Business News Headlines

China stocks halt plunge, Asia wary but advances

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TOKYO - Asian shares rose on Friday as Chinese shares edged back from the previous day's dizzying plunge, though regional investors remained fearful that the world's best performing equity market was at the beginning of a major correction.

1:30am EDT

U.S. economy likely shrank in first quarter, but fundamentals strong

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WASHINGTON - The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.

1:13am EDT

Intel nears $15 billion deal to buy Altera: NY Post

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- Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported.

Deals, Tech 1:11am EDT

Thu, May 28 2015

Japan's Skymark to seek revival plan approval despite creditor opposition: sources

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TOKYO - Failed Japanese budget carrier Skymark Airlines Inc will seek court approval on Friday for a revival plan despite opposition from creditors Airbus Group and Intrepid Aviation Ltd , two people familiar with the matter said.

Airbus debates new A320 output hike, suffers test glitch

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TOULOUSE - Airbus is leaning toward a new hike in production of its A320 jet, raising the stakes in a battle with Boeing to translate record orders into tangible deliveries, but has yet to decide on the risks of handling unprecedented volumes.

28 May 2015

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

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- Avago Technologies Ltd agreed on Thursday to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. | Video

Deals, Tech 28 May 2015

Factbox: Notable U.S. semiconductor M&A deals since December 2013

- Avago Technologies Ltd on Thursday 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 one of the biggest industry players.

Tech, Deals 28 May 2015

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

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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.

28 May 2015

Greek drama weighs on sentiment; yen off, euro up

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NEW YORK - The euro rose on Thursday as Greece fought to reach an agreement with its lenders to avoid an imminent default, but mixed signals on the state of the negotiations kept other markets little changed.

28 May 2015

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

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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. | Video

28 May 2015
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Santorum says ‘sickened’ by molestation in TV’s Duggar family

Republican presidential hopeful Rick Santorum said he was "sickened" by revelations of molestation by the eldest son of the Duggars, the Christian family that features in television hit "19 Kids and Counting" and helped the conservative in his last campaign.