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Technology stocks hit as Wall Street turns lower

U.S. stock indexes swung between gains and losses on Wednesday, as Boeing's jump after upbeat results and outlook was negated by declines in technology stocks and rising U.S. bond yields.

Recent Business News

U.S. sanctions encourage McDonald's to cook up Russian fries

LIPETSK, Russia French fries at McDonald's restaurants from Moscow to Murmansk will be Russian from now on, as U.S. sanctions have spurred on a shift by the American fast-food chain to use local potatoes.

11:19am EDT

General Electric workers, shareholders protest at annual meeting

IMPERIAL, Pennsylvania General Electric CO employees and shareholders voiced frustration on Wednesday with the company's poor performance, while attending the first annual meeting under Chief Executive Officer John Flannery, who has presided over a 43 percent decline in GE's stock price since taking over on Aug. 1.

12:04pm EDT

Twitter trounces estimates as growth moves overseas

Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue, profit and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads.

Tech, Twitter 10:58am EDT

Deutsche Bank gets permission to use Postbank deposits more widely

FRANKFURT The European Central Bank will allow Deutsche Bank to use deposits from its Postbank division elsewhere in the group, a spokesman for the German bank said on Wednesday, a move that may reduce the cost of financing its various operations.

12:21pm EDT

Boeing cruises past forecasts as margins, sales grow

Boeing Co's profit jumped by more than half in the first quarter, surging past Wall Street forecasts, and strong sales of commercial jets led it to raise its forecasts for cash flow and earnings after a record 2017. | Video

12:15pm EDT


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