United Parcel shares gain the most in 9 months on Tuesday, quarterly revenue exceeds market expectations as e-commerce delivery boom continues

April 28, 2021 9:31 am
United Parcel Service Inc’s (UPS) quarterly revenue, reported on Tuesday, surged past Wall Street estimates, as the package delivery company experienced a boom in online purchases amid the coronavirus pandemic. UPS’ total revenue went up 27% year-on-year to $22.9 billion during the latest fiscal quarter, while outstripping a consensus of analyst estimates pointing to revenue […] Read more

Tesla shares close lower on Tuesday, company to add recycling facilities for EV components at plant in Shanghai

April 28, 2021 7:31 am
Tesla Inc (TSLA) intends to add facilities at its plant in Shanghai with which to repair and reproduce essential components such as electric motors and battery cells, according to a document submitted by the company to local authorities. The auto maker also intends to add manufacturing capacities for car structures and electric motor controllers, the […] Read more

Toshiba shares fall for a fourth straight session on Wednesday, company decides against CVC offer, remains open to ‘credible’ proposals

April 21, 2021 9:33 am
Toshiba Corp’s (6502) board has decided against CVC Capital Partners’ $20 billion buyout proposal due to the lack of required details, the company said earlier this week. Yet, the conglomerate added that it remained open to “credible” offers. In a new letter, CVC, which had previously proposed to take Toshiba private, did not provide the […] Read more