UPS to cut its Amazon business by more than 50%. Here's why.
UPS's stock tumbled 17% in midday trading, putting it on track to break the current record selloff of 12.1% seen on July 23, 2024. It was by far the biggest decliner in the S&P 500 index SPX and was ...
Comcast's broadband woes may fuel the stock's worst day in 16 years. What's next?
The company lost 139,000 subscribers in its residential broadband business during the fourth quarter, when factoring in some negative impact associated with hurricanes Milton and Helene. Analysts ...
Dow Shares Slide on 4Q Misses, Layoff Plans
The company's fourth-quarter loss narrowed to $53 million, or 8 cents a share, from a loss of $105 million, or 15 cents a share, while operating earnings, an adjusted figure, came to zero a share.
Altria Group Stock Dips on Decline in Cigarette Volumes
Shares of Altria Group dipped 0.3% to $52.51. The cigarette manufacturer reported earnings of $1.29 a share on revenue of ...
UPS Shares Slide on Plans to Slash Volume of Business With Amazon
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...