Business Headlines

Unique Google Patent Involves Tracking Toy

Posted: 05/28/2015 - Google has been granted a patent for an internet-connected toy device that would have the ability to control gadgets and devices in the home.

Burglars Share Tips of the Trade

Updated: 05/27/2015 - Police looking to educate the public about ways to prevent break-ins turned to the experts — a trio of convicted burglars.

Kohl's Testing Spinoff Discount Outlet

Posted: 05/26/2015 - Shoppers who like to shop at department store outlets such as Nordstrom Rack and Saks Off Fifth could soon have yet another choice.

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

    Man passes Broadcom's Asia operations headquarters office at an industrial park in SingaporeAvago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the biggest chip industry deal ever, creating a company that will be able to supply chips used in everything from iPhones to servers used in data centers. Avago, a maker of chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. The deal represents a premium of about 28 percent, according to Reuters calculations based on Broadcom's market value of $28.85 billion as of Tuesday's close, the day before the Wall Street Journal reported that the companies were in talks.

  • U.S. housing data, sturdy jobs market buoy growth outlook

    Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New JerseyContracts 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 and the overall economy. While other data on Thursday showed an unexpected increase in new applications for unemployment benefits, filings remained at levels consistent with a tightening labor market. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, increased 3.4 percent to 112.4, the highest level since May 2006.

  • Wall Street lower as Greece, China weighs

    Traders work shortly after the opening bell on the floor of the New York Stock Exchange"We still think September is the best time for a rate hike, but the pace is going to be slow and methodical," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. Wednesday was the strongest day for the S&P 500 since May 14 and the Nasdaq Composite's strongest since late January, lifting it to its first record close since April 24. At 11:47 a.m. EDT (1547 GMT) the Dow Jones industrial average was down 63.83 points, or 0.35 percent, at 18,099.16, the S&P 500 was down 7.06 points, or 0.33 percent, at 2,116.42 and the Nasdaq Composite was down 16.47 points, or 0.32 percent, at 5,090.13.

  • Fed's Bullard: low rate vow is 'not helpful,' GDP targeting is

    The Federal Reserve Bank of St. Louis seal is seenInstead, the best way to spur growth amid a severe economic downturn is to engineer temporarily higher inflation, according to the paper by St. Louis Fed President James Bullard. "In the framework presented here the forward guidance policy - promising to remain at the zero lower bound beyond the time that the zero lower bound is actually constraining - is not helpful," Bullard wrote with his co-authors, Washington University's Costas Azariadis, University of Sydney's Aarti Singh and Narodowy Bank Polski's Jacek Suda.

  • U.S. reaches deals with four more banks under Swiss program

    People walk past a Societe Generale bank branch in ParisWASHINGTON/NEW YORK (Reuters) - Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday.

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