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U.S. markets news

Auto sales stay hot in April; Honda and Nissan break records
America's love of trucks and SUVs helped push most automakers to healthy sales gains last month as Honda and Nissan reported best-ever April sales.
Auto sales stay hot in April, with some brands having record month  The Denver Post
US April auto sales on pace for monthly record; fear sales peaking  Reuters
Automotive News  
Global stocks slide on global growth worries; US yields fall
NEW YORK Stock markets worldwide fell on Tuesday after weak Chinese and British factory data rekindled fears of slowing global growth, sending benchmark Treasury yields to nearly two-week lows.
Stocks Fall on Global Growth Fears  Wall Street Journal
Stocks sink as Chinese factories gear down  CBS News
Verizon strikers take their fight to shareholders
The Communication Workers of America, who have been on strike since April 13, say they will want shareholders to vote to cap executive pay and shares.
Verizon and Unions Hold the Line as Strike Continues  Bloomberg BNA
Union Complains to FCC That Verizon Is Pressuring Phone Customers  New York Times
Tampa Bay Times purchases main competitor, the Tampa Tribune
ST. PETERSBURG, Fla. - Florida's largest newspaper, The Tampa Bay Times, says it has purchased its main competitor, the Tampa Tribune, ending a decades-long newspaper rivalry.
Paul Tash: Times' purchase of Tampa Tribune means one newspaper for all ...  Tampabay.com
Tampa Bay Times buys and folds the Tampa Tribune  Poynter.org
GM down 3.5%; FCA, Ford report modest gains
Fiat Chrysler Automobiles NV and Ford Motor Co. on Tuesday reported their best April sales in a decade or more. Loading… Post to Facebook.
Jeep, Ram propel FCA to 6% gain in April  Automotive News
SUV And Truck Sales Are Driving US Auto Sales Higher  Forbes
Stocks Under Pressure on Global Growth Woes
Stocks came off of lows by mid-afternoon Tuesday, though Wall Street remained under pressure on fears over the global economy. The S&P 500 was down 0.74%, the Dow Jones Industrial Average fell 0.62%, or 110 points, and the Nasdaq slid 0.75%.
Midday Update: Wall Street Undermined by New Signs of Stagnant Global Growth  Nasdaq
Forget The Stock Market's PE Ratio  Seeking Alpha
Fairway's Nationwide Expansion Ends A Subway Ride Away In Bankruptcy Courts
New York City supermarket Fairway, an icon of the Upper West Side of Manhattan, known for its meats, cheeses and smoked fish, in addition to its branded black & white cookies, has filed for bankruptcy.
Fairway, Unable to Fend Off Rivals, Files for Bankruptcy  New York Times
Quintessential NYC Grocery Chain Fairway Files For Bankruptcy  Gothamist
Archer Daniels Midland Results Hurt by Weak Exports
The top executive at Archer Daniels Midland Co. on Tuesday said the weakening U.S. dollar should help domestic grain exports, though China could still add to a global glut of some key crops.
Archer Daniels Midland (ADM) Juan Ricardo Luciano on Q1 2016 Results ...  Seeking Alpha
UPDATE 2-ADM trading desk suffers quarterly loss, earnings fall  Reuters
UPDATE 2-Encana posts bigger-than-expected loss and lower output
(Adds quotes, cost savings and hedging details). By Nia Williams. CALGARY, Alberta May 3 Canadian oil and gas producer Encana Corp reported a bigger-than-expected quarterly loss on Tuesday, citing persistently low commodity prices that prompted a ...
Encana Slides as Earnings Miss Overshadows Cost Cuts  Bloomberg
Encana Posts Larger-Than-Expected Loss  Wall Street Journal
Freddie Mac: No Draw on Treasury for Now, But. . .
Freddie Mac BH First the good news from Freddie Mac's Q1 2016 Financial Results released on Tuesday morning: Freddie Mac will not need a draw on Treasury for the time being.
Freddie Mac posts $354M loss; no dividend  Salt Lake Tribune
Freddie Mac Prices 20th STACR(R) Offering for $916 Million  Marketwired (press release)