Sector Update: Consumer

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Consumer shares were generally higher in pre-market trade Monday.

In consumer sector news, Apple Inc ( AAPL ) is in talks with Comcast Corp ( CMCSA ) to allow its TV service's traffic to be separated from public internet traffic over the "last mile" to allow for faster transmission, the Wall Street Journal reported.

The discussions are in early stages and there are a lot of hurdles to be crossed before a definitive agreement could be reached, it said.

Apple shares are up 1.2% pre-market to trade recently at $539.64, in a 52-week range of $385.10 - $575.14. Comcast was also up 1.2% at $50.61.

And, Herbalife ( HLF ) shares are up 7% pre-market after the weight-loss and nutrition products company said it has reached an agreement to appoint three directors nominated by activist investor Carl Icahn to its board.

"This is a very positive agreement and we appreciate the Icahn Parties' shared confidence in Herbalife's continued success," said Michael O. Johnson, chairman and CEO.

The new directors are Hunter C. Gary, Jesse A. Lynn and James L. Nelson.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AAPL , CMCSA , HLF

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