U.S. News
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Global stocks rebounded from the worst week since September and commodities snapped a three-day drop as China signaled it would support the economy and German and French officials said they would work to keep Greece in the euro. The yen and dollar weakened against most major peers.
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Eaton Corp. agreed to buy Cooper Industries Plc, a maker of electric-distribution equipment, in an $11.8 billion transaction to expand its power-management business and tap more into a U.S. housing recovery.
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JPMorgan Chase & Co. suspended its daily stock repurchase program because the bank needs the money to meet international capital rules, not because of trading losses, Chief Executive Officer Jamie Dimon said.
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DaVita Inc., a provider of kidney dialysis care, agreed to buy HealthCare Partners for about $4.42 billion in cash and stock, expanding into broader medical services as it sees dialysis moving to a new payment model.
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