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Among the earnings stories for Thursday, May 7, from AP Financial News:
DETROIT (AP) — General Motors Corp. lost $6 billion in the first quarter and its revenue fell by nearly half as car buyers worldwide steered clear of showrooms out of fear that the wounded auto giant may go bankrupt and stop honoring its warranties.
Cablevision Systems Corp. reported a profit for the first quarter Thursday as revenue climbed 11 percent, due to subscriber growth and the addition of the recently acquired Long Island-based newspaper Newsday and the Sundance channel. ...
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