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U.S. markets news

Good news: strong sales mean US car makers are set to accelerate
Automakers in the US, such as Ford and GM, are expected to come close to record levels of sales this month. Investors hope good numbers will lift the sector, which is currently languishing thanks to a poor showing in April as well as several embarrassing ...
U.S. Car Sales Expected to Experience a Strong Rebound  WallStreet OTC
Wall Street Weekahead: Strong sales could shift Ford, GM to higher gear  Reuters
Times of India  
American Express President Ed Gilligan Dies Suddenly On Flight To New York
American Express and American Express corporate cards are pictured in Encinitas, California, Oct. 17, 2011. Reuters/Mike Blake. The president of American Express Co.
AmEx president dies suddenly after falling ill on flight  Livemint
Amex President Gilligan dies  Business Standard
India's Economic growth surpasses China
Indian Economy's growth rate surpassed China's in the first quarter. Data showed on Friday the economy growth of 7.5% year-on-year in the last quarter for the Asia's third-largest economy.
Data shows Indian growth outstrips China's but economists doubtful  Reuters
Canada''s Economy Contracts in the First Quarter  Nasdaq
ECB's Constancio says policies are working
The European Central Bank's policies have contributed to a broad-based economic recovery in the euro area and haven't led to generalized overvaluations in assets prices, ECB Vice President Vitor Constancio said in a speech in Barcelona on Saturday.
Policies working, ECB must persist with purchase programs: Constancio  Reuters
Effects of potential Greek default for banks not clear: ECB's Constancio  TODAYonline
Comcast's failed TWC merger may blow up in its face… again
Comcast's decision to try to merge with Time Warner Cable last year might go down as one of the biggest strategic blunders of the decade.
What Does the Merger of Charter Communications (NASDAQ:CHTR) and Time ...
Cable TV Providers Fail Miserably in Satisfying Customers  Uncover Michigan
Greece Willing to Compromise to Secure Bailout Fund by the End of This Week ...
The Greek government is apparently coming to terms to secure the much awaited bailout agreement within this week, according to Interior Minister Nikos Voutsis.
Greece Willing to Make Concessions to Secure Agreement  Greek Reporter
Greece Interior Minister Says Government Will Focus on Completing Bailout ...  Modern Readers
Snapchat Raised $ 537 million in Latest Round of Equity Funding as the ...
Snapchat have reportedly raised more than $ 537 million in a new round of funding and can go up as high $ 650 million. The mobile messaging app, founded in 2011, has raised more than $ 848 million in total venture capital money so far.
Snapchat is so popular investors are giving up on certain privileges in its ...  Businessinsider India
Snapchat Scoops In Another $530 Million, Reaches a Staggering $16 Billion In ...  The Tech Portal
NY-bound passenger jet reports near-miss with drone
A commercial airliner narrowly missed colliding midair with a drone at 2,700 feet as it neared New York's LaGuardia Airport Friday morning, just hours after a string of incidents involving lasers pointed at planes, according to federal officials.
LaGuardia Airport's slow-paced makeover process might speed up soon  NYC Today
Port Authority taps LaGuardia developer  Queens Chronicle
Passenger jet nearly collides with drone in mid-air; lasers target planes
A passenger jet nearly collided mid-air with a drone at 2,700 feet as it approached New York's LaGuardia Airport Friday, the Federal Aviation Administration says.
Feds hunting people pointing lasers at planes in New York  WDAM-TV
Pilots Say Planes Were Targeted by Green Lasers; Drone Forces Airliner to ...  NY1
Bank of America to Pay $30 Million, Fix Violations on Servicemembers'' Accounts
Bank of America Corp. has agreed to pay a $30 million civil penalty and correct violations on about 73,000 accounts of U.S. military members.
Bank of America in the Soup over Improper Collections from Military Members ...  Uncover Michigan
US regulators fine Bank of America US$30 million  Taipei Times