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U.S. trade data points to first-quarter economic contraction

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

DoubleLine's Gundlach sees no Fed rate increase in 2015

NEW YORK - Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation.

6:01pm EDT

News Corp quarterly revenue falls on currency, lower ad sales

- News Corp , owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers.

4:58pm EDT

Netflix asks FCC to reject AT&T-DirecTV merger unless changes made

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.

Disney revenue gets lift from theme parks, TV networks

- Walt Disney Co's quarterly revenue beat analysts' expectations, helped by increased spending by visitors at its theme parks and strength in the company's TV networks business. | Video

12:20pm EDT

Food companies face questions on cost-cutting

NEW YORK - U.S. packaged food and beverage companies are facing pressure to look more closely at their costs in the wake of ketchup maker H.J. Heinz Co’s plans to merge with Kraft Foods Group Inc , analysts said on Tuesday.

4:41pm EDT

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