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U.S. markets news

Cisco Veteran Robbins to Succeed Chambers About a Year Early
Cisco Systems Inc. appointed company veteran Chuck Robbins chief executive officer to succeed John Chambers, as one of the longest running technology leaders leaves the position about a year ahead of schedule.
Cisco names Chuck Robbins as its new CEO  CNNMoney
Cisco Names Charles Robbins to Succeed CEO John Chambers  New York Times
San Jose Mercury News  
Comcast Q1 income rises on cable unit gain
Comcast Corp, the cable giant whose ambition to buy Time Warner Cable was recently quashed, said Monday its first quarter net income rose 10% to $2 billion as a gain in its Internet business offset a decline in NBCUniversal's revenue.
UPDATE 1-Comcast profit beats estimates on internet, enterprise growth  Reuters
Comcast's failed merger cost $336 million, Fifty Shades of Grey picks up ...  Mashable
McDonald's speeds refranchising in turnaround bid
McDonald's (MCD) will accelerate its refranchising and realign its markets in a bid to revive the struggling fortunes of the world's largest fast-food chain, CEO Steve Easterbrook said Monday.
McDonald's leans on franchisees to spur growth, win back customers  Fortune
McDonald's reveals recipe for revival  Financial Times
Warren Buffett is my boss
But how tough must it be when your boss is Warren Buffett -- a business legend worth more than $70 billion? At Berkshire Hathaway's (BRKA) latest shareholder meeting, I asked three CEOs of Berkshire subsidiaries what it's like to work for the Oracle of ...
Buffett, Munger Tackle Hot Topics From Public Schools to End-of-Life Care  TheStreet.com
Buffett: Better option than increasing minimum wage  NBCNews.com
Eurozone manufacturing growth slows in April
The eurozone's manufacturing sector expanded in April, although at a slightly slower pace than in March, as orders continued to flow and companies added staff, a survey of purchasing managers showed Monday.
Vietnam sees sharpest rise in manufacturing output in four years: HSBC  Shanghai Daily (subscription)
EconomyFrance, Greece drag down eurozone manufacturing  Financial Times
US stocks open higher; S&P 500 flirts with record
NEW YORK (MarketWatch) - U.S. stocks opened modestly higher on Monday, with the S&P 500 inching closer to the record set last month.
Stocks open higher as S&P 500 nears record  USA TODAY
CANADA STOCKS-TSX opens higher, as gold miners help lead gains  Reuters
New Lifetime High Reached: AMC Networks (AMCX)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
UPDATE 1-Strong ad sales help AMC Networks beat profit estimates  Reuters
'The Walking Dead' and 'Better Call Saul' boost AMC's profit  San Francisco Chronicle
Speculators Skeptical of Oil Rally Miss Highest Prices This Year
Speculators cut their bullish position on oil for the first time in five weeks, just as a drop in supply at the biggest U.S. hub propelled prices to the highest this year.
In The Wake Of Recent Months, Here's What To Expect From Oil  Seeking Alpha
Oil Prices Hit 2015 Peak As Analysts Foresee Slowdown In US Drilling, China ...  International Business Times
UPDATE 1-Supreme Court to review US electricity market efficiency rule
(Adds details on court action, background, paragraphs 3-11). By Lawrence Hurley. WASHINGTON May 4 (Reuters) - The U.S. Supreme Court on Monday agreed to consider the Obama administration's bid to revive a regulation aimed at encouraging efficiency ...
FERC Gets U.S. High Court Hearing on Energy-Conservation Rule  Bloomberg
High court will hear appeal over energy rule  The Daily Progress
Dow Chemical to cut up to 1750 jobs
May 4 (Reuters) - Dow Chemical Co said it would cut 1,500 to 1,750 jobs, or as much as 3 percent of its global workforce, as part of a broader plan to reduce costs by $1 billion over three years.
Dow Chemical to cut 3% of global workforce  The Detroit News
Dow Chemical Plans to Reduce Workforce by 3%  Wall Street Journal