WASHINGTON - A surge in imports lifted the U.S. trade deficit in March to its highest level in nearly 6-1/2 years, suggesting the economy contracted in the first quarter.
Recent Business News
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NEW YORK - Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday that he believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation.
WASHINGTON - 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.
HANOVER, Germany - Volkswagen said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker's shock ouster of former patriarch Ferdinand Piech. | Video
ATHENS/BRUSSELS - Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up. | Video