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Bullseye: Plains states brace for more tornadoes

Millions of people in the middle of the country are facing a tornado threat, including some locations recently ravaged by twisters, NBC News reports.
Source: NBC News | By: Erin McClam and Daniella Silva
Twister terror: Plains states brace for more storms

Around 16 million people across the Plains were potentially facing two days of powerful tornadoes starting Friday.
Source: NBC News | By: Erin McClam and Daniella Silva
At least 12 injured as 50 twisters tear through Plains

Communities across the Plains awoke to damage and flooding after at least 50 tornadoes and baseball-sized hail were reported across a 500-mile stretch.
Source: NBC News | By: Alexander Smith
UPDATE 1-News Corp quarterly revenue falls on currency, lower ad sales

May 5- 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. At the Wall Street Journal advertising revenue fell 11 percent. Robert Thomson, CEO of News Corp, said in a statement that real estate will "underpin long-term expansion."
Source: Reuters | By: Jennifer Saba
News Corp revenue falls marginally

May 5- News Corp, the publisher of the Wall Street Journal, reported a marginal fall in quarterly revenue, hurt by the stronger dollar and dwindling advertising sales at its newspapers. Net income attributable to shareholders fell to $23 million, or 4 cents per share, for the third quarter ended March 31, from $48 million, or 8 cents per share, a year earlier.
Source: Reuters
US STOCKS-Wall St stumbles on weak trade data; investors eye Fed

Despite a rally of more than 2 percent in oil, energy stocks were stung for a second day by criticism of fracking companies by David Einhorn, the influential head of hedge fund Greenlight Capital. The $51.4 billion March deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross...
Source: Reuters | By: Noel Randewich
US STOCKS-Wall St falls on weak trade data; energy stocks turn lower

May 5- U.S. stocks fell further in afternoon trading on Tuesday after the U.S. trade deficit surged in March, suggesting that the economy contracted in the first quarter. The $51.4 billion deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week.
Source: Reuters | By: Tanya Agrawal
US STOCKS-Wall St lower as weak trade data offsets rally in oil prices

The $51.4 billion deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week. "Everyone is now keeping an eye on Friday's jobs numbers to see if last month's dismal numbers were a momentary blip or for real," said Kim Forrest, senior equity research...
Source: Reuters | By: Tanya Agrawal
US STOCKS-Wall St set for lower open as trade data suggests GDP contraction

The U.S. trade deficit surged to its highest level in nearly 6-1/ 2 years in March and the $51.4 billion trade gap was far larger than the $45.2 billion deficit the government assumed in its snapshot of first-quarter gross domestic product last week. A now-settled labor dispute at West Coast ports had significantly slowed trade at the start of the year.
Source: Reuters
US STOCKS-Futures off ahead of service sector, trade data

*The services gauge data is expected at 10 a.m. EDT and trade numbers at 8:30 a.m. EDT. *The latest batch of economic data comes a day after Chicago Fed President Charles Evans said rate hikes could begin this year without harming the recovery. News Corp and Groupon are scheduled to report after the close.
Source: Reuters | By: Tanya Agrawal