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U.S. markets news

Avago To Buy Broadcom For $37 Billion As Semiconductor Dealmaking Heats Up
Semiconductor Avago Technologies Avago Technologies has inked a deal to buy competitor Broadcom Broadcom for $37 billion in cash and stock, as chipmakers for computers, smartphones, and connected devices ranging from automobiles to industrial ...
Avago Technologies to pay $37 billion for chipmaker rival Broadcom  Los Angeles Times
Broadcom CEO McGregor Eligible for $67 Million Golden Parachute  Bloomberg
CNET  
Pending Sales of Existing Homes in U.S. Increased 3.4% in April
More Americans than forecast signed contracts to purchase previously owned U.S. homes in April, indicating a pickup in the housing market during the busy spring selling period.
Pending Home Sales Hit Highest Level in Nine Years  Wall Street Journal
Pending US home sales jump to strongest level in 9 years  Washington Post
Teva Settles Cephalon Case With FTC for $1.2 Billion Over Sleep Drug
The Federal Trade Commission announced on Thursday a record settlement of $1.2 billion with Teva Pharmaceuticals over charges that the drug maker Cephalon illegally blocked generic competition to its sleep-disorder drug Provigil.
Teva to Pay $1.2 Billion to Resolve FTC Pay-For-Delay Case  Bloomberg
US settles 'pay for delay' fight with drugmaker Cephalon  Reuters
McDonald's is changing the way it makes its burgers
McDonald's says it will be toasting its buns longer and changing the way it searing the beef for its burgers. (AP). McDonald's says it wants hotter buns.
McDonald's gets more secretive in turnaround  Christian Science Monitor
McDonald's: We're Changing The Way We Cook Burgers  Headlines & Global News
US Jobless Aid Applications Rose Last Week; Total Still Low
More Americans sought unemployment benefits last week, though the overall level remains low and points to a healthy job market. Weekly applications increased 7,000 to a seasonally adjusted 282,000, the Labor Department said Thursday.
Jobless claims climb a bit, reach five-week high  MSNBC
US Jobless Claims Rise to 282000  Wall Street Journal
U.S. Stocks Fluctuate After Nasdaq Record Amid Greece Concerns
U.S. stocks fell, after the Nasdaq Composite Index closed at a record, amid reignited concerns about a Greek debt deal and as data showed a stronger-than-expected gain in pending home sales.
US Stocks Open Lower on Heels of Weaker Asia, Europe Markets  Wall Street Journal
Wall Street Falls Amid Flurry of Corporate News  Fox Business
Stocks fall at the open; Chinese stocks tumble
Stocks fell at the open on Wall Street Thursday as global markets came under pressure with a deadline for a Greek debt payment looming and a sharp sell-off in Chinese stocks.
US stocks regain ground a day after a slump  Chron.com
Abercrombie Surges After Predicting Comeback at Hollister Chain
Abercrombie & Fitch Co., the teen-apparel company looking for a new chief executive officer, posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.
UPDATE 1-Abercrombie expects comparable sales to improve later this year  Reuters
Abercrombie & Fitch (ANF) Stock Gains Despite Wider Than Expected Loss  TheStreet.com
UPDATE 1-Amazon offers limited free shipping on same-day delivery orders
(Adds details on shipping deals offered by competitors, research results, background). By Nandita Bose. May 28 (Reuters) - Amazon.
Amazon Prime, now with free, same-day deliveries  CNET
Amazon to Offer Free Same-Day Delivery for Prime Members  DailyFinance
UPDATE 1-Teck to temporarily shut down production at Canadian operations
(Adds details on Q3 sales, previous full-year forecast, lower stripping costs, CEO quote). TORONTO May 28 (Reuters) - Teck Resources Ltd said on Thursday it will implement temporary shutdowns at its six Canadian steelmaking coal operations for about ...
Teck Responds to Steelmaking Coal Market Conditions  MarketWatch
Teck to temporarily shut down production at Canadian operations  The Globe and Mail