ThinkstockUnited Parcel Service Inc. (NYSE: UPS) on Friday announced that current COO David Abney will replace retiring CEO Scott Davis effective September 1, when Davis retires as CEO and becomes the company’s non-executive chairman.…
Hertz Global Holdings said Friday morning that it will delay filing its quarterly report on Form 10-Q because the company needs to restate its financial results for 2011 and make corrections to its statements…
ThinkstockChina has ramped up a war machine second only to that of the United States. The military spending level of the People’s Republic sits well above its official estimates, according to a U.S. Defense…
In a new research report, the Internet team at Stifel noted that U.S. online travel TV ad spending ramped up in April and May as expected heading into the heavy travel booking season.
McDonald's announced Wednesday morning that it plans to return $18 billion to $20 billion to shareholders over the next three years, a 10% to 20% increase over returns for the three preceding years.
ThinkStockThe Markit Flash U.S. Services Purchasing Managers’ Index (PMI) jumped 6.2% to 58.4 for May, according to a Markit report released today, showing its fastest rate of growth in 26 months. As key services…
LifeLockLifeLock, Inc. (NYSE: LOCK) has done an about-face for investors when you consider how important personal identity theft protection is right now. After a double-digit drop on Monday, the identity protection service provider’s stock…
A week following last Thursday's global strikes and protests in 230 cities, hundreds of workers at McDonald's are planning to travel to this Thursday's annual shareholders' meeting.
Shares of Pitney Bowes took another run at their 52-week high Monday morning. This came in the wake of a positive Barron's article over the weekend.
Darden Restaurants announced Friday that it has sold its Red Lobster chain to private equity firm Golden Gate Capital. It has been less than six months since Darden first said it would shed that…
The results of the new J.D. Power Airline Satisfaction Survey were not a surprise. The two winners have been at the top of their categories for several years: Alaska Airlines and JetBlue Airways.
courtesy of USPS The U.S. Postal Service (USPS) on Friday reported a net loss of $1.9 billion in the second quarter of its 2014 fiscal year. The total is equal to almost half the…
Wikimedia Commons (Stuart Seeger)Frequent travelers are frequently frustrated by their inability to book a reward seat because the flight they want to take has no more reward seats available — if it ever had…
London-based financial information services company Markit is hoping to challenge larger competitors Bloomberg and Thomson Reuters by raising fresh capital via an IPO in the United States.
Pizza store operator and franchisor Papa Murphy's launched its initial public offering Friday morning, selling 5.8 million shares at the low end of its expected price range.