Reuters Business Today: June 5, 2017

Click to View in Browser Monday, June 5, 2017 Oil dips as Qatar rift seen threat to output cuts, sterling firms LONDON (Reuters) - Oil prices fell on Monday on concerns a diplomatic rift among some of the Arab world's major energy producers could weaken a global deal on output cuts, while sterling shrugged off a deadly attack in London and focused on this week's UK election. U.S. first-quarter productivity unchanged; labor costs revised down WASHINGTON (Reuters) - U.S. worker productivity was not as weak as initially thought in the first quarter, but the persistently soft trend is an obstacle to faster economic growth. Big oil, small U.S. towns see new reward in old production technique HOBBS, New Mexico (Reuters) - Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank. 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. Foxconn says Apple, Amazon to join its bid for Toshiba chip business: Nikkei TOKYO (Reuters) - Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday. Homebuilder D.R. Horton offers to buy 75 percent of Forestar for $520 million (Reuters) - U.S. homebuilder D.R. Horton Inc said on Monday it had offered to buy 75 percent of real estate development company Forestar Group Inc for about $520 million. Blackstone offers $2 billion for Finnish real estate firm Sponda HELSINKI (Reuters) - U.S. private equity group Blackstone Group said on Monday it had offered to buy all shares in Finnish real estate investment company Sponda for about 1.8 billion euros ($2.0 billion) as it seeks to expand its real estate business in the Nordic region. Deutsche Bank asks for more time for U.S. query on Trump, Russia: source FRANKFURT (Reuters) - Germany's largest bank has asked for more time to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump's possible ties to Russia, a person familiar with the matter said on Monday. Canada beats U.S. in pork sales to China - feet, elbows and all WINNIPEG/CHICAGO/BEIJING (Reuters) - Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Goldman, Nomura heeded warnings before Venezuela bond deal CARACAS/NEW YORK (Reuters) - In early May, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean dealing directly with a Venezuelan state bank, according to people familiar with the talks. Related Video U.S. oil firms turn to CO2, and Congress, to help cut costs Tech leads Wall Street higher Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. 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