Reuters US Business

BRASILIA (Reuters) -Brazil’s central bank is not competing with financial or payment institutions through its operation and regulation of the widely used instant payments system Pix, said Renato Gomes, the institution’s financial system organization director.  In remarks released by the central bank on Wednesday, Gomes said the institution “plays the role of a neutral agent, …

Brazil’s central bank says its Pix system is not a threat to payments companies Read More »

(Reuters) -Warner Bros Discovery on Wednesday named former media executive Brad Singer as the chief financial officer for its studio and streaming business after completion of the company’s planned separation next year. Singer will report to David Zaslav, who is set to become president and CEO of Warner Bros. They earlier worked together at Discovery …

Brad Singer named finance chief of post-split Warner Bros Read More »

WASHINGTON (Reuters) -Cracker Barrel said on Tuesday that it will stick with its decades-old logo, scrapping plans for a new one following social media backlash, including from U.S. President Donald Trump. “We thank our guests for sharing your voices and love for Cracker Barrel. We said we would listen, and we have. Our new logo …

Cracker Barrel sticks to old logo after social media backlash Read More »

By Jonathan Stempel (Reuters) -Delta Air Lines agreed to pay $78.75 million to resolve a class action lawsuit over a 2020 fuel dump that doused tens of thousands of properties, including homes and schools, in Los Angeles and Orange counties in California. A proposed preliminary settlement was filed this week in Los Angeles federal court, …

Delta to pay $78.75 million to resolve fuel dump lawsuit Read More »

By Milana Vinn (Reuters) -JPMorgan Chase has rehired Ofer Harduf from venture capital firm Fifth Wall as the bank continues to bolster its technology team, according to an internal memo seen by Reuters. Harduf, who will be a managing director in the technology M&A group, will be based in San Francisco. He returns to JPMorgan …

Ofer Harduf rejoins JPMorgan from venture capital firm as bank expands tech team, memo shows Read More »

By Juveria Tabassum and Sanskriti Shekhar (Reuters) -Kohl’s raised its annual profit forecast on Wednesday as the U.S. department store chain’s years-long turnaround reduces costs and its fresher product line-up brings back customers, sending its shares up 20% in early trading. The company also reported a second straight quarter of sales beat as efforts to …

Kohl’s sharper focus on turnaround drives profit lift, shares surge Read More »