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Federal officials are reviewing Comcast's $45 billion merger with Time Warner Cable. The cable giant is fighting an uphill battle to get approval for the merger as it is facing resistance from the regulators. The Justice Department has some serious questions regarding the merger.

People familiar with the matter said that Comcast might ultimately walk away if concessions needed to win approval are too strict.

Comcast is the nation's largest cable company and largest broadband provider while Time Warner Cable is the second-largest company and the third-largest broadband internet provider.

As per Hasbro, new part of Transformers could be in theatres in around two years. The idea is to have a deep story for Transformers 5, with multiple sequels and spinoffs.

Hasbro's chief executive officer Brian Goldner said, "Our plan with the studio and filmmakers you may have heard some writers being hired and Transformers Age Of Extinction we have in fact brought in Akiva Goldsman to lead a group of writers to really create a strategic plan around Transformers".

On Tuesday, the German multinational software corporation SAP AG announced a decline in net profit in first quarter from last year. The software maker reported that non-IFRS profit was higher. Revenue of the company rose more than 20%. In addition, the company's Cloud subscriptions and support business showed significant growth. According to reports, the results were helped by a cheaper euro.

SAP also backed its targets for the full year. The company also reported that profit registered 23% decline to about 414 million euros. Last year, it was about 534 million euros. The new results are based on the basis of International Financial Reporting Standards. The company reported that after tax, Non-IFRS profit climbed about 5% to 697 million euros.

Financial services company Credit Suisse Group has dropped the most since the start of 2015 in Zurich trading after the company revealed that a key measure of financial strength fell in the first quarter.

In a statement on Tuesday, the bank stated that the capital ratio to risk-weighted assets was at about 10%. At the end of 2014, it was 10.1%. The company's target was 11%. In the same quarter, net income rose about 23% to 1.05 billion Swiss francs. According to the company, increased trading activity encouraged private banking and securities unit.

China Mobile Ltd. added about $21 billion of market value in Hong Kong after the firm reported increasing adoption of its 4G services.

The world's biggest wireless carrier surged 7.5% to HK$115.9 at the close of trade, the biggest gain in almost six years. In the first quarter, China Mobile added 53 million users to the 4G network. The carrier reported that 143 million customers are now on the high-speed network.

The company has confronted increased costs to build its 4G network and attract users with promotions on tariffs and smartphones. According to Anand Ramachandran, an analyst at Barclays Plc, declines in average revenue per user have hit bottom after the first quarter result.

On Monday, Morgan Stanley reported its most profitable quarter since the financial crisis. According to Thomson Reuters data, it was the financial major's most profitable quarter since the second quarter of 2007. The profit of the Wall Street investment bank was enhanced by higher revenue from trading bonds and equities.

The bank's trading business got a boost after the Swiss central bank scrapped the cap on the franc, the European Central Bank announced its quantitative easing program and the US Federal Reserve took steps to tighten monetary policy.

There was also a strong performance by global stocks. The firm's net profit rose up to 60% and profit of Goldman Sachs jumped to 41%.