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By Sam Forgione NEW YORK (Reuters) - Disappointing corporate earnings handed European shares their biggest daily decline in over a week on Tuesday and left U.S. stocks little changed, while Iran's seizure of a cargo ship in the Persian Gulf lifted oil prices. European shares tumbled following some weaker-than-expected corporate updates, with paper maker UPM-Kymmene slipping after results while a new share issue hit Commerzbank.
NEW YORK (AP) — U.S. stocks fluctuated between gains and losses Tuesday as investors worked through the latest round of earnings reports. Pharmaceutical stocks rose after drug giant Merck reported better-than-expected results.