(Reuters) -Starbucks is set to reduce weekly production at its five U.S. coffee roasting and packaging facilities by two days starting in January, Bloomberg News reported on Friday, citing people familiar with the matter. The coffee chain, which is undergoing an overhaul under CEO Brian Niccol to cut costs and reinvest in its stores, has …
By Kyaw Soe Oo, Allison Lampert and Rajesh Kumar Singh (Reuters) -Many Air Canada flight attendants are dissatisfied with wage increases in a tentative agreement that ended a crippling strike earlier this week and union members may not approve the deal, cabin crew and a source familiar with the matter told Reuters. Five flight attendants …
Exclusive-Air Canada labor deal faces fierce opposition over wages, vote could fail Read More »
By Marianna Parraga HOUSTON (Reuters) -A U.S. court officer is preparing to recommend a winner in an auction for shares of Citgo Petroleum’s parent company, with affiliates of hedge fund Elliott Investment Management and miner Gold Reserve leading the competition for the U.S. refiner. U.S. court officer Robert Pincus faces a Monday deadline to determine …
Elliott, Gold Reserve affiliates work on offers for Citgo parent as bidding end looms Read More »
By Davide Barbuscia, Laura Matthews and Lewis Krauskopf NEW YORK (Reuters) -Investors cheered Federal Reserve Chair Jerome Powell’s Jackson Hole address, which gave a green light to buy risky assets on the hope the central bank is ready to cut rates, but took his dovish message with a note of caution as they see a …
Powell fires up markets, but some investors see reason for caution Read More »
By Arasu Kannagi Basil (Reuters) -Netskope recorded a 30.7% jump in revenue in the first half of fiscal 2026 while its net loss narrowed, the cybersecurity firm revealed on Friday in its U.S. initial public offering paperwork. The fall IPO window is poised to be a potentially busy one with a string of corporate issuers …
Cybersecurity firm Netskope reveals 31% revenue surge in US IPO filing Read More »
BRASILIA (Reuters) -Brazil’s state development bank BNDES announced on Friday a fresh credit line of 10 billion reais ($1.85 billion) for companies affected by steep U.S. tariffs. The BNDES credit is divided in a line for general operating expenses and another for searching new markets, and complements a 30 billion reais credit line unveiled by …
Brazil unveils new $1.9 billion credit line for companies hit by US tariffs Read More »
(Reuters) -Fitch affirmed the U.S. credit rating at “AA+” on Friday, highlighting concerns over rising debt levels while also citing the country’s large, high-income economy, and its financing flexibility due to the dollar’s role as global reserve currency. High fiscal deficits and increasing government debt levels constrain the U.S. rating, even if a surge in …
Fitch affirms US credit at ‘AA+’, rising debt a ratings constraint Read More »
By Sabrina Valle and Nathan Gomes (Reuters) -CSX and Berkshire Hathaway-owned BNSF on Friday announced new coast-to-coast services, a move that strengthens their freight connectivity but that tempers market expectations of an imminent merger between the two rail giants. Shares of CSX closed 3.6% lower after the announcement, but are up almost 8% so far …
CSX-BNSF railroad pact lessens expectations of quick merger, analysts say Read More »
SAO PAULO (Reuters) -Talks for Brazilian firm Novonor, formerly Odebrecht, to sell a controlling stake in petrochemical company Braskem to a fund backed by businessman Nelson Tanure continue, despite the end of a 90-day exclusive negotiation deadline, Braskem said in a securities filing on Friday. The exclusivity window has closed without both parties reaching an …
Braskem sale negotiations with Tanure fund persist despite end of exclusivity window Read More »
By Dan Catchpole (Reuters) -Boeing and officials of the striking machinists union are slated to resume contract negotiations on Monday, the company and union confirmed Friday. Roughly 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) went on strike at Boeing Defense’s St. Louis-area facilities on August 4 after rejecting the company’s …
Boeing Defense, striking machinists say negotiations will resume Monday Read More »
