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Wall St. retreats from record levels as GE disappoints

U.S. stock indexes were lower in late morning trading and pulled back from record levels as weak earnings from industrial heavyweight General Electric weighed.

Recent Business News

Court blocks $18 billion British class action against MasterCard

LONDON A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked by a British court on Friday.

10:51am EDT

Bank of America picks Dublin as EU base after Brexit

LONDON/DUBLIN Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc.

9:58am EDT

Crimean scandal prompts Siemens to retreat from Russian energy

FRANKFURT/MOSCOW Germany's Siemens tried to distance itself from a Crimean sanctions scandal on Friday, halting deliveries of power equipment to Russian state-controlled customers and reviewing supply deals. | Video

German carmakers may have colluded on diesel systems: Spiegel

FRANKFURT Germany's carmakers VW , BMW, Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees, German magazine Der Spiegel reported on Friday.

Environment, Germany 10:03am EDT

Freeport Indonesia mine workers extend strike for fourth month

JAKARTA/TORONTO An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms.

10:39am EDT

Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 


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