Reuters Business Today: April 21, 2017

Click to View in Browser Friday, April 21, 2017 Wall Street dips before French election, but up for week NEW YORK (Reuters) - U.S. stocks dipped on Friday as investors were cautious ahead of the first round of the closely contested French presidential election, but the S&P 500 managed to notch its first weekly gain in three. U.S. judge sentences Volkswagen to three-years' probation, oversight DETROIT (Reuters) - A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. GE shares fall on cash, business worries though profit beats NEW YORK (Reuters) - General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow. Wells Fargo expands settlement to include more customer accounts (Reuters) - Wells Fargo & Co said it would expand its class action settlement related to the lender's retail sales practices to include customer accounts as early as May 2002. United CEO Munoz will not chair board in 2018 following passenger removal NEW YORK (Reuters) - United Airlines Chief Executive Oscar Munoz will not chair the company's board in 2018, it said in a regulatory filing on Friday, following a high-profile incident in which an elderly passenger was dragged from a flight. Wall Street gears up for busiest earnings week in years NEW YORK (Reuters) - Forget about French elections or the flagging Trump trade. Trump sets U.S. tax reform announcement, orders tax rule review WASHINGTON (Reuters) - President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills. U.S., global financial leaders skirt trade frictions, tout collaboration WASHINGTON (Reuters) - Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president's plans remains unclear. Oil dives, U.S. crude below $50 for first time in two weeks NEW YORK (Reuters) - Oil prices tumbled more than 2 percent on Friday, on track for the biggest weekly drop in a month, on renewed concerns that increasing U.S. production and high inventories will thwart OPEC's attempts to reduce the global crude glut. Investors not yet ruffled by looming government shutdown NEW YORK (Reuters) - U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle. Related Video Venezuela: pressure mounts on Maduro, economy Volkswagen put on probation, hit with criminal fine 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