FedEx to Let Contract With USPS Lapse; UPS Strikes Deal

FedEx said talks to extend its contract with the U.S. Postal Service have broken down. FedEx rival United Parcel Service said it had been awarded a significant air cargo contract with USPS. 


 
BYD's EV Sales Rise Despite Intensifying Competition

The Chinese electric-vehicle maker sold 626,263 new energy vehicles in the first quarter, up 13% from a year earlier. 


 
This Disney War Has Already Paid Off

The stock price has jumped after many shareholder-friendly changes-without adding rancor to the company's board. 


 
Taco Bell and Pizza Hut Are Going 'AI-First,' Yum's New Tech Chief Says

Yum Brands has a vision for 'AI-powered' fast-food in which artificial intelligence shapes nearly every aspect of how its Taco Bell, Pizza Hut, KFC and Habit Burger Grill restaurants are run. 


 
Don't Count Samsung Out in the AI Memory Stakes

Chip makers SK Hynix and Micron have gained, but Samsung's financial and tech capacity are ready to shine. 


 
Ex-Workers at Temu Parent Say Noncompete Penalties Crush Their Finances

Temu parent PDD enforces a culture of corporate secrecy by suing some former employees. 


 
Nippon Steel's new president says he's committed to U.S. Steel acquisition

The new president of Nippon Steel Corp. says he's determined to push through with the $14.1 billion acquisition of U.S. Steel Corp., and that a deal would help strengthen the American steelmaker. 


 
U.S. Tech Giants Turn to Mexico to Make AI Gear, Spurning China

Some of the biggest U.S. companies in artificial intelligence have asked their Taiwanese manufacturing partners to step up production south of the U.S. border. 


 
AT&T Reset 7.6 Million Customers' Passcodes After Data Breach

Account holders' information was leaked on the dark web about two weeks ago but appears to have come from 2019 or earlier. 


 
Early Clues Emerge on Senate's Plans for TikTok

Some lawmakers backing a crackdown on the popular Chinese-controlled app worry that overly broad changes to a House bill by the Senate could significantly delay the effort or derail it permanently.


(END) Dow Jones Newswires

04-01-24 0915ET