Business News

Europe Looking Better

The April Durable Goods report was up 1% when you back out defense and auto spending. The March number was revised up to a 4.7% gain. (Fox Business News)

Time Warner Cable is for sale again.  This time it is Charter Communications agreeing to buy Time Warner Cable for $195 a share in cash and stock, or $78.7 billion. Unlike in Comcast's attempt to purchase TWC, there's a $2 billion breakup fee. (CNBC)

Amazon has changed its European tax practices amid regulatory investigations by EU regulators, according to the Wall Street Journal. The company is now booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg.

The dollar is getting stronger again against a basket of currencies today, extending gains since a round of improved inflation data Friday and driving the euro to around $1.09 for the first time in a month. (Reuters)

Cross marketing is alive and well. Samsung launched Marvel a limited edition Iron Man Galaxy S6 Edge today, in the company's latest push to promote its curved screen smartphone. (CNBC)

Stocks in Asia are largely higher overnight, with markets in China and Japan taking the lead with new multi-year highs. (CNBC)
 

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