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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 ...

Chocolate maker opens new factory in Pennsylvania

(The Center Square) - Pennsylvania’s most beloved export provided the opportunity for some sweet relief in the midst of a difficult week in the commonwealth. Local, state, and federal lawmakers gathered for a bipartisan celebration commemorating the opening of the first new ...