UPS to Cut 12,000 Jobs and Mandate Return to Offices Five Days a Week

CEO Carol Tomé said the cuts are part of efforts to change how the company works, including using artificial intelligence and other new technologies. 


 
GM Offers Bullish Profit View for 2024

The auto company's quarterly profit is hurt by the UAW strike and losses from its EV business. 


 
Pfizer's stock rises as earnings beat expectations, company seeks 'clean slate' in 2024

Pfizer stock rose early Tuesday as the drugmaker beat analysts' earnings expectations and reaffirmed full-year 2024 guidance. 


 
JetBlue's stock slips as a somewhat downbeat outlook offset a Q4 earnings beat

What may have also disappointed investors, JetBlue didn't provide any specific updates on its deal to acquire Spirit Airlines Inc. SAVE in the earnings release. 


 
New Drug Shown to Relieve Pain Without Getting Patients Addicted

The non-opioid drug from Vertex Pharmaceuticals lowered the pain of study subjects, though it didn't work better than popular painkiller Vicodin. 


 
Boeing Withdraws Safety Exemption Request for MAX 7

Boeing is withdrawing a request for a safety exemption for a new MAX series jet that would have allowed U.S. regulators to speed up its approval, a decision that comes as the plane maker faces heightened scrutiny. 


 
The Real Evergrande Reckoning Is for China's Foreign Creditors

Offshore lenders to other property developers in the country should be worried about the precedent. 


 
TikTok Pledged to Protect U.S. Data. $1.5 Billion Later, It's Still Struggling.

The video-sharing app said it had walled off American data in Project Texas, but employees said data is still sometimes shared with its China-based parent. 


 
Why Defense Contractors Are Saying No to Their Biggest Customer: The Pentagon

Global conflicts have driven record orders for Northrop Grumman, Lockheed Martin and RTX, but they are passing on some big deals. 


 
Starbucks Is Poised for a Tough Quarter. Wall Street Is Divided on the Outlook.

The coffee chain's results for the final three months of calendar 2023 are due after the close on Tuesday.


(END) Dow Jones Newswires

01-30-24 1115ET