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U.S. markets news

US economy contracts in first quarter; dollar hits corporate profits
WASHINGTON The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity has rebounded modestly.
Another first-quarter shocker: US GDP falls 0.7%  MarketWatch
U.S. Economy Contracted 0.7% In First Quarter 2015  Forbes
Toledo Blade  
Wall Street lower after GDP data shows contraction
U.S. stocks were lower in morning trading on Friday after data showed the economy shrunk in the first quarter and corporate profits declined the most in a year.
US stocks open lower after GDP data  MarketWatch
US Stocks Open Slightly Lower  Wall Street Journal
Teva Settles Provigil Drug Delay Charge with FTC for $1.2B
Teva Pharmaceutical Industries Limited (TEVA - Analyst Report) has been asked by the Federal Trade Commission (FTC) to pay $1.2 billion to settle all antitrust charges leveled against its Cephalon unit for illegally delaying the launch of generic versions of ...
Teva To Pay $1.2B In Drug-Delay Settlement  Manufacturing Business Technology
Teva to pay record $1.2B settlement in Provigil case  BioPharma Dive
Broadcom's Nicholas: 'We just got stronger'
Broadcom Corp. co-founder Henry T. Nicholas III had at least two things to celebrate Thursday -- the sale of his company for $37 billion to a rival chipmaker, and his son Matthew's high school volleyball team playing in the CIF regional semifinals.
Avago Buying Broadcom in Latest Chip Industry Deal  eWeek
Avago Q2 Earnings Beat, Announces Broadcom Acquisition  Zacks.com
Consumer sentiment drops to six-month low in May
WASHINGTON (MarketWatch) - In a negative sign for an economy that contracted in the first quarter, data released Friday showed that consumer sentiment dropped in May to a six-month low.
Consumer sentiment beats expectations in May  CNBC
Chicago PMI Drops to 46.2 in May from 52.3 in April  Bond Buyer
Cleanup of oily goo could allow California beaches to reopen
MANHATTAN BEACH, Calif. (AP) - A 7-mile stretch of Southern California coastline that was closed to swimmers and surfers after globs of oily goo washed ashore could reopen Friday after a two-day cleanup effort.
South Bay beaches could reopen today after tar-ball cleanup  The Daily Breeze
California beaches could reopen after cleanup of oily goo  GoDanRiver.com
As EPA unveils ethanol quotas, niche RINs market revives
NEW YORK The long-delayed release of U.S. biofuel blending quotas is injecting renewed life into the niche market for ethanol credits, once the world's hottest commodity.
EPA proposes lowering amount of ethanol in gas  Washington Post
EPA Said to Cut Mandates for Corn Ethanol for This Year and Next  Bloomberg
Altera Shares Climb on Report That an Intel Deal Is Near
Altera Corp. shares rose in German trading after the New York Post reported that Intel Corp. is near a deal to buy the semiconductor manufacturer for about $15 billion.
Intel's $15B deal for chipmaker Altera heats back up  CNET
Stocks Open Lower as GDP Revised Down, Intel Looks to Buy Altera  TheStreet.com
Lasers Pointed At Planes Flying Over Long Island
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island.
Four commercial airliners 'targeted' by green lasers  New York Post
FAA says green laser pointed at four planes over Long Island  Fox News
Vatican Financial Watchdog Registers 147 Suspicious Transactions in 2014
VATICAN CITY—The Vatican's financial watchdog registered 147 suspicious transactions in 2014, down by more than a quarter from the previous year, reflecting progress by the Holy See in detecting and preventing financial crime, officials said Friday.
Financial regulator says Vatican bank needs more reform  Reuters Blogs (blog)
The Vatican's anti-money laundering efforts are working  Business Insider