U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
Charter Communications wants to buy both Time Warner Cable and Bright House Networks in a $67 billion deal. It will create an entity second in size to Comcast among the cable operators.
Bank of America must pay a $30 million fine after a financial regulator found numerous violations related to the accounts of 73,000 military service members.
A commercial airliner narrowly missed colliding midair with a drone at 2,700 feet as it neared New York's LaGuardia Airport Friday morning, just hours after a string of incidents involving lasers pointed at planes, according to federal officials.
Ed Gilligan, the American Express Co. president viewed as a possible successor to Chief Executive Officer Kenneth I. Chenault, died Friday after becoming ill on an overseas flight to New York.