H-P Says Breakup Will Cost Billions 

Hewlett-Packard Co.'s upcoming breakup into two separate companies will cost billions-but there will be $1 billion in cost savings too, the company said Thursday.

 
Uber in Talks for $1 Billion Credit Facility With Banks 

Uber Technologies is seeking a $1 billion credit line from banks, people familiar with the matter said.

 
Vanguard Natural Resources to Buy Eagle Rock Energy Partners 

Vanguard Natural Resources LLC, a U.S. oil-and-gas producer, has agreed to acquire smaller rival Eagle Rock Energy Partners L.P. for $474 million plus debt, the two Houston-based companies said Thursday.

 
Bank of New York to Pay $180 Million to Settle Forex Suit 

Bank of New York said Thursday that it agreed to pay $180 million to settle a foreign exchange-related class-action lawsuit, resolving almost all of its currently pending forex-related actions.

 
CVS to Buy Omnicare for $10.4 Billion 

CVS Health agreed to buy pharmacy-services provider Omnicare for $10.4 billion, strengthening its role as a dispenser of expensive prescription drugs.

 
Gap Says Main Unit Has a Ways to Go 

Gap Inc. said improvements at its namesake unit might not be visible until next spring as it works through inventory ordered before new leadership was installed. The retailer said profit fell 8% in the latest quarter.

 
Intuit Results Top Guidance 

Intuit, the maker of TurboTax, reported revenue and earnings excluding items above its guidance for the April quarter, reflecting a strong tax season and growth in its small-business operations.

 
BlackBerry CEO's Compensation Falls 

BlackBerry CEO John Chen's compensation dropped significantly in fiscal 2015, largely because he didn't benefit from a grant of restricted shares that he had received in the prior year.

 
Marvell Technology Revenue Falls 24% 

Marvell Technology Group Ltd. posted a sharp decline in its profit for the quarter ended May 2 and said Chief Financial Officer Mike Rashkin will retire, effective Friday.

 
Best Buy Holds Steady as Consumer Electronics Sink 

Best Buy reported better-than-expected results for its first quarter, helped by strong sales of large-screen TVs, phones and appliances.

 
FTC Expected to Clear Reynolds-Lorillard Deal 

Tobacco companies Reynolds American and Lorillard are expected to receive antitrust clearance for their planned tie-up as soon as next week, according to people familiar with the deliberations.

 
Murray Energy to Lay Off Around 1,800 

Coal miner Murray Energy is set to announce layoffs of around 1,800 workers, dealing another blow to the coal-mining industry in Appalachia.

 
Lumber Liquidators CEO Resigns 

Lumber Liquidators CEO Robert Lynch resigned, adding further uncertainty to a company already dealing with questions about its Chinese-made flooring.