Reuters - Daily Investor Update

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Monday, June 5, 2017

Herbalife says second-quarter sales to fall more than expected

(Reuters) - Herbalife Ltd said on Sunday it expects current-quarter revenue to fall more than previously expected, after sales were hurt amid efforts by the nutritional supplement maker to comply with regulatory requirements related to its business practices.

Herbalife hires new lawyer, makes personnel changes: source

BOSTON (Reuters) - Herbalife Ltd has named a new acting general counsel in a wave of management changes as the nutrition and supplements company works to comply with a legal settlement with U.S. regulators last year over deceiving customers, according to a person familiar with the hiring decision.

Wall Street dips; 2017's laggards tick up, Apple slips

NEW YORK (Reuters) - Stocks dipped on Wall Street on Monday as a drop in Apple partly offset gains in energy and financial stocks, some of the market's worst-performing sectors so far this year.

U.S. Supreme Court to settle major cellphone privacy case

WASHINGTON (Reuters) - Police officers for the first time could be required to obtain warrants to get data on the past locations of criminal suspects based on cellphone use under a major case on privacy rights in the digital age taken up by the U.S. Supreme Court on Monday.

Apple debuts HomePod speaker to bring Siri into the living room

SAN JOSE, Calif. (Reuters) - Apple Inc on Monday introduced the HomePod speaker to compete with Amazon.com Inc's Alexa assistant and Echo devices for users who prefer voice-operated systems for shopping, planning and other tasks.

Oil falls 1 percent on fears Mideast rift could harm OPEC cuts

NEW YORK (Reuters) - Oil prices fell nearly 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.

Stocks dip, dollar rises as oil sinks on Mideast rift

NEW YORK (Reuters) - World equity markets fell with oil prices on Monday amid concerns a diplomatic rift among some key Middle Eastern energy producers may weaken a pact on output cuts, and the U.S. dollar rebounded from a near seven-month low against the euro.

Exclusive: U.S.-Mexico sugar deal struck ahead of NAFTA talks; industry divided

MEXICO CITY (Reuters) - The U.S. and Mexican governments reached a deal in a dispute over trade in sugar on Monday, sources said, averting steep U.S. duties and Mexican retaliation by Mexico on imports of American high-fructose corn syrup ahead of the renegotiation of NAFTA.

Airlines hold fast to global consensus in fractured world

CANCUN, Mexico (Reuters) - Global airlines made a full-throated defense of globalization on Monday at their largest annual gathering, vowing not to give up on climate change agreements and calling for a swift resolution of a diplomatic rift threatening air travel in the Middle East.

Airbus says may have to cut A380 production further

CANCUN, Mexico (Reuters) - Airbus , Europe's largest aerospace company, raised the prospect on Monday of a new cut in production of its A380 superjumbo because of weak sales but pledged to try to make sure the struggling project still breaks even.