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.
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.
- Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported.
Thu, May 28 2015
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.
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.
- 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
- 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.
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.
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.
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
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.