Reuters

SAO PAULO (Reuters) - Brazilian telecommunications operator Telefonica Brasil posted on Tuesday a net profit below analysts' expectations, even though it increased by 7.3% in the first quarter from a year earlier.

The firm, which is controlled by Spain's Telefonica, posted an 896 million real ($176.5 million) net profit for the quarter ended in March, while analysts polled by LSEG expected a 1.03 billion real net profit.

Its net... (continue reading...)

(Reuters) - Fast-food chain Panera Bread is phasing out "Charged Sips", its line of caffeinated drinks, a company spokesperson said on Tuesday.

The beverage line has been the subject of multiple lawsuits over the past few months by people who have said the drinks caused health problems, according to various media reports.

Last year, a 21-year-old Ivy League student with a heart condition died after drinking Panera Bread's Charged... (continue reading...)

(Reuters) - Chilean retailer Falabella on Tuesday posted a net profit for the first quarter, reversing a year-ago loss, boosted by operations in Peru.

The store operator and financial services provider's net profit reached 58.50 billion pesos ($59.55 million) for the January-to-March period.

The result was driven by an operating profit from the retailer's Peru unit, while its units in Chile, Colombia and Brazil trimmed year-ago losses.

By David Shepardson

WASHINGTON (Reuters) - U.S. House and Senate negotiators have agreed to revise language in an aviation reform bill to ensure quick refunds for airline passengers whose flights are canceled and who are not seeking alternative flights.

On April 24, the U.S. Transportation Department finalized new rules that will later this year require automatic cash refunds for canceled flights when passengers choose not to take a new... (continue reading...)

(Reuters) - Twilio forecast second-quarter revenue below Wall Street estimates on Tuesday, expecting a slowdown in demand as customers cut back on discretionary spending amid economic uncertainty.

Shares of the San Francisco-based cloud communications company fell more than 6% in aftermarket trading.

Twilio, which makes products that help developers build communication features such as messaging and phone calls, is seeing slowing revenue... (continue reading...)