva settles Cephalon case with FTC for $1.2 billion over sleep drug  Boston Globe (subscription)
With A $1.2 Billion Hammer, The FTC Closes Loophole To Prevent Generic Drugs  Forbes
Oil gains 1 percent as US inventories drop for 4th 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.
UPDATE 2-Oil gains 1 percent as US inventories drop for 4th week  Reuters UK
GDP report expected to show economy shrank
WASHINGTON - Another first quarter of the year. Another reversal for the U.S. economy . Another expectation of a rebound to come. On Friday, the government will likely estimate that the economy shrank in the January-March quarter for a second straight ...
US Economy Likely Shrank in 1st Quarter but Rebound Expected  ABC News
US economy likely shrank in first quarter, but fundamentals strong  Channel News Asia
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
Intel close to acquiring Altera in $15 billion deal: Report
BENGALURU: 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% premium over Altera's Thursday closing price of $46.97, the New York ...
Intel nears $15 billion deal to buy Altera: NY Post  Reuters UK
Intel is nearing a $15 billion deal to buy a smaller chip maker  Business Insider Australia
Path sells its social-networking app to Duam Kakao
Privacy-focused social network for mobile devices eschewed advertising but failed to gain traction beyond tech circles. by Steven Musil · @stevenmusil; 29 May 2015 6:06 am BST.
Daum Kakao to Buy Path's Social Media Services  Nasdaq
Path sells to South Korean Internet company Daum Kakao  Mashable
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.
BRIEF-Skanska wins part of replacement project at Laguardia Airport  Reuters
LaGuardia Airport set to begin first phase of US$3.6 billion redevelopment  MoodieReport
IRS data breach is intolerable — and the woes only seem to be worsening
The IRS announced that more than 100,000 tax filers had their electronically filed income tax returns stolen by cyber thieves this year.
Grassley Seeks IRS Answers in Computer Breach Affecting 104000 Taxpayers  KIOW
IRS Indifferent to Hacking Incident  FrontPage Magazine
JPMorgan Chase reportedly plans to slash 5000 jobs
The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m.
WSJ: JPMorgan Plans To Cut 5000 Jobs  RTT News
Seven things you may have missed Thursday from the world of business  Boston Globe (subscription)