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.

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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

DoubleLine's Gundlach expects Fed won't raise rates in 2015

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.

4:09pm 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.

VW aims to find new chairman quickly and return focus to business

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

11:44am EDT

Greece blows hot and cold in race to avert cash crunch

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

Greece, IMF 3:33pm EDT


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