FedEx to test package deliveries with self-driving startup Nuro
FedEx Corp (FDX.N) and robotics company Nuro on Tuesday announced a multi-year agreement to test self-driving vehicles in the package delivery company’s network, starting with
Category: Business
U.S. opens $3 billion aviation manufacturing wage subsidy program
The U.S. Transportation Department said Tuesday it had launched a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible
U.S. retail sales take step back as spending pivots to services, trend remains strong
U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage
U.S. seeks $25.5 million fine from Air Canada over delayed refunds
The U.S. Transportation Department said on Tuesday it was seeking a $25.5 million fine from Air Canada (AC.TO) over the carrier’s failure to provide timely
Oil up nearly 2% to multi-year highs on demand expectations
Oil prices rose nearly 2% to their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second
Platinum Equity to buy McGraw Hill from Apollo for $4.5 bln
Billionaire Tom Gores’ private equity firm Platinum Equity would acquire textbook publishing and educational technology company McGraw Hill for $4.5 billion from Apollo Global Management
PwC planning to hire 100,000 over five years in major ESG push
Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple