2 The 0.7% annualized drop was not as steep as expected, but the weakness was broad-based. Business investment fell by the fastest since 2009, and trade subtracted the most from GDP since 1985.
... * U.S. first-quarter GDP shrinks at 0.7 pct annual rate. * Month-end buying supports Treasuries. * 30-, 10-year yields hit more than 3-week lows (Updates prices, adds comments).
U.S. stocks fell Friday as worries about Greece and its likelihood of securing a deal with its international creditors and data that showed continued weakness in the U.S.
SAN FRANCISCO - Intel is close to clinching a takeover of fellow chip maker Altera for more than $15 billion, a person briefed on the matter said on Friday, the latest sign of consolidation in the semiconductor industry.
3 The $55 bil cash/stock buyout would reward Time Warner Cable (NYSE:TWC) shareholders with a nearly 50% premium over what Charter Communications (NASDAQ:CHTR) offered in Jan., and is 20%-plus above Comcast's (NASDAQ:CMCSA) failed bid.