Reuters US Business

By David Shepardson WASHINGTON (Reuters) -Delta Air Lines Chief Executive Ed Bastian says the airline has issued $6 billion in refunds since 2020 for canceled or significantly changed flights and detailed steps it has taken to improve customer service. “Since the beginning of 2020 we’ve refunded over 11 million tickets totaling $6 billion, of which …

Delta issued $6 billion in refunds since 2020 due to flight disruption Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended the month with their fourth straight daily decline on Wednesday, cementing the weakest August performance in seven years as worries about aggressive interest rate hikes from the Federal Reserve persist. Adding to pressure were declines in the technology sector, and more specifically chipmakers, after soft …

Wall Street ends August with a whimper on Fed worry Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Asian markets kick off the new month on Thursday, glad to see the back of a turbulent August but wary of what September holds. The driving forces last month – heavy selling in fixed income, rising global interest rate expectations, the …

Summer’s almost gone Read More »

By Davide Barbuscia NEW YORK (Reuters) – Investors in the $23 trillion U.S. Treasury market are slicing up orders and switching to more easily traded issues, adapting to navigate periodic illiquidity that looks to get worse as the U.S. Federal Reserve reduces the size of its bond portfolio. The Fed kicked off “quantitative tightening” (QT) …

Analysis-U.S. Treasury traders switch strategies as liquidity problems worsen Read More »

By Dawn Chmielewski and Sheila Dang bu(Reuters) – Netflix Inc lured two of Snap Inc’s top executives to lead its advertising sales team, the company announced Tuesday, poaching two people that lent the social media company credibility with brand marketers. Netflix confirmed it hired Snap’s chief business officer, Jeremi Gorman, as its new president of …

Netflix hires two top ad executives from Snap Read More »

(Reuters) -Snap Inc said on Tuesday its two senior advertising executives have exited the company, hours after a report disclosed the Snapchat parent was planning to cut about 20% of its workforce. The executives Jeremi Gorman, chief business officer, and Peter Naylor, vice president of ad sales for the Americas, will join Netflix Inc, the …

Snap top ad executives exit amid report on staff cut plans Read More »

NEW YORK (Reuters) -Goldman Sachs Group Inc will lift pandemic-era protocols at its offices effective Sept. 6, according to an internal memo reviewed by Reuters. The Wall Street investment bank had already called its employees back to the office full time in June last year, although it relaxed those requirements during periods when coronavirus cases …

Goldman Sachs to lift COVID protocols – memo Read More »

By Ana Mano and Gabriel Araujo SAO PAULO (Reuters) – Brazilian food processor BRF SA said on Tuesday that chief executive Lorival Luz has resigned and will be replaced by Miguel Gularte, a top executive at beef-packer Marfrig Global Foods SA. Shares in the poultry and pork processor were around 6% higher in early trading …

Brazilian food processor BRF CEO resigns, shares close lower Read More »

By Hilary Russ NEW YORK (Reuters) -Whether they are selling burgers, pizza or pancakes, major U.S. restaurant chains are short-staffed – and they expect to stay that way. To get by with their existing workforce, they have cut hours and streamlined operations. Staffing at IHOP and at Applebee’s Grill + Bar chains, both owned by …

Restaurants’ new normal: fewer cashiers, chefs and wait staff Read More »

By Ana Mano SAO PAULO (Reuters) – Brazilian aluminum producer Companhia Brasileira de Aluminio and green economy project developer Reservas Votorantim are issuing Latin America’s first carbon credits from the Cerrado biome, they said jointly on Tuesday. Reservas Votorantim has certified an area covering 11,500 hectares (28,417 acres) in the state of Goias, where it …

Brazil’s CBA, Reservas Votorantim issue first carbon credits from Cerrado biome Read More »