Reuters Business Today: April 19, 2017

Click to View in Browser Wednesday, April 19, 2017 IBM sends S&P 500, Dow lower; Nasdaq advances NEW YORK (Reuters) - The S&P 500 and Dow closed lower and the Nasdaq advanced on Wednesday as investors digested the latest round of earnings, while a drop in oil prices weighed on the energy sector. Exxon will not say if it is seeking waiver from Russia sanctions HOUSTON (Reuters) - Exxon Mobil Corp on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia. Ebay forecasts second-quarter profit below estimates (Reuters) - E-commerce company eBay Inc on Wednesday forecast current-quarter profit largely below expectations, sending its shares down as much as 4.5 percent in extended trading. AmEx profit tops estimates as card members spend more (Reuters) - American Express Co on Wednesday posted a better-than-expected first-quarter profit, helped in part by higher spending by card members, and the company's shares rose 2.3 percent in trading after the bell. U.S. economy shows only modest signs of inflation pressures: Fed WASHINGTON, (Reuters) - The U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers, the Federal Former U.S. deputy attorney general to be named Volkswagen monitor: source WASHINGTON (Reuters) - The U.S. Justice Department is expected to name a former deputy attorney general under President George W. Bush to serve as independent monitor of Volkswagen AG as part of a plea agreement over the automaker's diesel emissions scandal, a source briefed on the matter said Wednesday. Trump 'absolutely not' trying to talk down dollar: Mnuchin LONDON (Reuters) - U.S. President Donald Trump is "absolutely not" trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times on Wednesday. Chipmaker Qualcomm's revenue falls 9.6 percent (Reuters) - Qualcomm Inc , the largest maker of chips used in smartphones, reported 9.6 percent fall in quarterly revenue, hurt by an arbitration decision to pay Canada's BlackBerry Ltd for previously received royalties. Booming ETFs help BlackRock weather investors' cost-cutting NEW YORK (Reuters) - BlackRock Inc , the world's biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company's share price slipped as revenue fell short of analysts' expectations. U.S. regulator knocks its own handling of Wells Fargo sales scandal WASHINGTON (Reuters) - Wells Fargo & Co and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to the regulator's review of the scandal. Related Video Fox News fires Bill O'Reilly over sex harassment allegations Morgan Stanley's profit surges 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