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UPS to cut 20,000 jobs on lower Amazon shipments, profit beats estimates

(Reuters) -United Parcel Service said on Tuesday it will cut 20,000 jobs and shut 73 facilities to lower costs in an uncertain economy and to brace for a potential pullback from its largest customer, Amazon. Such a significant step makes UPS the first big U.S. company to respond through ...

Can troubled automaker Nissan survive the next 5 years? Why the experts say yes

Nissan’s been in the news for all the wrong reasons lately — management turmoil, falling sales, potential merger or acquisition — but consumers shouldn’t be concerned the automaker and its dealers won’t be around if they own a Nissan or Infiniti vehicle. Nissan faces myriad challenges, but analysts don’t see the sun setting on the company anytime soon, and insiders are buoyed by a new management team’s first moves. “It’s too early to worry about Nissan going under,” said Adam Bernard, principal of consultant Autoperspectives. “It faces big challenges, but ...