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Brazil's TIM hits sales headwinds, profit down 16 pct

SAO PAULO, May 5- TIM ParticipaƧoes SA, Brazil's second-largest wireless phone company, posted a 16 percent drop in first-quarter profit from a year ago due to weak sales and rising expenses. Net income fell to 313 million reais, according to a securities filing on Tuesday, close to an average estimate of 308 million reais in a Reuters poll of four analysts.
Source: Reuters
UPDATE 1-Facebook's Sandberg emerges to speak at husband's memorial

STANFORD, Calif, May 5- Facebook Inc Chief Operating Officer Sheryl Sandberg re-emerged in public on Tuesday after the accidental death of her husband last week, offering a personal tribute to him in a Silicon Valley memorial service and on her Facebook page. Many of the tech world's top executives filled a 1,700- seat auditorium at Stanford University to...
Source: Reuters | By: Sarah McBride and Yasmeen Abutaleb
Will ESPN's battle with Verizon hurt Disney?  

Rick Munarriz, senior analyst in Media & Tech at The Motley Fool, discusses the clash between ESPN and Verizon over how the Disney-owned sports channel is being sold in a discounted pay-TV package.
Source: CNBC.com
Cramer Remix: The one cult stock worth owning

This trio of cult stocks gets big headlines, but "Mad Money" host Jim Cramer breaks down which one is a buy.
Source: CNBC.com | By: Abigail Stevenson
UPDATE 2-Groupon's full-year revenue forecast below views, hit by dollar

May 5- Groupon Inc forecast full-year revenue well below analyst expectations on Tuesday, hurt by a stronger dollar and weaker-than-expected billings, a key metric reflecting the gross amount collected from customers. Groupon, which once dominated the fast-growing online coupons arena, has been struggling to rev up sales and profit as it battles stiff...
Source: Reuters | By: Nandita Bose and Kshitiz Goliya
Higher rates sting stocks; markets await job data

Payroll data will be key for bonds, stocks and the dollar, and it could set the stage for a bigger markets move when jobs report number is released.
Source: CNBC.com | By: Patti Domm
Thailand takes a hammer to the baht

Thailand's baht has long out-muscled regional peers, but amid a stumbling economy, the central bank has pulled the plug on supporting the currency.
Source: CNBC.com | By: Leslie Shaffer
4 trades on tech, entertainment movers

"Fast Money" traders discussed how to play headlines from big names including Salesforce.com, Disney and Facebook.
Source: CNBC.com | By: Jacob Pramuk
UPDATE 1-U.S. Senate Republicans pass budget plan, eye 'Obamacare' repeal

WASHINGTON, May 5- The U.S. Senate on Tuesday narrowly passed a Republican budget plan that prescribes deep domestic spending cuts to eliminate deficits by 2024 and aids the party's goal of trying to dismantle President Barack Obama's signature healthcare law. The first combined House-Senate budget in six years passed 51-48 with all Senate Democrats and two...
Source: Reuters | By: David Lawder
UPDATE 2-Mylan says can close Perrigo deal by year end, reports profit

May 5- Generic drugmaker Mylan NV, at the center of a high-stakes, three-way takeover battle, said on Tuesday it is fully committed to acquiring Ireland- based Perrigo Co and believes it can complete the deal by year end. Mylan, on a conference call with analysts, said it is legally committed to take its offer directly to Perrigo shareholders under Irish takeover...
Source: Reuters | By: Bill Berkrot