Top trades: Humana up for sale? Humana stock spiked 16 percent today, it's best day since 1993, after the WSJ reported the company was working with Goldman on a possible sale. Intel nears a deal for Altera. And the next big short.
Chevron pays reported $5M to family of Pennsylvania well fire victim HARRISBURG, Pa., May 29- Chevron Corp. has paid a reported $5 million to settle a lawsuit filed last year by the parents of a worker who was burnt to death in a gas well fire in western Pennsylvania. Local media reported the $5 million settlement, saying it had been approved by a judge in Allegheny County Court of Common Pleas in Pittsburgh earlier this month.
| By: David DeKok
BMY hit on disappointing drug trial Dissecting the day's major business news, with the Fast Money traders. Bristol-Myers gets hit hard on disappointing results from a lung cancer drug.
UPDATE 1-Brazil's Levy looks beyond austerity to shore up economy RIO DE JANEIRO/ BRASILIA, May 29- The Brazilian government is looking beyond fiscal austerity to avoid a recession, Finance Minister Joaquim Levy said on Friday, signaling what could be a new phase in the administration's strategy to pull the economy out of its lull. Picked by President Dilma Rousseff to undo many of the policy missteps threatening Brazil's...
| By: Caio Saad and Alonso Soto
The Latest: Holmes pushed away everything to focus on attack Colorado theater shooter James Holmes says he was pushing away friends and a possible relationship two months before the attack because he was consumed with the idea of becoming a killer. James Holmes says he wondered if he was under FBI surveillance as he prepared to attack moviegoers and that he hoped agents would stop him. William Reid about his persistent...
Source: The Associated Press
| By: By The Associated Press
Cramer on June swoon CNBC's Jim Cramer says a June swoon makes sense given the negative effect the stronger dollar has had on American companies.