06:33 AM EDT, 07/05/2024 (MT Newswires) -- Discover Financial Services ( DFS ) said late Wednesday in an 8-K filing it agreed to settle claims by merchants related to a card product misclassification. Terms of the settlement were not disclosed, but the lender said it expects all payments under the settlement to be covered by the $1.2 billion it already...

06:35 AM EDT, 07/05/2024 (MT Newswires) -- There was no 'smoking gun' in the minutes of the June Reserve Bank of Australia (RBA) Board meeting to suggest a rate hike in August is its base case, noted ANZ Bank. The bank continues to expect the cash rate to be on hold at 4.35% until the first 25bps cut in February...

BRUSSELS (Reuters) - The European Commission said on Friday it had requesting Amazon ( AMZN ) provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act (DSA) obligations. In particular, Amazon ( AMZN ) is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender...

06:43 AM EDT, 07/05/2024 (MT Newswires) -- Macy's (M) is the target of a $6.9 billion buyout attempt by investors who have previously failed to acquire the retailer, The Wall Street Journal reported Wednesday, citing unnamed people familiar with the matter. Arkhouse Management, an investment firm concentrated in real estate, and asset manager Brigade Capital Management, raised their bid for...