The U.S. economic growth slowed down in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations.
... * Dow to get $2 bln in cash, $2.2 bln in Olin stock. * Olin to assume $800 mln of pensions and other liabilities. * Dow shareholders will hold about 50.5 pct of Olin.
... * Intel in talks to buy Altera - WSJ. * Healthcare buoys indexes as biotechs bounce back. * Yellen says rate hike could be warranted later this year.
An employee holds a new BlackBerry Ltd. Leap smartphone for an arranged photograph at the Mobile World Congress in Barcelona. Photographer: Pau Barrena/Bloomberg.
(Bloomberg) -- Consumer confidence fell less than forecast in March, capping the best quarter since 2004 as the labor market stayed strong and gasoline prices leveled off.