UPS lowers 2023 revenue expectations, citing tentative labor deal with 340,000 unionized workers
Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion, primarily due to a tentative labor contract reached late last month with its 340,000 unionized workers
2023-08-08 19:59
Moody's warns it could cut credit ratings of 6 big US banks
Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.
2023-08-08 19:57
U.S. backs West African diplomatic efforts on Niger, junta unresponsive
By Boureima Balima and Abdel-Kader Mazou NIAMEY (Reuters) -The United States on Tuesday backed efforts by West African countries to
2023-08-08 19:57
UK Electoral Commission says it was hacked by 'hostile actors'
LONDON (Reuters) -Britain's Electoral Commission said on Tuesday it had been targeted in a complex cyber incident first identified last
2023-08-08 19:54
Singapore PM Lee reassures public amid political scandals, inflation
SINGAPORE (Reuters) -Singapore Prime Minister Lee Hsien Loong on Tuesday sought to reassure the public after a spate of political
2023-08-08 19:50
Thousands of flights are delayed or canceled following severe storms
Thousands of flights have been delayed or canceled Tuesday following a round of severe storms that hammered the eastern United Sates.
2023-08-08 19:27
UPS Cuts Forecast With Costs Set to Rise After Union Deal
United Parcel Service Inc. lowered its full-year profit forecast as the courier contends with shifting consumer habits and
2023-08-08 19:26
Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:26
Under Armour beats quarterly sales estimates on steady demand
(Reuters) -Under Armour beat market expectations for first-quarter revenue on Tuesday, as discounts upheld demand for the sportswear maker's clothes
2023-08-08 19:20
UPS says its profit will fall after it reaches a Teamsters deal. Its stock is sinking sharply
UPS reported a sharp drop in revenue and profit in the second quarter. The company also cut its profit forecast, expecting narrower margins in the wake of its tentative deal with the Teamsters union.
2023-08-08 18:56
South Korea: 1,000 buses evacuate scouts from disaster-hit Word Jamboree
Scout contingents are leaving the international event in South Korea due to an incoming tropical storm.
2023-08-08 18:53
SoftBank reports mixed quarter, says 'timidly' restarting investment
By Anton Bridge TOKYO (Reuters) -Japan's SoftBank Group posted a surprise loss but said it was dipping its toes back
2023-08-08 18:53