Reuters Daily Investor Update: April 21, 2017

Click to View in Browser Friday, April 21, 2017 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. 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. Oil slides on supply fears; euro and stocks slip before French election NEW YORK (Reuters) - Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday. Trump to order U.S. Treasury to delve into taxes, post-crisis reforms WASHINGTON (Reuters) - U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. Honeywell profit beats; shares hit record high (Reuters) - Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high. 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. 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. 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. South Korea to raise issue of U.S. steel import restrictions at WTO SEOUL (Reuters) - South Korea plans to raise the issue of U.S. restrictions on steel imports at World Trade Organization committee meetings next week, its trade ministry said on Friday. Struggling apparel retailer Bebe to shut all stores (Reuters) - Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses. Related Video Venezuela: pressure mounts on Maduro, economy Volkswagen put on probation, hit with criminal fine Related News Investors not yet ruffled by looming government shutdown Prudential's Peters says risk-reward for junk bonds 'not favorable' 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