(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...)
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...)
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...)
By Joey Roulette
WASHINGTON (Reuters) - Apple cofounder Steve Wozniak's space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to Privateer's space data offerings, Privateer's CEO told Reuters.
Privateer, founded in 2021 to help satellite operators navigate in Earth's increasingly crowded orbit, closed its Series A funding... (continue reading...)
(Reuters) - Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of 2024.
Shares of the Newark, California-based firm fell about 3% in trading after the bell. They have fallen about 28% this year as of Monday's close, amid investor concerns of slowing demand for electric vehicles.
The company said it was on track to... (continue reading...)
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