Reuters US Business

By Gabriel Araujo SAO PAULO (Reuters) -Azul has reached a deal with its bondholders to obtain additional financing of up to $500 million, the Brazilian airline said on Monday, as part of restructuring it expects to ease market concerns about its debt load. Azul, which dominates Brazil’s airline industry along with LATAM and Gol, has …

Brazil’s Azul reaches deal with bondholders for up to $500 million in fresh financing Read More »

By Manya Saini and Niket Nishant (Reuters) – Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks. Two devastating hurricanes struck the Sunshine State in late September and early October, …

US regional banks with Florida operations brace for hurricane fallout Read More »

By Savyata Mishra (Reuters) – McDonald’s investors will look for signs of near-term sales disruption from the recent E. coli outbreak linked to its Quarter Pounder hamburgers when it reports third-quarter results on Tuesday. Last week’s outbreak has killed at least one person, while the number of infections have risen to 75, according to the …

McDonald’s E. coli outbreak could worsen near-term sales decline Read More »

By Ann Saphir (Reuters) – The nine days until Federal Reserve officials sit down to decide what to do next with interest rates features a veritable murderers’ row of events to shape their move – everything from key employment and inflation data to a closely fought U.S. presidential election. Even so, it’s not clear what …

Fed faces hefty data, political calendar before next policy meeting Read More »

By Michael Erman NEW YORK (Reuters) – Pfizer’s quarterly financial report on Tuesday comes at a critical moment for the U.S. drugmaker and its CEO, as activist hedge fund Starboard Value ramps up the pressure to demonstrate concrete results of a promised turnaround. Investors and analysts said they want to see improved profitability following the …

Pfizer management looks to show turnaround as Starboard looms Read More »

By Michelle Conlin NEW YORK (Reuters) – The U.S. commercial real estate industry is pushing for tax relief and incentives championed by former Republican President Donald Trump to continue in the next administration, as the sector struggles with surging delinquencies, record vacancy rates, and elevated costs of financing. Commercial real estate is especially vulnerable to …

Commercial real estate industry worries over higher taxes as election looms Read More »

By Blake Brittain (Reuters) -Apple convinced a federal jury on Friday that early versions of health monitoring tech company Masimo’s smartwatches infringe two of its design patents as part of a broader intellectual property dispute between the companies. The jury, in Delaware, agreed with Apple that previous iterations of Masimo’s W1 and Freedom watches and …

Apple wins $250 US jury verdict in patent case over Masimo smartwatches Read More »