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Friday, April 21, 2017

Stock futures little changed as French election in focus

(Reuters) - U.S. stock index futures were little changed on Friday as investors stayed away from making big bets ahead of the first round of the French presidential elections over the weekend.

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.

GE cash flow turns negative in quarter; profit, revenue beat

(Reuters) - General Electric Co reported on Friday that first-quarter cash flow from its industrial operations turned negative and was less than the company expected, though its earnings and revenue exceeded analyst estimates.

Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks

WASHINGTON (Reuters) - President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.

Honeywell profit beats as aerospace, energy businesses deliver

(Reuters) - Diversified U.S. manufacturer Honeywell International Inc reported quarterly profit ahead of analysts' estimates on Friday, as sales in its aerospace and energy businesses were higher than the company's forecast.

Elon Musk on mission to link human brains with computers in four years: report

(Reuters) - Tesla Inc founder and Chief Executive Elon Musk said his latest company Neuralink Corp is working to link the human brain with a machine interface by creating micron-sized devices.

Trump tax plan to rely on future U.S. growth to fund cuts: officials

WASHINGTON (Reuters) - U.S. President Donald Trump's tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers said on Thursday.

Apparel retailer Bebe Stores says 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.

Exxon probe is unconstitutional, Republican prosecutors say

NEW YORK (Reuters) - A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. violated consumer protection laws when selling fossil fuel products, according to a court filing.

Uber extends sexual harassment probe; expects report by end-May

(Reuters) - Uber Technologies Inc said it has extended its internal investigation into sexual harassment claims in its own organization, and a report is expected by the end of May.