Avago Agrees to Buy Broadcom for $37 Billion -- 3rd Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Dana Mattioli, Dana Cimilluca and Shayndi Raice Chip maker Avago Technologies Ltd. agreed to buy rival Broadcom Corp. for $37 billion in cash and stock, the latest in a wave of deals for the companies that supply parts to ...

U.S. Government Bonds Weaken Ahead of Auction

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Min Zeng U.S. Treasury bonds pulled back Thursday ahead of a seven-year note auction. The $29 billion sale is due at 1 p.m. EDT Thursday, the last leg of this week's new debt offerings. In recent trading, the yield ...

Libor Accused Received Help from Boss, Evidence Shows

TODAY: May 28, 2015 PUB DATE: May 28, 2015

LONDON—The man accused of being the ringleader of a global interest-rate-rigging conspiracy received a helping hand from his boss, according to evidence presented in a London trial Thursday. Tom Hayes, a former UBS AG trader in Tokyo, got multiple assists ...

Eurozone Businesses More Upbeat Despite Greek Deadlock

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Eurozone businesses grew more optimistic about their prospects in May, an indication that they may increase investment despite the continued deadlock in negotiations between Greece and its creditors that has raised fresh questions about the coherence of the currency area. ...

J&J Accepts Cardinal Health Offer for Heart Business

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Chelsey Dulaney Johnson & Johnson said Thursday that it has formally accepted Cardinal Health Inc.'s March offer to buy its heart-product business for about $1.94 billion in cash. J&J; said it accepted the offer after consulting with work councils ...

Correction to Avago-Broadcom Story

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Chip maker Avago Technologies Ltd. agreed to buy rival Broadcom Corp. A story at 7:08 a.m. EDT reversed the buyer and target in the headline. Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones Newswires May 28, 2015 07:27 ET (11:27 GMT) ...

MARKET SNAPSHOT: U.S. Stock Decline; Nasdaq Retreats From Record Level

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Anora Mahmudova and Sara Sjolin, MarketWatch Dollar climbs to 12-year high against yen U.S. stocks were trading lower early on Thursday as investors grappled with comments from Federal Reserve officials about the possibility of raising interest rates this year. ...

Court Rejects Apple's Bid to Shake Off Monitor

TODAY: May 28, 2015 PUB DATE: May 28, 2015

A federal appeals court has rejected Apple Inc.'s efforts to rid itself of a corporate monitor appointed in the wake of a judge's finding the company liable for conspiring to raise the price of e-books. Michael Bromwich, a former Justice ...

Fed Faults Discover Financial for Anti-Money-Laundering Flaws -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Ryan Tracy WASHINGTON--The Federal Reserve on Thursday faulted Discover Financial Services for deficiencies in its anti-money-laundering program, issuing an enforcement action requiring the bank to step up compliance. The Fed action didn't include monetary penalties against the Riverwoods, Ill.-based ...

MARKET SNAPSHOT: U.S. Stock Decline; Nasdaq Retreats From Record Level

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Anora Mahmudova and Sara Sjolin, MarketWatch Dollar climbs to 12-year high against yen U.S. stocks were trading lower early on Thursday as investors grappled with comments from Federal Reserve officials about the possibility of raising interest rates this year. ...

Correction to Costco Earnings Article on Wednesday

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Costco's exclusive partnership with American Express ends March 31, 2016. "Costco Wholesale Posts Higher Profit, Revenue" at 9:18 p.m. ET on May 27 misstated when the partnership ends. (END) Dow Jones Newswires May 28, 2015 13:32 ET (17:32 GMT) Copyright ...

Google, Yahoo, Twitter Have Had Talks to Buy Flipboard--Update

TODAY: May 28, 2015 PUB DATE: May 27, 2015

By Yoree Koh And Douglas MacMillan Several Internet giants have inquired about buying Flipboard Inc., maker of a newsreader app that has recently signaled it is open to acquisition discussions, according to people familiar with the matter. In recent weeks, ...

Deal Reunites Charter Chief With Time Warner Cable

TODAY: May 28, 2015 PUB DATE: May 27, 2015

By Joe Flint Two years ago, Charter Communications Inc. Chief Executive Tom Rutledge predicted that the cable business would soon be down to two big players. Now, he's in line to run one of them. Mr. Rutledge will be the ...

Oil Marginally Higher but Strong Dollar Weighs

TODAY: May 28, 2015 PUB DATE: May 27, 2015

By Eric Yep Oil prices were marginally higher in Asian trade Wednesday, attempting a rebound after sharp losses of nearly 3% in the previous session on the back of a strong U.S. dollar. On the New York Mercantile Exchange, light, ...

Universal Studios Japan Plans Tokyo Listing

TODAY: May 28, 2015 PUB DATE: May 27, 2015

HONG KONG—The operator of the Universal Studios Japan theme park in Osaka plans to list on the Tokyo Stock Exchange as early as September, a person with knowledge of the deal said. USJ Co. has a current valuation of around ...

Altice Not Ready for TWC Merger

TODAY: May 28, 2015 PUB DATE: May 27, 2015

By Ruth Bender PARIS-- Altice SA wasn't ready to launch itself into a merger with Time Warner Cable Inc., Executive Chairman Patrick Drahi said at a hearing before French lawmakers Wednesday. "I didn't respond to the rumors in the press ...

Vox Media to Acquire Tech Website Re/code

TODAY: May 28, 2015 PUB DATE: May 27, 2015

Vox Media said Tuesday it is acquiring Revere Digital, parent company of the technology news website and conference business Re/code. Re/code will continue as its own entity under the Vox Media umbrella, which encompasses seven other news sites that focus ...

Malaysia April Inflation Within Expectations, Central Bank Says

TODAY: May 28, 2015 PUB DATE: May 27, 2015

By Jason Ng KUALA LUMPUR, Malaysia--Malaysia's central bank chief said Wednesday the higher rate of inflation for April was within its expectations and that it is likely stay around 2% for the rest of the year. The consumer-price index--the country's ...

IAG Expects Near-Term Boost From Aer Lingus

TODAY: May 28, 2015 PUB DATE: May 27, 2015

LONDON—British Airways parent International Consolidated Airlines Group S.A. expects the purchase of Aer Lingus PLC to boost earnings soon after the deal closes and that the Irish carrier would meet group-wide earnings targets. Aer Lingus would be earnings accretive in ...