TOP STORIES 
 
CABLE GIANT FORMING AFTER $55 BILLION DEAL 

Charter Communications agreed to buy Time Warner Cable for $55 billion, giving cable mogul John Malone the prize he has been chasing for two years.

DURABLE ORDERS SLIP, BUT BUSINESS SPENDING FIRMS UP 

Demand for big-ticket manufactured goods fell last month, but underlying figures suggest business investment is slowly starting to pick up.

HOME PRICES CONTINUE TO CLIMB 

Home prices continued their unremitting climb in March, underscoring concerns of some economists over whether the strong price gains are sustainable.

U.S. NEW-HOME SALES CLIMB 6.8% IN APRIL 

Sales of newly built homes rebounded in April, a sign the housing market may be slowly warming up.

EMC TO ACQUIRE VIRTUSTREAM FOR $1.2 BILLION 

EMC reached a deal to acquire privately held Virtustream for $1.2 billion, a move that may suggest a corporate breakup isn't looming.

DOLLAR JUMPS AGAINST YEN, EURO 

The dollar hits a high of nearly eight years against the yen, as investors returning from a long weekend in Europe bet on the greenback.

U.S. STOCKS OPEN SHARPLY LOWER 

U.S. stocks slipped Tuesday following disappointing data on big-ticket spending in the U.S., underscoring investor unease with the recent pace of economic growth.

MEDTRONIC ON HUNT FOR DEALS IN CHINA 

Medtronic is broadening the number of low-cost medical devices it sells in China and is looking for deals there, the company's chief executive said.

GREECE'S GOVERNING LEFT DIVIDED OVER DEBT TERMS 

A faction of Syriza says it favors default and an exit from the eurozone over swallowing cuts to pensions and other measures creditors are demanding.

IMF SAYS YUAN NO LONGER UNDERVALUED 

China's currency is no longer undervalued, a senior official at the International Monetary Fund said.

 
 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Politics and Policy 
CONGRESSIONAL INACTION THREATENS NSA SPY PROGRAM 
 

The National Security Agency's surveillance efforts lurched onto an uncertain new path after lawmakers left town for a Memorial Day recess without agreeing on how to modify a program that sweeps up telephone records from millions of Americans.

 
Economics Blog 
GRAND CENTRAL: FED CONFRONTS AN ECONOMY PLAGUED BY MISMEASUREMENT 
 

The Wall Street Journal's Daily Report on Global Central Banks for Tuesday, May 26, 2015. Amid growing uncertainty about how accurately the economy's performance is being measured, Jon Hilsenrath sees the Fed sticking more closely to the metrics at the core of its mandate: inflation and unemployment.