European shares trading in New York Friday fell on disappointing earnings results that struck technology stocks particularly hard and rising oil prices.
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European stock markets failed to hold early gains Friday, as rising oil prices knocked shares of automakers, Infineon Technologies posted a bigger-than-forecast loss in a surprise announcement and U.S. stocks tumbled in early trading.
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German computer chip maker Infineon Technologies on Friday said it's going to post a quarterly loss of $221 million, hurt by weakness in its memory chip division that it may sell this summer.
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