Federal revenue for April is most since start of recession 
CNNMoney: The U.S. Treasury Department booked a $114 billion surplus in April, the largest for that month since 2008, according to estimates from the Congressional Budget Office released Wednesday. April typically brings an influx of receipts as Americans file their tax returns.

 Expect opposition at hearing today on cable companies' merger 
Reuters: Comcast's plan to merge with Time Warner Cable Inc is expected to face criticism from an independent network, small and medium-sized cable operators and a former Internet partner when U.S. lawmakers meet today for a second time to discuss the controversial deal.

 

Tesla stock drops after quarterly earnings report 
Reuters: Tesla Motors Inc., led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares of the electric car maker down more than 7 percent in after-hours trading.