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United Parcel Service Inc
UPS to cut 12,000 jobs as revenue outlook falls short on weak parcel demand
...UPS announced it would cut 12,000 jobs in an effort to save $1bn just months after agreeing a costly pay deal with its Teamsters union and as weak demand for its delivery services underpinned a soft annual...
January 30, 2024
Due Diligence
Czech’s in the Royal Mail Premium content
...Křetínský’s bought stakes in supermarket chain J Sainsbury and London football club West Ham United....
April 18, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
LexUnited Parcel Service Inc
UPS/FedEx: picking a delivery hero is a wager on wages Premium content
...An industry-wide drop-off in package volumes following two years of strong demand means the business is expecting flat to low-single-digit-per cent revenue growth for the new year....
August 29, 2023
ESG investing
BlackRock sued by Tennessee over ESG strategies
...“Ultimately, I want to make certain that corporations, no matter their size, treat Tennessee consumers fairly and honestly,” Skrmetti, a Republican, said in a statement....
December 18, 2023
Automobiles
US car workers launch strike against big three Detroit automakers
...Writers and actors have walked out, pilot unions at major airlines won four-year contracts to raise pay by a third or more and United Parcel Service workers represented by the Teamsters achieved a wage increase...
September 15, 2023
The Big Read
The unexpected revival of America’s trade unions
...Momentum had already been building when the UAW went on strike, he says, with organising in new industries and the Teamsters union winning a lucrative new contract for United Parcel Service workers in July...
December 13, 2023
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 14 NovemberNatural History Museum, Cromwell Road, London, UK
Special ReportNorth America Innovative Lawyers
Top legal practitioners who lead in their fields
...She has handled important cases including: United States vs Ulbricht (2015), where the leader of Silk Road, an online drug-trafficking operation favouring bitcoin for payment, was convicted; and notably...
December 5, 2023
Unions
Teamsters boss vows tougher line in US labour talks
...Competitors have echoed that concern, with Mike Parra, chief executive of DHL’s Americas business, saying that other parcel delivery services would not be able to pick up the slack....
June 7, 2023
The Big Read
The dark side of the US sports betting boom
...But beneath the boom in online betting is an underbelly of addiction of unknown proportions....
August 10, 2023
The Week Ahead
US and China inflation data and UK GDP figures due
...Parcel Service Q2 Wednesday China: July CPI and producer price index (PPI) inflation rate data Russia: July CPI inflation rate data Results: ABN Amro Q2, Ahold Delhaize Q2, Bellway trading update, Delivery...
August 6, 2023
UnhedgedRobert Armstrong
Why the economy shrugs at high rates Premium content
...This seems to be true for both consumers and corporations....
July 10, 2023
US employment
US employers slow down hiring before holiday shopping rush
...UPS, the parcel delivery group, held a job fair in Long Island, New York this month....
November 25, 2022
Digital currencies
The Crypt, updated
...to allow everyone to take control of their own financial future.” 9 August 2022: “We would like to inform you about an important development that does not affect our services, funds or investments with...
August 16, 2023
ReviewBusiness books
Lifting the lid on Delaware — corporate America’s tax haven
...Early on, he reveals the frustrations of former US Treasury and Secret Service official John Cassara....
December 5, 2022
FirstFT
FirstFT: Left push for talks with Putin
...Since the beginning of October, Maga Inc, a newly created Trump super Pac, has spent $8.5mn on ads in Ohio, Pennsylvania, Georgia, Nevada and Arizona....
October 25, 2022
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
News in-depthStrategic Value Partners LLC
Strategic Value Partners sued in case revealing distressed debt tensions
...In its lawsuit, Cygnus alleges that “SVP took advantage of the Covid crisis to force and control a rushed bankruptcy process to take WPG Inc private”....
August 21, 2022
Michael Moritz
Lyft wants a free ride from California’s richest
...“Don’t be fooled,” he says, “Prop 30 . . . was devised by a single corporation to funnel state income taxes to benefit their company . . ....
October 11, 2022
News in-depthUS retail
Christmas comes on time as US parcel deliveries beat Covid snarls
...Parcel analytics company ShipMatrix has predicted that 89.8m parcels will be delivered daily in the peak season between Thanksgiving and Christmas, up from 79.1m for 2020 and 65.3m in 2019....
December 23, 2021
Transcript
Rishi Sunak’s immigration conundrum
...And broadly speaking, the median anti-immigration voter in the United Kingdom goes, that number’s too high....
May 26, 2023
Airlines
US airlines warn of ‘chaos’ as telecoms groups roll out 5G
...United Airlines said Washington’s 5G rollout plan would have “a devastating impact”, affecting an estimated 1.25m of its passengers and 15,000 flights a year while disrupting an already fragile supply chain...
January 17, 2022
Free LunchMartin Sandbu
The energy crisis and the massive international wealth transfer Premium content
...These set a united liberal democratic world of advanced economies in support of Ukraine against Russia and its few close allies....
September 1, 2022
News in-depthBrookfield Asset Management Inc
Brookfield weighs the value of a new pillar in its complex structure
...Brookfield Asset Management, whose eclectic $690bn portfolio includes office towers, gas pipelines and a nuclear services company, is not quite the world’s biggest investment firm — but it may be the most...
February 22, 2022
FT Alphaville
How to spend a million dollars, by Sam Bankman-Fried
...It’s all very colourful though. 5) Fern Labs Inc ($1mn for 5 per cent stake) There’s a company called Fern Labs Inc based at 280 Smith St, Farmingdale, NY 11735, United States, roughly in the middle of...
December 19, 2022
News in-depthAirlines
Pandemic redraws US airline route maps as business travel falters
...United cut more than 60 per cent of its service, while Delta scrapped its direct service from New York’s LaGuardia airport....
March 7, 2022
Politics
Fisking the Trussay
...Incidentally, a plethora of media outlets (inc....
February 7, 2023

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