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U.S. markets news

US trade deficit largest since 2008 as imports surge
WASHINGTON (Reuters) - The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports, suggesting the economy contracted in the first quarter.
Trade Gap in U.S. Swells to Six-Year High as Imports Surge  Bloomberg
US Trade Gap Widens on Surging Imports  Wall Street Journal
Washington Post  
Disney Beats Expectations With 10% Quarterly Profit Increase
LOS ANGELES - Despite expected declines in movie and cable network income, the Walt Disney Company on Tuesday reported a 10 percent increase in quarterly profit, beating Wall Street's expectations by a wide margin.
UPDATE 1-Disney revenue beats with lift from theme parks, media networks  Reuters
Disney beats analysts' estimates with 10% increase in profit in second ...  Los Angeles Times
EU Says Stimulus, Oil Price Speeds Growth
BRUSSELS´┐ŻEuropean Union economists said cheaper oil and central bank stimulus should help deliver faster growth in the region this year, but questioned whether the positive momentum will last after those tailwinds stop.
Batten Down The Hatches Folks, The Greek Situation Just Keeps Getting Worse  Forbes
Greece seeks breathing room from ECB chief Draghi  Reuters
U.S. Dollar Rises Ahead Of U.S. Jobs Data
The U.S. dollar strengthened against the other major currencies in the early European session on Tuesday, as traders await the U.S.
Europe: Stocks rise as euro slides  THE BUSINESS TIMES
Stocks gain on factory data, bund yields rise | Reuters  Firstpost
EU competition watchdog eyes McDonald's over taxes
BRUSSELS (AP) - The European Union's competition watchdog has U.S. fast-food giant McDonald's in its sights. The EU's executive Commission is examining allegations by trade unions that McDonald's has made unfair tax deals in Luxembourg.
EU Delays Decisions on Tax Probes into Apple, Amazon  Wall Street Journal
EU may probe tax deals between McDonald's and Luxembourg  Economic Times
Worker killed at Chrysler plant, officials say
A worker at an FCA USA -- formerly Chrysler -- plant in Detroit was killed in an industrial accident this morning, the company and Detroit police have confirmed.
Police investigating reports of worker crushed at Chrysler plant in Detroit  WXYZ
Panera eliminates additives, joins healthy food trend
The difficult-to-pronounce preservative is on a lengthy list of ingredients that the restaurant chain has promised to eliminate from its food by 2016.
Panera Bread Drops 150 Artificial Ingredients From Its Menu  TheStreet.com
Panera Bread Becomes First National Restaurant Company to Share List of ...  MarketWatch
Regulator to Allow Review of CEO Pay at Freddie Mac, Fannie Mae
Mortgage-finance companies Freddie Mac FMCC 2.93 % and Fannie Mae FNMA 3.19 % on Tuesday disclosed that their regulator, the Federal Housing Finance Agency, had authorized them to review the pay of chief executives Donald Layton and Timothy J.
UPDATE 1-Freddie Mac to hand $746 million to US Treasury  Reuters
Freddie Mac Will Pay U.S. $746 Million on First-Quarter Profit  Bloomberg
Commonwealth Bank has snubbed its customers and RBA by refusing to pass ...
THE nation's biggest home-loan provider, the Commonwealth Bank, has snubbed its customers and the Reserve Bank by refusing to pass on in full a cut in interest rates.
RPT-UPDATE 2-Australia's RBA cuts rates, markets wonder if that's all  Reuters
Commonwealth Bank goes own way on Reserve Bank rates cut  Herald Sun
UPDATE 1-Discovery profit beats on distribution revenue growth
(Adds details, outlook). May 5 (Reuters) - Discovery Communications Inc, the owner of Animal Planet and the Discovery Channel, reported a better-than-expected quarterly profit, helped by growth in distribution revenue at its U.S.
Discovery Communications Reports First Quarter 2015 Results  MarketWatch
Discovery Communications (DISCA) Beats on Q1 Earnings  Zacks.com