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1 week 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 week ago | 
theglobeandmail.com | Siddhi Mahatole |Abhinav Parmar |Christy Santhosh
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1 week 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 week 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 week 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 week 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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2 weeks 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.
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2 weeks ago | 
ksl.com | Abhinav Parmar |Lisa Baertlein
NEW YORK — UPS on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon. A UPS spokesman 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.
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2 weeks ago | 
cp24.com | Lisa Baertlein |Abhinav Parmar |Shivansh Tiwary
United Parcel Service said on Tuesday it will cut 20,000 jobs and shut 73 facilities to lower costs in an uncertain economy and to brace for a potential pullback from its largest customer, Amazon. Such a significant step makes UPS the first big U.S. company to respond through largescale layoffs to slowing trade as a result of the sweeping tariffs by the Trump administration.
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2 weeks ago | 
marketscreener.com | Abhinav Parmar |Nathan Gomes
(Reuters) -Parcel giant UPS said on Thursday it would buy Canada's Andlauer Healthcare Group in an all-cash deal valued at $1.6 billion, boosting its healthcare logistics business. UPS has been implementing an acquisition-led strategy to expand its premium healthcare business, even as it continues to reduce costs through increased automation, warehouse closures and asset sales.
