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Wall Street lower as Amazon, technology stocks drag

U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China.

Recent Business News

Hasbro results beat as toymaker moves past Toys 'R' Us collapse

Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year's Toys 'R' Us bankruptcy, sending its shares up nearly 12 percent.

10:34am EDT

Facebook to double office presence in London

Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King's Cross - enough for more than 6,000 workstations.

Tech, Facebook 7:15am EDT

Fiat Chrysler loses another executive after Marchionne illness

MILAN Fiat Chrysler's European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars.

8:56am EDT

SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth: sources

DUBAI A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.

5:46am EDT

Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy

PHILADELPHIA By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt. | Video

11:25am EDT

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