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Wall St. declines as earnings take center stage

U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports. | Video

Recent Business News

Buyout funds eye alliances for SABMiller's Pilsner, east Europe brands

LONDON/PRAGUE U.S. and European buyout funds are gearing up for SABMiller's sale of its central and eastern European beer brands, with some seeking to join forces to snap up assets worth up to 7 billion euros ($7.7 billion), sources familiar with the matter said.

8:30am EDT

Fiat Chrysler review shows U.S. sales figures were inflated: report

DETROIT An internal review begun at Fiat Chrysler Automobiles in 2015 found its U.S. sales figures were inflated, partly due to pressure to keep a year-over-year monthly sales streak alive, the Automotive News reported on Monday, citing two sources at the automaker.

9:59am EDT

Sprint says to be cash-flow positive next year, shares soar

Sprint Corp reported better-than-expected first-quarter revenue as big discounts attracted more postpaid subscribers, and the No. 4 U.S. wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this year.

1:37pm EDT

Starbucks shuffles management as it rolls out new store concepts

Starbucks Corp on Monday said it was tweaking its management structure as part of a long-range growth strategy that includes opening new retail concepts, including upscale coffee shops and bakery outlets.

2:06pm EDT

Star Wars may propel U.S. toy industry to best year since '99: NPD

The Force is with the U.S. toy industry this year.

2:53pm EDT

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