The price of bitcoin topped $12,000.
The head of Aetna Inc. (NYSE: AET), Mark Bertolini, would make up to $500 million as part of a CVS Health Corp. (NYSE: CVS) purchase of his company.
United Parcel Service Inc. (NYSE: UPS) said the weight of holiday orders could delay some deliveries. According to The Wall Street Journal:
United Parcel Service Inc.is struggling to handle the surge in shipments from online shoppers, resulting in delivery delays early in the critical holiday season and prompting the carrier to a push drivers to work extra hours.
UPS, which handles deliveries for many of the biggest retailers including Amazon.com Inc., Wal-Mart Stores Inc. and Macy’s Inc., is adding one or two days in transit time on an unspecified number of deliveries following record sales around Cyber Monday, spokesman Steve Gaut said Tuesday.
The Financial Times reports that Apple Inc. (NASDAQ: AAPL) may enjoy a massive tax windfall under the new tax code. Editors at the paper report:
Apple will see up to $47bn potential tax benefit. Proposed change to overseas income levy could let tech group book extra profit
Ford Motor Co. (NYSE: F) believes much of its fate is in China. According to a report by CNBC journalists:
Ford believes China is poised to become the most favorable market for the development and sale of electric vehicles, according to the U.S. auto giant’s executive chairman.
“I do think electric vehicles make sense. For a lot of reasons it’s a good way to go around the world and so I am a big believer in it … We are betting very heavily in it,” Bill Ford, executive chairman at Ford Motor Company, told CNBC Wednesday.
Speaking on the sidelines of Fortune’s Brainstorm Tech International conference in Guangzhou, China, Ford said, “The entire Ford nameplate will be electrified by 2025 here.”
The chief of content and editor-in-chief of Gannett Co. Inc. (NYSE: GCI), Joanne Lipman, will leave to promote her new book.