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Wall Street lower on weak earnings, escalating trade tensions

U.S. stock indexes were trading lower on Thursday, as a batch of weak quarterly reports dampened a robust earnings season and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.

Recent Business News

China says U.S. blaming Xi for blocking trade deal is 'bogus'

BEIJING China said on Thursday comments made by a senior White House official blaming Chinese President Xi Jinping for blocking progress on a deal to avert a trade war were "shocking" and "bogus" accusations. | Video

9:50am EDT

Firmer U.S. dollar boosts corporate interest in currency hedging

By Saqib Iqbal Ahmed, Jessica DiNapoli and Caroline Valetkevitch

10:29am EDT

EU readies new trade retaliation list before Trump visit

BRUSSELS The European Union's trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars.

6:50am EDT

EU regulators charge Qualcomm with additional violation in pricing case

BRUSSELS EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.

10:31am EDT

Aviation industry urged to hire more women as staff shortages loom

FARNBOROUGH, England Executives from top aerospace and aviation companies called on Thursday for stepped-up efforts to attract more women, saying this could help solve looming shortages of pilots, mechanics and top managers in the traditionally male-dominated sector.

11:43am EDT

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