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BMW profit hit by anti-trust case, spending on technology

German automaker BMW says its profits fell 74 percent in the first quarter as earnings were hit by a 1.4 billion-euro ($1.6 billion) set-aside for an expected anti-trust penalty from the European Commission and by higher up-front costs for new technology and factories.

Asia stocks mostly higher after Trump trade threat

U.S. stocks fell sharply at the opening of trading Monday, following a sell-off in Europe and Asia, after President Donald Trump threatened to escalate a trade war between the world's two largest economies.

Business Highlights

___ US-China deal seems dim but possible as talks stay on track BEIJING (AP) — President Donald Trump's new threat to escalate tariffs on Chinese goods has clouded prospects for a trade agreement, though preparations by Beijing's envoys to still visit the United States this week are buoying hopes for some breakthrough to end the trade war between the world's two largest economies.

Anadarko, Sysco rise while Boeing, PetMed fall

Stocks that moved substantially or traded heavily on Monday: Anadarko Petroleum Corp., up $2.77 to $75.49 Occidental revised its bid for the oil company by raising its cash portion of the offer to $59 from $38 per share.