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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 growth contracted in the first quarter.
US Trade Gap Widens on Surging Imports  Wall Street Journal
Canada Posts Record Trade Gap in March on Lower Energy Prices  Bloomberg
RTT News  
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.
The Walt Disney Company Reports Second Quarter and Six Months Earnings for ...  MarketWatch
Disney (DIS) Stock Gaining in Pre-Market Trading on Earnings Beat
EU Raises Growth Outlook as ECB Counters Greek Threat
The European Commission raised its euro-area growth forecast as the impact of a weaker euro and unprecedented monetary stimulus help the economy overcome pressure on confidence from the continuing crisis in Greece.
EU Says Stimulus, Oil Price Speeds Growth  Wall Street Journal
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.
Dollar Strengthens After Euro's Recent Rally  Wall Street Journal
Stocks gain on factory data, bund yields rise  Reuters
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 Becomes First National Restaurant Company to Share List of ...  MarketWatch
Panera Bread Drops 150 Artificial Ingredients From its Menu
Worker crushed to death 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.
Worker Crushed To Death At Chrysler Plant In Detroit  CBS Local
Report: Worker crushed to death at Fiat Chrysler plant in Detroit
RPT-UPDATE 2-Australia's RBA cuts rates, markets wonder if that's all
(Repeats to add PICTURE to slug). By Wayne Cole. SYDNEY May 5 (Reuters) - Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful ...
Is Australia's Central Bank Done Cutting Interest Rates?  Wall Street Journal
Queenslanders better off thanks to interest rates cut  Courier Mail
Apple's tax investigation delayed
The European Commission investigation into Apple's tax arrangements with Ireland has been held up and will not be concluded in June, as was the original plan.
EU probe into sweetheart tax deals to miss deadline  Financial Times
EU Delays Decisions on Tax Probes into Apple, Amazon  Wall Street Journal
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 tops 1Q profit forecasts
EU Demands Concessions as Greece Hurtles Toward Deadlines
Euro-area finance chiefs urged Greece to bow to their terms for releasing aid within days to avert a cash crunch. With Greek officials fanning out across the continent to plead their case, Portuguese Finance Minister Maria Luis Albuquerque warned Tuesday ...
Greece steps up diplomacy to avert cash crunch  Reuters UK
MarketsGreek bond yields jump following IMF warning  Financial Times