Reuters Daily Investor Update: April 18, 2017

Click to View in Browser Tuesday, April 18, 2017 Banned at sea: Venezuela's crude-stained oil tankers HOUSTON/PUNTO FIJO, Venezuela (Reuters) - In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters. Despite alliance, Russian shipper holds Venezuela oil hostage over debts ST. EUSTATIUS/HOUSTON (Reuters) - Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million - money the crisis-stricken nation desperately needs. IBM revenue misses estimates for first time in five quarters (Reuters) - International Business Machines Corp reported a bigger-than-expected drop in revenue for the first time in five quarters, hurt by weak demand in its technology services business. Goldman Sachs, J&J pull Wall Street lower NEW YORK (Reuters) - The S&P 500 fell for the fourth time in five sessions on Tuesday, weighed down by a drop in Goldman Sachs and Johnson & Johnson following their quarterly results, while geopolitical tensions added to investor caution. Yahoo's first-quarter revenue jumps 22 percent (Reuters) - Yahoo Inc reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc . Oil dips, hits 11-day low as U.S. shale output seen surging NEW YORK (Reuters) - Oil prices fell on Tuesday, touching their lowest in 11 days as bearish positions were fueled by a U.S. government report which said shale oil output in May was expected to post the biggest monthly increase in more than two years. U.S. top court questions SEC's powers to recover ill-gotten profits WASHINGTON (Reuters) - The U.S. Supreme Court, in a case with wide consequences for the policing of Wall Street, indicated on Tuesday it may diminish the Securities and Exchange Commission's ability to get back ill-gotten profits reaped through defendants' misconduct. Sterling soars; stocks and U.S. dollar off on geopolitical angst NEW YORK (Reuters) - Sterling jumped, along with gold, while stocks and the U.S. dollar fell on Tuesday after Britain called a snap election for June, adding to investor concerns over geopolitical instability. FGL terminates takeover deal by Chinese insurer Anbang SHANGHAI - U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) said on Tuesday it has terminated its agreement to be acquired by Anbang Insurance Group Co Ltd, becoming the latest deal involving the Chinese insurer to have fallen through in recent years. United chief met Chinese officials over dragged passenger NEW YORK (Reuters) - The head of United Airlines met with the Chinese consulate in Chicago over the possible impact to bookings from a customer being dragged off a plane but it was too early to tell if business in China had been hit by the event, the company said. Related Video Boeing to lay off hundreds more engineers - source Goldman Sachs profit misses Related News Wall Street banker Cohn moving Trump toward moderate policies Bank of America's wealth revenue rises on assets under management, fees Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. 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