Author: Shivansh Tiwary
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Wynn Resorts reaches deal with Las Vegas Unions hours before strike
By Shivansh Tiwary (Reuters) -Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts hours before a strike, their unions said on Friday, ending a strike threat against major casino operators that could have crippled tourist operations in the city. The five-year agreement covers 5,000 employees at two Wynn Resorts properties and…
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Lockheed Martin taps strong defense demand to beat results estimates
By Mike Stone and Shivansh Tiwary (Reuters) -U.S. weapons maker Lockheed Martin Corp’s first-quarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as simmering geopolitical tensions fueled demand from both U.S. and international customers. Shares of the company rose as much as 3.8% to hit a record high of $508.1 in…
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UPS beats quarterly profit target, poised for ‘cloudy’ 2023
By Lisa Baertlein and Shivansh Tiwary (Reuters) -United Parcel Service Inc on Tuesday beat expectations for quarterly adjusted profit, as it prioritized lucrative shipments and kept a tight lid on costs as global recession threatens and inflation deflates e-commerce demand. Shares of the world’s largest parcel delivery firm rose 3.8% to $183.78 in early trading…
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UPS beats profit estimates on higher parcel delivery prices
By Lisa Baertlein and Shivansh Tiwary (Reuters) -United Parcel Service Inc on Tuesday reported a stronger-than-expected quarterly adjusted profit and reaffirmed its full-year forecast after higher delivery prices and cost controls offset softening e-commerce demand. Delivery firms such as UPS and FedEx Corp are pursuing higher-margin small to large business customers to support volumes and…