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• U.S. Fed may cut interest on reserves next week - Morgan Stanley

  The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

• Oil major Total targets expansion in retail power market

  Oil major Total is picking up about 150,000 retail energy customers a month in France and is on course to hit its 2022 target for the business ahead of schedule, company executives said on Friday.

• UPDATE 10-Oil drops 3 pct after Trump again tells OPEC to lower prices

  * Profit-taking after oil's strongest bull run in at least a year

• UPDATE 5-American Airlines cuts outlook on 737 MAX, sees jets flying again by mid-August

  American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit the grounding of Boeing's 737 MAX planes during its busiest travel season, but said it was confident that the jets would start flying again by mid-August.

• UPDATE 2-U.S. opens criminal probe into Ford emissions certification

  The U.S. Justice Department has opened a criminal investigation into Ford Motor Co's emissions certification process in the United States, the automaker disclosed on Friday, saying it was cooperating fully with the probe and still conducting its own internal review.

• UPDATE 2-Activist investors pile on pressure for removal of Bed Bath & Beyond CEO

  A group of activist investors on Friday again urged Bed Bath & Beyond to replace Chief Executive Officer Steven Temares and laid out a plan including cost cuts and better inventory management to improve the retailer's profitability.

• WRAPUP 1-Exxon Mobil, Chevron dogged by refining, chemicals troubles

  Exxon Mobil Corp and Chevron Corp on Friday reported lower profits due largely to weakness in their refining operations and lower crude oil and natural gas prices.

• Brazil's Caixa to price $2.3 bln Petrobras share offering by late May- source

  Brazil's state lender Caixa Economica Federal expects to price the offering of its $2.3 billion stake in state-controlled oil company Petroleo Brasileiro SA by late May, one source with knowledge of the matter said.

• UPDATE 2-Ad firm Interpublic beats profit estimates on higher client spending

  Interpublic Group of Cos Inc beat Wall Street estimates for quarterly profit and revenue on Friday, as the U.S. advertising company benefited from higher client spending worldwide, sending its shares up as much as 6 percent.

• GLOBAL MARKETS-Stocks mostly inch up but dollar eases in wake of U.S. GDP data

  * Dollar slips and oil drops (Updates with early U.S. markets activity, changes byline and dateline, previous LONDON)

• US STOCKS-Tech stocks weigh on Wall St after weak Intel results

  * Indexes down: Dow 0.07%, S&P 0.02%, Nasdaq 0.26% (Changes comment, updates prices to late morning)

• Brazil's Guedes says Bolsonaro open to Petrobras privatization

  Brazil's government is not currently considering privatizing state-run oil producer Petroleo Brasileiro SA, but President Jair Bolsonaro has shown openness to the idea for the first time, the nation's economy minister said on Friday.

• GSK's HIV drug wins European panel thumbs-up

  GlaxoSmithKline Plc's two-drug treatment for HIV infections won marketing approval from a European Medicines Agency (EMA) panel on Friday, after the British drugmaker received a nod from the U.S. Food and Drug Administration earlier this month.

• Italian PM assures Huawei it won't face discrimination

  Italian Prime Minister Giuseppe Conte said on Friday he had assured China's Huawei Technologies that it would not face discrimination in the rollout of Italy's 5G telecoms network.

• UPDATE 3-Husky Energy urges end to Alberta oil curbs, records higher profit

  Husky Energy Inc, one of Canada's biggest integrated oil producers, urged the incoming Alberta provincial government on Friday to end mandatory production cuts, saying they have hurt the economy, even as the company posted higher quarterly profit.

• "Anemic" traffic raises doubts over Starbucks sales gains

  Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.

• UPDATE 1-Proxy adviser ISS recommends against three directors at Sturm Ruger

  Institutional Shareholder Services recommended investors withhold support from three directors at gunmaker Sturm Ruger & Co ahead of its May 8 annual meeting, the top proxy adviser said in a report seen by Reuters on Friday.

• EMERGING MARKETS-Latam FX up vs softer dollar, Argentina's peso licks its wounds

  Latin America currencies firmed against the dollar on Friday, with a resurgent Argentine peso taking back a chunk of ground lost during Thursday's turbulent session. The dollar slid after data showed a burst in first-quarter U.S. economic growth was driven by temporary factors that are likely to reverse in the coming quarters, providing pressured developing world currencies a welcome reprieve. Argentina's peso firmed about 1.8% on returning

• UPDATE 3-Italy bond yields fall on bets of S&P ratings non-event

  * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr (Updates move in Italy, adds fresh comment)

• Sri Lanka rupee falls for third session on fears after attacks

  The Sri Lankan rupee closed 0.2 percent weaker on Friday as worries about more bomb attacks after the Easter Sunday attacks weighed, while stocks edged up for the third straight session after hitting a more than six-year low early in the week. ** Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people, President Maithripal