Reuters US Business

By Juveria Tabassum and Waylon Cunningham (Reuters) -Chipotle Mexican Grill on Tuesday missed market expectations for third-quarter same-store sales growth as higher menu prices hurt demand, while steeper costs of ingredients such as avocados and dairy weighed on margins.  Shares of the company were down about 4% in extended trading after Chipotle also maintained its …

Chipotle Mexican Grill posts sales miss as pricey menu weighs on demand Read More »

By David Lawder (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that it was important to continue tailoring the complexity and severity of banking regulations to the activities of institutions to avoid undue compliance burdens, but said she is predisposed to robust capital requirements. Yellen, asked about a proliferation of regulatory burdens from multiple …

Yellen says tailoring bank rules helpful, but strong capital requirements needed Read More »

(Reuters) -Keith Gill, the stock influencer known as Roaring Kitty, has dissolved his entire stake in pet products retailer Chewy, a filing with the U.S. SEC showed on Tuesday. Chewy’s shares fell nearly 2% in extended trading. Known for his cryptic posts, Gill uses platforms like YouTube and Reddit to disclose his trading positions. In …

‘Roaring Kitty’ Keith Gill dissolves entire stake in Chewy, filing shows Read More »

(Reuters) – Netflix said on Tuesday that Vice President of Global Public Policy Dean Garfield, and Chief Communications Officer Rachel Whetstone are leaving the company. The streaming platform co-CEO Ted Sarandos is seeking candidates for a newly created role, chief global affairs officer, to oversee public policy and communications. A source familiar with the matter …

Netflix communications chief and global public policy executives to exit Read More »

(Reuters) – McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, said they experienced many symptoms associated with E.coli infection after buying Quarter Pounders this month. Both …

McDonald’s sued by consumers in proposed class action over E.coli outbreak Read More »

By Nate Raymond BOSTON (Reuters) – A former CEO of several publicly traded companies was sentenced on Tuesday to 10 months in prison after admitting he launched a fake $4 billion takeover bid for Getty Images Holdings to artificially inflate the visual media company’s stock price. Scott Murray, who previously served as chief executive of …

Investor gets prison time for fake $4 billion Getty Images takeover bid Read More »

(Reuters) -Visa is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported on Tuesday, as the card giant looks to streamline its international business. About 1,000 of the cuts are expected to eliminate technology positions, the WSJ reported, citing people familiar with the matter. …

Visa to lay off around 1,400 employees and contractors, WSJ reports Read More »

By Noe Torres and Adriana Barrera MEXICO CITY (Reuters) -Mexican state-owned oil company Pemex reported a deeper $8.2 billion third-quarter net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country’s new government. The company, in a filing with the Mexican stock exchange, posted a loss …

Mexico’s Pemex posts wider third-quarter loss, hit by weaker peso Read More »