Reuters

(Reuters) - United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1.

UPS will evaluate internal and external candidates to replace Newman, the firm said.

"My near-term priority is to focus on my health," Newman said in a statement.

The largest parcel delivery firm by market capitalization beat analysts' estimates for first-quarter profit in April as cost... (continue reading...)

(Reuters) - Air Lease Corp reported a lower-than-expected quarterly profit on Monday as it made higher interest payments on funds borrowed to finance aircraft purchases.

The California-based company's results have gained in recent quarters as supply of aircraft from the world's top two planemakers, Boeing and Airbus, have been constrained mainly due to parts and labor shortages.

But Air Lease's interest payments rose 19.8%, to $181.6... (continue reading...)

By Arsheeya Bajwa

(Reuters) - Data analytics firm Palantir Technologies raised its annual revenue and profit forecast and beat first-quarter sales estimates on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications. The company has emerged as a winner of the generative AI boom thanks to its artificial intelligence platform, which is used to test and debug code and help evaluate AI-related... (continue reading...)

By Ananya Mariam Rajesh

(Reuters) - Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products.

The CoverGirl parent has been investing heavily in new product launches and collaborations with influencers and e-retail partners to drive demand at a time when higher prices of... (continue reading...)

NEW YORK (Reuters) - A U.S. judge on Monday formally ended the U.S. government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1MDB after it met its obligations and paid $2.9 billion in penalties.

Chief Judge Margo Brodie of the federal court in Brooklyn dismissed a bribery conspiracy charge against Goldman, after the bank successfully completed a three-year deferred prosecution agreement that expired... (continue reading...)