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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.

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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.

BG chief welcomes $70 billion Shell offer with 'mixed emotions'

LONDON - BG Chief Executive Helge Lund on Tuesday welcomed with "mixed emotions" Royal Dutch Shell's $70 billion takeover bid, which came only two months after he took office.

11:18am EDT

Cisco looks to salesman Robbins for tech leadership

SEATTLE - Chuck Robbins, the veteran salesman chosen by Cisco Systems Inc to succeed legendary CEO John Chambers, must prove he has the technical knowledge to chart a new course and lead the network equipment maker into the new world of cloud-based computing.

1:51am EDT

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.

Greece, IMF 2:23pm EDT

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