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

TORONTO--(BUSINESS WIRE)--Aug 8, 2023--

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.

(Reuters) -Under Armour beat market expectations for first-quarter revenue on Tuesday, as discounts upheld demand for the sportswear maker's clothes

Thousands of flights have been delayed or canceled Tuesday following a round of severe storms that hammered the eastern United Sates.

By Mike Spector NEW YORK David Kurtz, Lazard Ltd's global head of restructuring, has agreed to join Hilco

BOSTON--(BUSINESS WIRE)--Aug 8, 2023--

By Anton Bridge TOKYO (Reuters) -Japan's SoftBank Group posted a surprise loss but said it was dipping its toes back

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.

By Safiyah Riddle U.S. small business confidence edged up to an eight-month high in July, as concerns about

(Reuters) -United Parcel Service on Tuesday cut its 2023 revenue and margin forecast, hurt by softening e-commerce demand and an

US small businesses are noticing slightly better business conditions and are feeling less pessimistic about the economy's future, but they're still gloomy when it comes to hiring, according to a survey released Tuesday by the National Federation of Independent Business.