Barclays (BCS) expects to report a "small reduction" in Q1 adjusted pretax profit due to a "significant" drop in revenue from the fixed-income credit and commodities (FICC) operations at the company's investment bank.
CEO Anthony Jenkins said the decline reflects "difficult market conditions and a strong comparative performance for Q1 last year."
Barclays' FICC woe echoes the sharp falls in revenue that JPMorgan, Goldman Sachs and Citigroup have suffered at their respective operations.
However, Barclays' cost-cutting program is beginning to show a "material benefit," Jenkins said.
Barclays disclosed the information prior to its annual meeting today.
Herbalife (HLF) disciplined almost 600 distributors last year for making false medical claims about the company's nutrition products. The company even stripped 12 people of their distributorships.
Herbalife disclosed the figures to ABC News following an undercover investigation in which the channel found distributors saying that the products could help treat illnesses such as diabetes, heart disease and even a brain tumor.
The investigation comes as Herbalife faces probes by several authorities into whether it is a pyramid scheme.
The FDA is set to unveil proposals to regulate electronic cigarettes, which will include an eventual ban on sales to anyone under 18. Manufacturers will also have to gain FDA approval for their products, disclose the chemicals used in the devices and add health warning about the addictiveness of nicotine.
The measures don't include a ban on TV ads, online sales or flavored versions.
Lorillard (LO) commands almost 50% of the e-cigarette market in convenience stores, while Altria Group (MO) and Reynolds American (RAI) are starting to ramp up their offerings.
President Barack Obama has warned Russia of further sanctions if it doesn't act to ease tensions in eastern Ukraine, as agreed upon in a peace deal signed last week in Geneva.
Obama's comments come after Russian Foreign Minister Sergei Lavrov yesterday declared that an attack on his country's citizens in Ukraine "is an attack against the Russian Federation." He added that "if we are attacked, we would certainly respond."