IBT Staff Reporter

1291-1320 (out of 154954)

UPS Posts Profit, Holds Amazon To Delivery Contract Terms

United Parcel Service Inc on Tuesday reported a better-than-expected quarterly profit, after it raised shipping rates and held the line on the number of Amazon packages it will deliver in its bid to focus on more lucrative shipments.

GM Affirms 2022 Profit Outlook But Net Income Sinks; Shares Drop

General Motors Co on Tuesday reaffirmed its full-year profit outlook on an expected surge in demand and said it was curbing spending and hiring ahead of a potential economic slowdown, but a 40% drop in its quarterly net income disappointed, sending shares lower in premarket trading.

Italian, German Shares Slide As EU Agrees On Gas Rationing

European shares fell on Tuesday, with those of Germany and Italy leading declines across major euro zone bourses as European Union countries approved a weakened emergency plan to curb their gas demand, while retail stocks slid after Walmart's profit warning.

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