Reuters Business Today: March 31, 2017

Click to View in Browser Friday, March 31, 2017 Wall Street's rock-solid quarter ends with a loss (Reuters) - Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations. Major internet providers say will not sell customer browsing histories WASHINGTON (Reuters) - Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers' individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules. Fed signals it could promptly start shedding bonds from portfolio this year NEW YORK (Reuters) - The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as this year, earlier than most economists expect, New York Fed President William Dudley said on Friday in the central bank's most definitive comments on the question that looms over financial markets. Credit Suisse under fire as clients hunted for tax evasion AMSTERDAM/ZURICH (Reuters) - Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. DuPont in asset deal with FMC, delays close of Dow merger (Reuters) - DuPont said on Friday it would buy a unit of FMC Corp and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical , and delayed the deal's closing for the third time. Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. Snapchat adds more accessible search feature (Reuters) - Snap Inc said on Friday its Snapchat messaging app would add an option for users to search through photos and videos that users have posted to the public. BlackRock's active gambit ups pressure on rivals NEW YORK/BOSTON (Reuters) - BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12-year decline in assets. Toshiba likely to miss quarterly earnings deadline for third time: sources TOKYO (Reuters) - Toshiba Corp will likely miss a third deadline to report its quarterly business results, two sources told Reuters, forcing the Japanese conglomerate to ask for a fresh extension or face a possible delisting from the Tokyo Stock Exchange. Oil retreats, set to become first quarter's worst-performing asset NEW YORK (Reuters) - Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut. Related Video Boeing puts the biggest Dreamliner to the test Trump turns to Wall St. guns for tax push Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook