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U.S. markets news

Ouch! US Trade Deficit Means US GDP Probably Contracted In First Quarter
This isn't the news that anyone was really looking for: It would appear that the US slipped back into negative growth in the first quarter of this year.
The US trade gap hasn't been this big since 2008  Quartz
Canada Posts Record Trade Gap in March on Lower Energy Prices  Bloomberg
TheNewsTribune.com  
You don't need to be stellar to earn billions in this job
Before you shed a tear for the poor masters of the universe, consider this: The top 25 hedge fund managers made a combined $11.6 billion last year, according to an annual ranking by Institutional Investor's Alpha.
Hedge fund pay down as top 25 managers bank total of $11.6bn  Financial Times
Opinion: Hedge fund managers' pay slashed to $211538 an hour  MarketWatch
US stocks drift lower after 2-day run; oil price jumps
Want more news? Sign up for free newsletters to get more of the Statesman delivered to your inbox. NEW YORK - The U.S. stock market sank Tuesday, taking a break after a two-day run.
US stocks drift lower in midday trading; oil price jumps  Winston-Salem Journal
Stocks drift lower even as oil jumps above $60 a barrel; Disney, Estee ...  The Republic
European Stocks Oscillate Between Sharp Gains, Sharp Losses
European stocks oscillated between substantial gains and sharp losses Tuesday, as investors struggled to make sense of a recent abrupt shakeout in debt and equity markets.
5 years of bailouts: the grim legacy of Greece's crisis  U-T San Diego
Jitters over Greece keep pressure on European stocks  MarketWatch
Disney lifted by theme parks and consumer products
It may have lacked a blockbuster to compare with Frozen but Walt Disney's quarterly profits still sailed past analyst estimates thanks to gains at its theme parks and consumer products division.
Iger: This could raise costs for cable customers  CNBC
Disney Profit Tops Estimates on Theme Parks, 'Frozen' Toys  Bloomberg
ISM Non-Manufacturing Index Rises to 57.8 in April -- Update
Two surveys of businesses outside of manufacturing indicate output growth and employment strengthened at the start of the second quarter, suggesting the U.S.
Service Industries in U.S. Unexpectedly Grow at Faster Pace  Bloomberg
Service-Sector Growth Unexpectedly Rebounds in April  Fox Business
Economic Watch: Service Sector Builds Momentum, Trade Deficit Up
Economic activity in the nation's service sector increased in April, according to two reports released on Tuesday. The non-manufacturing sector grew in April for the 63rd consecutive month, hitting its highest level since November, based on the Institute for ...
US services sector growth cools in April: Markit  Reuters India
Egypt's non-oil private sector extends contraction in April: HSBC  The Cairo Post
Wells Fargo Bank Employees Allegedly Opened Unauthorized Accounts To ...
LOS ANGELES (CBSLA.com) - Employees of Wells Fargo allegedly opened unauthorized accounts for customers and then charged them bogus fees, which in turn damaged their credit, according to Los Angeles city prosecutors.
Los Angeles sues Wells Fargo, alleging fraud by employees  Bryan-College Station Eagle
City of Los Angeles Suing California-Based Wells Fargo For Allegedly Opening ...  NBC Southern California
Netflix asks FCC to reject AT&T-DirecTV merger unless changes made
WASHINGTON (Reuters) - Netflix Inc has urged the U.S. Federal Communications Commission to reject the pending $48 billion merger of AT&T Inc and DirecTV unless its concerns about the deal are addressed.
CompaniesNetflix urges US to reject AT&T-DirecTV tie-up  Financial Times
Netflix, Cogent Urge U.S. to Restrain AT&T in DirecTV Deal  Bloomberg
UPDATE 2-Freddie Mac to hand $746 mln to US Treasury
(Adds comment by CEO, background). WASHINGTON May 5 (Reuters) - Government-controlled mortgage finance firm Freddie Mac on Tuesday said it will cut a check to the U.S.
Freddie Mac Will Pay U.S. $746 Million on First-Quarter Profit  Bloomberg
Freddie Mac's Net Income Nearly Doubles in Q1 Up to $524 Million  DSNews.com