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Avago to buy Broadcom for $37 billion in biggest-ever chip deal

- Avago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the largest chip industry deal ever, turning a lesser-known company run by a ferocious dealmaker into a rival to the biggest in the field. | Video

Recent Business News

No change in Greek debt talks after another day of spin

BRUSSELS - The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with international creditors.

3:59pm EDT

Abercrombie signals better year as Hollister sales improve

- Abercrombie & Fitch Co said its business was showing signs of recovery as sales of its Hollister-branded clothes improved, suggesting that recent efforts to revitalize the teen apparel retailer may be starting to pay off.

12:14pm EDT

U.S. pending home sales race to nine-year high in April

WASHINGTON - Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market.

12:08pm EDT

Citigroup CEO defends credit card deal with Costco

NEW YORK - Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders.

11:17am EDT

Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt'

NEW YORK - Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke.

3:34pm EDT

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