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Earnings deluge could make or break sentiment

NEW YORK (Reuters) – Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies. FILE PHOTO – A chart…

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Wisconsin governor says he wants to renegotiate Foxconn contract

(Reuters) – Wisconsin’s governor said on Wednesday he wants to renegotiate the state’s contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the state. FILE PHOTO: President Donald Trump, along with Terry Gou, founder and chairman of Foxconn, and…

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FCC set to block China Mobile bid to provide U.S. services

(Reuters) – Federal Communications Commission chairman Ajit Pai said on Wednesday he opposes China Mobile Ltd’s bid to provide U.S. telecommunications services, citing security risks, and said the commission will vote on whether to deny the company’s application in May. FILE PHOTO: Chairman of the Federal Communications Commission Ajit Pai speaks at…

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Asian shares off nine-month peak, European PMIs in focus

TOKYO (Reuters) – Asian shares slipped on Thursday after losses on Wall Street but trade was subdued as investors awaited business surveys in Europe and largely stayed on the sidelines ahead of the long Easter weekend holiday. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside…

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Explainer: How 5G drove moves by Apple, Qualcomm and Intel

SAN FRANCISCO (Reuters) – Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business. FILE PHOTO: Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken March…

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Amazon to close domestic marketplace business in China: sources

SAN FRANCISCO/SHANGHAI (Reuters) – Amazon.com Inc plans to close its domestic marketplace in China by mid-July, people familiar with the matter told Reuters, focusing efforts on more lucrative businesses selling overseas goods and cloud services in the world’s most populous nation. FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building…

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