Aug 8 Reuters United Parcel Service cut its fullyear revenue and profitability targets on Tuesday as the world39;s largest package deliverer faces higher labor costs and fights to win back U.S. business lost during tumultuous contract talks with the Teamsters. UPS reached a tentative fiveyear deal for some 340,000 U.S. employees represented by the International Brotherhood of Teamsters […]

Aug 8 Reuters Lyft signaled on Tuesday it would double down on competitive pricing to catch up with larger rival Uber, taking the shine off its strong earnings forecast and sending the company39;s shares down nearly 7 in extended trading. Under new CEO David Risher, Lyft has lowered ride fares and embarked on an aggressive costcutting […]

FRANKFURT, Aug 9 Reuters E.ON, Europe39;s biggest operator of energy networks, on Wednesday said the market environment for its business was improving significantly following last year39;s energy crisis, sounding a more optimistic tone about the months ahead. The company, which already last month reported preliminary results and a higher outlook for 2023, also said it raised investments […]

Aug 8 Reuters WeWork Inc on Tuesday raised substantial doubt about its ability to continue as a going concern and said three board members had stepped down, sending its shares down 27 in extended trading. The workspace provider also issued a warning that its management needed to raise additional capital to keep the company afloat and […]

NEW YORK, Aug 8 Reuters Immersed Inc, a maker of software used in augmented and virtual reality ARVR technology for remote working, has struck a deal to go public through a merger with a blankcheck acquisition firm, according to people familiar with the matter. Immersed will merge with Maquia Capital Acquisition Corp, a special purpose […]

TEMPE, Arizona, Aug 8 Reuters The pickleball craze in the United States has reached new heights with the opening last weekend of the first Picklemall, an indoor sports facility inside a mall in Tempe, Arizona. The courts at the Arizona Mills mall in a suburb of Phoenix will be open to anyone hoping to play […]