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U.S. markets news

Greece moves to sideline Varoufakis after reform talks fiasco
Greek Prime Minister Alexis Tsipras reshuffled his team handling talks with European and IMF lenders, a move widely seen as an effort to relegate embattled Finance Minister Yanis Varoufakis to a less active role in negotiations.
Greek PM says bailout breakthrough is close - live updates  The Guardian
Euro holds gains after rising on Greek hopes, dollar awaits data  Reuters  
China stocks ease as small caps slump, Hong Kong slips
... * CSI300 -0.6 pct; SSEC: -0.3 pct; HSI: -0.1 pct. * Banks surge on speculation the central bank may buy assets. * ChiNext shares slump on valuation concerns.
PetroChina profit down 82% on oil price  Herald Sun
BP Profit Beats Estimates as Refining Offsets Oil's Plunge
BP Plc reported first-quarter profit that was more than double analysts' estimates as earnings from refining and trading offset lower crude prices.
BP first-quarter profit falls 20% as crude oil price plunges  Financial Times
BP profits fall as oil price bites  CNBC
GLOBAL MARKETS-Wall St falls; European shares rise on optimism over Greece
... * Drop in healthcare stocks leads U.S. shares lower. * Reshuffled Greek negotiating team helps European shares. * Euro gains on Greece optimism.
Asian shares at 7-year highs, cheered by Apple earnings  Business Standard
Wall St falls; European shares rise on optimism over Greece  Daily Mail
Don't Believe Everything You Read: Lower Fuel Prices Aren't Why U.S. Airlines ...
The nation's largest airlines last week reported ridiculous - for them - first-quarter profits. And it had far less to do with the price of oil and jet fuel than you've probably read.
Southwest Airlines Stock Rating Reaffirmed by Deutsche Bank (LUV)  sleekmoney
Record airline profits don't translate into price cuts for consumers  Fox News
Honda Net Forecast Trails Estimates on Recalls, U.S. Sales
Honda Motor Co. forecast profit that fell short of analyst estimates as the Japanese carmaker recovers from its worst vehicle recalls in decades and as weaker overseas currencies erode earnings.
Honda Aims for Profit Growth This Fiscal Year  Wall Street Journal
Honda's profit drops on air bag recall woes despite weak yen  Washington Post
Daimler Q1 Earnings Nearly Double on New Models
German automaker Daimler AG credited strong demand for its Mercedes-Benz luxury cars across major markets for a near-doubling in its first quarter profits.
Daimler profit lifted by Mercedes-Benz sales  MarketWatch
CompaniesRecord Mercedes-Benz sales underpin Daimler  Financial Times
SD PUC postpones public meeting on Keystone XL pipeline
PIERRE, S.D. (AP) -- The state Public Utilities Commission has postponed a meeting for the public to provide input to the regulatory board on the portion of the Keystone XL pipeline that would run through South Dakota.
TransCanada hearing delayed for several months
Philips Post Weaker Profit Amid Restructuring
AMSTERDAM´┐ŻKoninklijke Philips PHG 1.38 % NV on Tuesday posted a 28% fall in first-quarter net profit, hurt by costs related to the separation of its lighting activities, even as it recorded a rise in comparable sales for the first time in five quarters.
Philips' net profit slimps in 1st quarter, sales edge higher  Washington Post
Philips Q1 operational results meet expectations  Economic Times
SEC petitioned to review Shell's Arctic regulatory filings
Two groups petitioned the U.S. Securities and Exchange Commission on Monday for an investigation of Royal Dutch Shell PLC and what the groups call misstatements in regulatory filings regarding the risk of a catastrophic oil spill from Arctic offshore drilling.
Advocacy groups seek SEC investigation of Shell regulatory filings on Arctic ...  Fox Business
Shell Faces Pressure to Disclose Priorities  Wall Street Journal