Will Feuer

Apr 1, 2024 | wsj.com | Esther Fung |Will Feuer

The U.S. Postal Service has tapped United Parcel Service as its primary partner for moving cargo by air, replacing FedEx , which had provided the service for more than two decades. The new contract between UPS and USPS will begin in late September and run through at least March 2030, the Postal Service said Monday. Under the agreement, UPS will handle domestic air transportation for USPS’s first-class mail, priority mail express, and priority mail.

Mar 13, 2024 | wsj.com | Will Feuer |Craig Karmin

Hilton Worldwide Holdings has agreed to pay $210 million for a hotel operator that focuses on college towns, a bet that business near campuses can fuel the next leg of the lodging heavyweight’s growth. It is acquiring Graduate Hotels, a 10-year old company that owns and operates dozens of hotels in some of the country’s biggest college towns, from Ann Arbor, Mich., and Oxford, Miss., to Chapel Hill, N.C. It also owns hotels in the U.K., including one by Cambridge University.

Sep 21, 2023 | msn.com | Will Feuer |Thomas Gryta

Cisco Systems has struck a $28 billion deal to buy analytics and security-software company Splunk as the networking-equipment giant looks to tap further into the rise of artificial intelligence. The deal will create one of the world’s largest software companies, Cisco said, and will immediately boost its cash flow in the first year after closing, which is expected by the end of September 2024.

Aug 2, 2023 | wsj.com | Will Feuer |Laura Kreutzer

The firm cited Fortitude investment dilution as the main driver of the second quarter loss Carlyle’s Harvey Schwartz said the firm sees the beginnings of a pick up in deal activity. Photo: Patrick t. fallon/Agence France-Presse/Getty Images Aug. 2, 2023 4:17 pm ET | WSJ Pro Carlyle Group fell to a loss in the second quarter and its revenue dropped by roughly half amid sluggish deal making activity.

Jul 30, 2023 | wsj.com | Gunjan Banerji |Will Feuer |Eric Wallerstein |Quentin Webb |Sam Goldfarb |Joe Wallace | +2 more

Stocks wobbled on July's final trading day, ahead of a busy week of earnings from companies such as Amazon and Apple, plus economic data including the monthly jobs report. The major stock indexes are on track to close July with robust gains. Both the S&P 500 and Nasdaq Composite are poised for a fifth month of rises—the longest winning streak for each index since 2021. The jobs report, due Friday, is expected to show ongoing strength in the labor market.