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.
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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.