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(Reuters) -Australian embattled casino group Star Entertainment Group said on Tuesday it has finalised discussions with lenders, securing a loan covenant waiver for September 30 under its syndicated facility agreement. The waiver, subject to the exchange of signed documentation, follows Star’s disclosure in its unaudited preliminary financial report for 2025, released on August 29, where …

Australia’s Star Entertainment secures loan covenant waiver Read More »

By Lisa Baertlein LOS ANGELES (Reuters) -U.S. delivery companies are on track to handle 2.3 billion packages this holiday season, 5% more than last year, as an extra shopping day helps offset the drag from President Donald Trump’s tariff policies, according to a forecast released on Monday. Investors are keen for information on the holiday …

US holiday package deliveries to rise 5% from 2024, ShipMatrix forecasts Read More »

(Reuters) -Chipmaker Wolfspeed said on Monday it has exited Chapter 11 bankruptcy after cutting its total debt by nearly 70% and lowering annual cash interest expense by roughly 60%. The company said it has sufficient liquidity to continue supplying customers with silicon carbide-based chips. Wolfspeed filed for Chapter 11 protection in late June in the …

Wolfspeed exits Chapter 11 bankruptcy, slashes debt and interest costs Read More »

(Reuters) -U.S. telecom company Verizon Communications is in discussions with EchoStar about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter. The discussions involve the satellite communications firm’s AWS-3 licenses, valuable for carrying 5G wireless signals, the report said. If the deal goes through, Verizon would join …

Verizon in talks to buy EchoStar wireless spectrum, Bloomberg News reports Read More »

By Roberto Samora SAO PAULO, Sep 29 (Reuters) -More Brazilians have reduced their coffee consumption, according to a bi-annual study carried out with over 4,000 people in Latin America’s largest economy reported on Monday. WHY IT’S IMPORTANT Brazil, the world’s largest coffee producer, is also the second largest coffee consumer, behind the U.S. Earlier this …

More people cutting coffee consumption in 2nd-largest market Brazil, study shows Read More »