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1 month ago | 
reuters.com | Abhinav Parmar
Washington's temporary relief for import tariffs on goods covered under the U.S.-Mexico-Canada Agreement (USMCA) has triggered a spike in US companies seeking exemption under the trade deal, industry experts said.
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1 month ago | 
today.westlaw.com | Shilpi Majumdar |Abhinav Parmar
(Reuters) -Kia America is recalling 137,256 vehicles in the United States over concerns that piston oil rings may have been manufactured incorrectly, which can result in engine damage, the National Highway Traffic Safety Administration said on...
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2 months ago | 
today.westlaw.com | Shinjini Ganguli |Abhinav Parmar |Savio D'Souza |Sriraj Kalluvila
(Reuters) -TE Connectivity said it will buy utility grid products maker Richards Manufacturing Co for about $2.3 billion in cash, as it looks to strengthen its position in the electrical utilities market to take advantage of a power demand surge.
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2 months ago | 
msn.com | Abhinav Parmar |Lisa Baertlein
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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2 months ago | 
ksl.com | Abhinav Parmar |Lisa Baertlein
ATLANTA — UPS on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon — a move that will shed some of its least-profitable business and help shelter profits from stubbornly weak demand for lucrative services like overnight delivery. Shares in the world's largest parcel delivery firm were down about 18% around midday after the company said it had reached an agreement to cut transported Amazon volumes by more than 50% by the second half of 2026.
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2 months ago | 
streetinsider.com | Abhinav Parmar |Lisa Baertlein
ArticleRelated Articles (1)Stock Quotes (1)1. META2. MSFT3. TSLA4. NOW5. AAPL6. SPY7. LRCX8. NVDA9. IBM10. INTC Tweet Share E-mail0 shares FILE PHOTO: United Parcel Service's (UPS) newly launched electric delivery truck is seen in Compton, California, U.S., September 13, 2023.
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2 months ago | 
gazette.com | Abhinav Parmar |Lisa Baertlein
By Abhinav Parmar and Lisa Baertlein(Reuters) -United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%. UPS plans to shrink profit-denting Amazon volumes more than 50% by the second half of 2026 - five times faster than it did between 2021 and 2024.
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Jan 14, 2025 | 
ca.finance.yahoo.com | Abhinav Parmar |Nathan Gomes
(Reuters) -United Rentals said on Tuesday it would acquire smaller rival H&E Equipment Services in a deal valued at $4.8 billion, as the company looks to tap into demand for equipment rentals in more markets within the United States. Shares of H&E Equipment were up nearly 106% in early trade, United rose about 5%. Industrial equipment demand has remained strong from commercial construction firms, on the back of higher government spending on infrastructure and production delays at manufacturers.
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Nov 14, 2024 | 
today.westlaw.com | Abinaya Vijayaraghavan |Abhinav Parmar
(Reuters) -General Motors will recall 77,824 vehicles as incorrect software in the transmission control module could cause the vehicle to move in an unintended direction, increasing the risk of a crash, the U.S. auto safety regulator said on...
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Nov 4, 2024 | 
gurutrade.com | Abhinav Parmar |Pooja Desai
Nov 4 (Reuters) - Air Transport Services Group said on Monday investment firm Stonepeak was taking it private in a deal valued at $3.1 billion, including debt, sending the aircraft lessor's shares 27% higher before the bell.
Stonepeak will pay $22.5 per share for the company, representing a 29.3% upside to Air Transport's closing price on Friday.
