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.
(Reuters) - Intel Corp (INTC.O) is in talks to buy fellow chipmaker Altera Corp (ALTR.O) in a deal that would likely top $10 billion, marking the latest merger in the semiconductor business, the Wall Street Journal reported on Friday.
An employee holds a new BlackBerry Ltd. Leap smartphone for an arranged photograph at the Mobile World Congress in Barcelona. Photographer: Pau Barrena/Bloomberg.
U.S. consumers' confidence in the economy and their own financial prospects fell by less than expected in March, the University of Michigan said Friday.