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1 week ago | 
today.westlaw.com | David Shepardson |Abhinav Parmar |Shailesh Kuber |Hugh Lawson
(Reuters) -Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco,...
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3 weeks ago | 
kelo.com | Abhinav Parmar
By Abhinav Parmar(Reuters) -A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said. The $906 billion U.S. trucking industry, in particular, has been facing a nearly three-year-long slowdown due to overcapacity, which was worsened by President Donald Trump’s recent tariffs on the country’s largest trading partners.
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3 weeks ago | 
usnews.com | Abhinav Parmar
By Abhinav Parmar(Reuters) -A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said. The $906 billion U.S. trucking industry, in particular, has been facing a nearly three-year-long slowdown due to overcapacity, which was worsened by President Donald Trump's recent tariffs on the country's largest trading partners.
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1 month ago | 
usatoday.com | Siddhi Mahatole |Abhinav Parmar |Christy Santhosh
WW International WW.O, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy protection on Tuesday in a bid to cut its debt after hugely popular obesity drugs upended its business model. Shares of the company, which once boasted of media mogul Oprah Winfrey as one of its top shareholders, slumped 40% in extended trading after announcing plans to file for bankruptcy as part of a reorganization plan with a group of its lenders.
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1 month ago | 
theglobeandmail.com | Siddhi Mahatole |Abhinav Parmar |Christy Santhosh
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1 month ago | 
today.westlaw.com | Leroy Leo |Siddhi Mahatole |Sriraj Kalluvila |Abhinav Parmar
(Reuters) - WW International, formerly known as WeightWatchers, said it plans to file for Chapter 11 bankruptcy protection on Tuesday, as the surging popularity of obesity drugs eroded demand for its traditional weight-loss programs.
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1 month ago | 
thestar.com.my | Abhinav Parmar
(Reuters) -AI-powered defense startup Anduril Industries on Monday said it has entered into a definitive agreement to acquire Ireland-based tactical communications systems maker Klas. Anduril, along with software maker Palantir and Elon Musk's SpaceX, has emerged as frontrunners to win a crucial part of President Donald Trump's "Golden Dome" missile defense shield, Reuters reported last month citing people familiar with the matter.
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1 month ago | 
usatoday.com | David Shepardson |Abhinav Parmar
United Airlines CEO Scott Kirby said on Friday that the carrier will begin canceling 35 flights a day – or about 10% – at its Newark hub starting over the weekend due to government equipment failures and air traffic control staffing issues. Throughout the week, United was forced to delay, cancel or divert dozens of flights at its hub airport just outside New York City, where it flies about 328 flights daily.
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1 month ago | 
today.westlaw.com | Mike Stone |Abhinav Parmar |Tasim Zahid
(Reuters) -AI-powered defense startup Anduril Industries on Monday said it has entered into a definitive agreement to acquire Ireland-based tactical communications systems maker Klas. Anduril, along with software maker Palantir and Elon Musk's SpaceX,...
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1 month ago | 
unionleader.com | Abhinav Parmar
United Parcel Service said on Tuesday it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and amid President Donald Trump's tariffs that are roiling global trade. A UPS spokesperson said the layoffs are due to shedding 50% of shipping volume from Amazon.com, its largest customer, as well as ongoing cost-cutting and efficiency projects under a major operational restructuring.
