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UPS, Amazon
UPS to cut its Amazon business by more than 50%. Here’s why.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest customer,
UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
UPS Shares Plunge on Plan to Slash Amazon Business By Half
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.
1d
Big Retailers Find Big Profits Imitating Amazon’s Ad Business
Amazon may have started in retail, but its biggest profits now come from advertising and cloud computing, with rivals ramping ...
15h
on MSN
Amazon agrees to pay $6M and block sales of skin-lightening creams containing mercury, settling a decadelong lawsuit
Amazon has agreed to block sales of skin-lightening creams containing dangerous amounts of mercury.
1d
on MSN
UPS Stock Sinks on Plans to Slash 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 ...
3d
Amazon Faces Union Push On Two Fronts: Its Flagship Business And Now Whole Foods
Some 300 workers at an Amazon-owned Whole Foods store in Philadelphia have voted to unionize, mirroring a pro-union shift in ...
2d
Amazon: I Was Wrong
Analyst re-assesses Amazon stock ahead of Q4 2024 report, noting overvaluation and market-like returns expected.
1d
on MSN
Amazon increases ad spending on X in major reversal: report
Amazon has increased its ad spending on Elon Musk's X platform in a reversal from its previous decision to remove ads over ...
3d
on MSN
Amazon-owned Whole Foods store in Philadelphia becomes first to unionize
Workers voted 130-100 for union representation at the Center City in Philadelphia, according to the National Labor Relations ...
2d
on MSN
Amazon Hikes Prices for Music Streaming Service
Another major music streaming service is hiking its subscription price.
1d
on MSN
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
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UPS
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