Verizon, Frontier in $8.6B deal for wirelines

RealtyTrac: April foreclosures rise 32 percent

EU fines Intel euro1.06 billion ($1.45 billion)

Toyota cuts annual production goal to 7-year low

China retail sales jump, industrial output slows

Oil climbs to near $60 on falling US inventories

Wall Street set for lower open

• European markets down ahead of key US retail news

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