reeling from a scandal over fake accounts that erupted in September, said it’s expanding a review that could lead to the bank finding “significantly” more cases. The bank’s “reasonably possible” legal charges could surpass its reserves by $3.3 billion as of June 30, up from an estimate of $2 billion at the end of March, the San Francisco-based lender said in a regulatory filing. Under Armour said it is cutting almost 2 percent of its workforce, and it lowered its full-year revenue outlook, despite a strong second quarter. A restructuring plan announced Tuesday will come with about $110 million to $130 million in related charges this year. Qatar Airways said it is dropping an attempt to buy a big stake in American Airlines, an audacious bid that had received a chilly reception from American. FedEx will skip special charges for most packages shipped during the holiday season this year as it seeks to undercut rival United Parcel Service in a fight for a larger share of the millions of items bought online. Lyft, the ride-hailing service, carried more passengers through June of this year than it did in all of 2016 as it capitalized on missteps by rival Uber. Ridership through June surpassed the record 162.5 million rides it gave in 2016, Lyft said.
Bridal retailer Alfred Angelo,
which filed for bankruptcy protection last month, has informed brides nationwide that they won’t be receiving the wedding dresses they ordered from the chain.
app is most popular for people younger than 25, who the company says spend an average of more than 32 minutes a day on the photo-sharing service. Instagram credits much of the growth in engagement to its “Stories” feature launched last year as a copycat to rival Snapchat’s own “Stories.” The function allows people to upload short videos that disappear after 24 hours.