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U.S. markets news

US economy contracts in first quarter; dollar hurts 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 already has rebounded modestly.
US economy shrank in winter but staging a spring rebound
GDP Surprises -- Economy Contracts More Than Expected
Wall Street Is Expecting More Big Mergers in the Chip Space Soon
NEW YORK (TheStreet) -- In the wake of Avago's (AVGO - Get Report) announcement Thursday that it had reached a deal to acquire Broadcom (BRCM - Get Report) for $37 billion, Wall Street and tech analysts expect additional mergers in the semiconductor ...
Avago Technologies Ltd : Price Targets Raised At Pacific Crest, Canaccord  Business Finance News
Lansner: What does it mean for Orange County with Broadcom's sale to Avago?  OCRegister
Teva to pay record $1.2B settlement in Provigil case
Teva Pharmaceutical Industries will pay a record $1.2 billion settlement to the Federal Trade Commissionf or moving to stop competitors from entering the market for the sleep disorder drug.
Teva To Pay $1.2B In Drug-Delay Settlement  Manufacturing Business Technology
FTC's Drug Settlement a Win for the Lawyers  Bloomberg View
EPA Relents on Ethanol Mandate With Overdue Renewables Quota
The U.S. Environmental Protection Agency on Friday proposed cutting quotas for the use of renewable fuels, lowering the mandate for corn ethanol this year and next from the 15 billion gallons set by law.
EPA Proposes Three-Year Ethanol Rule  Nasdaq
EPA sets ethanol blending requirements  The Hill
Consumer Sentiment in U.S. Decreased in May to Six-Month Low
Consumer confidence in the U.S. fell to a six-month low in May as Americans became less sanguine about the prospects for the economy.
US Consumers Remain Wary of Economy's Health, Survey Says  Wall Street Journal
Consumer sentiment drops to six-month low in May  MarketWatch
Anheuser-Busch brewery shifts from beer production to can water for flood victims
An Anheuser-Busch brewery in Georgia has moved from producing cans of beer to churning out cans of water, which will be distributed to those affected by flooding in the Southwest.
Anheuser-Busch canning drinking water for flood victims  CNNMoney
Anheuser-Busch sending 50000 cans of water to flood and storm victims in ...  New York Daily News
Russian hackers behind $50 million IRS scheme, report says
The hackers used data stolen from the IRS to file fraudulent tax returns and received $50 million before they were caught, according to the report.
House Lawmakers Seek Info on IRS Computer Vulnerabilities  Wall Street Journal
The protections the IRS offered to identity theft victims fall short in one ...  Washington Post
Charter (CHTR) Banks on Future Takeover Deals, Debts High
On May 29, 2015, we issued an updated research report on Charter Communications, Inc. (CHTR - Analyst Report). Charter reported disappointing first-quarter 2015 financial results.
Post Charter-Time Warner Cable: M&A Bingo For Bankers?  Forbes
Netflix Inc. (NFLX) Influence Over Regulators A Growing Concern  LearnBonds
UPDATE 1-Intel close to deal to buy Altera for $15 bln -source
(New throughout, adds details and comments from person familiar with matter, updates share price). By Greg Roumeliotis. May 29 (Reuters) - Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition ...
Altera (ALTR) Stock Gaining on Reports Intel Deal is Close
Market-moving news and views, 24 hours a day  Financial Times
Snapchat Discloses $650 Million Private Placement
Snapchat Inc. disclosed it has offered to sell $650 million of stock in a private placement, an opportunity for the company and insiders to profit from the messaging company's popularity.
Snapchat has raised $537M of a $650M funding round  VatorNews
Facebook Rival Snapchat Raising More Money, Hints At IPO FB BABA  Investor's Business Daily