Reuters Before the Bell: May 4, 2017

Click to View in Browser Thursday, May 4, 2017 French bank SocGen settles dispute with Libyan Investment Authority PARIS (Reuters) - French bank Societe Generale and the Libyan Investment Authority (LIA) have signed a confidential agreement to settle a legal dispute regarding a case focused on five trades totaling $2.1 billion, executed between 2007 and 2009. Asian stocks retreat, dollar holds near six-week high on hawkish Fed SINGAPORE (Reuters) - Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve's hawkish policy statement. Facebook shares dip from high as investors fret over costs, future profit (Reuters) - Facebook Inc reported surging quarterly profit and revenue on Wednesday, helped by its fast-growing mobile ad business, but its shares dipped from a record high in after-hours trading as investors showed some nervousness about future earnings. Oil eases, near weakest since late March on small U.S. stocks decline SINGAPORE (Reuters) - Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. UBS breaks ranks with push for mid-tier Asian millionaires HONG KONG (Reuters) - UBS Group AG plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. Herbalife CEO talks about obesity, vindication at Milken Conference BEVERLY HILLS, Calif. (Reuters) - After years of discord with a prominent hedge-fund manager, a federal investigation and bad publicity, Herbalife Ltd Chief Executive Officer Michael Johnson is taking a victory lap. Apple to create $1 billion U.S. advanced manufacturing fund SAN FRANCISCO (Reuters) - Apple Inc plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating U.S. jobs. Morgan Stanley drops Vanguard mutual funds NEW YORK (Reuters) - Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm. Tesla plugs older Model S as new buyers turn to Model 3 SAN FRANCISCO (Reuters) - Electric-car maker Tesla Inc on Wednesday reported first-quarter revenue that more than doubled, and while saying the upcoming Model 3 was on schedule for July, it downplayed the mass-market vehicle to give a sales pitch for its more expensive Model S. Spam campaign targets Google users with malicious link (Reuters) - Alphabet Inc warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked. Related Video Uber at the center of a high stakes lawsuit Facebook warns again on ad growth, shares dip from high Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. 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