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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

10:12am 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

Exclusive: General Electric's power unit faces threat in Saudi Arabia

NEW YORK and ABU DHABI One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.

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.

9:49am EDT

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