UPS Financial News

The volume and value of America’s commercial fishing industry both fell according to newly released federal figures, though members of the industry said the decline was to be expected following a spike in supply

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Most U.S. stocks ticked higher to recover some of their sharp slide from last week

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BEIJING — Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June.

Quebec’s public pension fund manager has grown its quantitative equity team to more than US$14 billion of assets in less than four years, and one of its top executives is bullish on doing even more.

Jan Martin always thought she was “careful enough” in handling potential scammers. The project manager in her mid-30s frequently changed her passwords and rarely picked up calls from unknown numbers. But her confidence levels took a hit last summer when she lost $3,000 to fraudsters in the space of just a few minutes.

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Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue.

NASA describes the potential for an international space station leak. NASA is worried about the Russian module's structural integrity and the possibility of a catastrophic failure, according to Bob Cabana, chair of the ISS Advisory Committee. Since 2019, there has been a continuous air leak on a Russian portion of the ISS, which has NASA increasingly concerned, as quoted in a report by the People.

value creation strategy. It directed them to cough up an annual dividend of at least 30% of their net profit or 4% of their net worth, whichever is higher. As per the earlier norms, the dividend payment requirement was 30% of the profit after tax or 5% of net worth, whichever was higher. The latest norms, however, specify that financial sector CPSEs like non-banking financial companies need to pay a minimum annual dividend of 30% of their profit after tax, subject to any limit under any extant legal provisions, according to the revised guidelines issued by the Department of Investment and Capital Asset Management (DIPAM). There was no separate directive for financial sector CPSEs in the guidelines issued in 2016. Any exemption from this requirement has to be sought from the finance ministry.

coal-based power plants have significantly higher coal stocks this winter season compared to last year, driven by better planning, increased coal production and enhanced rake supply, government officials said. Higher availability of coal has led to sufficient base load capacity in the last few months and will help meet upcoming winter peak demand, they said. As of November 17, coal stocks at domestic coal-based power plants were 52% higher year on year at around 33 million tonnes. Total coal stock at all power plants, including imported coal, was also 52% up at around 37 million tonnes.

A police force in Ontario says they are investigating tens of thousands of dollars in losses from “undelivered tickets” for Taylor Swift shows in Toronto.

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

Just days after announcing a civil fine against Ford for moving too slowly on a recall, the U.S. government unveiled two investigations into recalls that may not have worked or covered enough vehicles

A federal bankruptcy judge in Texas is being asked to disqualify a winning bid made by the satirical news outlet The Onion to buy conspiracy theorist Alex Jones' Infowars

With Thanksgiving less than two weeks away, food retailers are trying to tempt Americans who haven't recovered from recent price inflation

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administr...

The U.S. government’s automobile safety ratings will get a major update starting with the 2026 model year when regulators add new driver-assistance technologies and tests for protecting pedestrians

Maratha reservation agitation, Manoj Jarange Patil, might have decided not to contest this time's elections, but he remains one of the key deciding factors in the Maharashtra poll landscape. Patil asked several of his supporters not to contest elections after many of them filled their nomination forms. He enjoys a cult-figure status among the old and young as many touch his feet and seek his guidance on whom they should vote. Sitting with ET, Patil maintains that he has «only one cause and that is for Marathas to get reservation. And his cause has united six crore Marathas across Maharashtra». When asked whether Mahayuti or MVA can support the Maratha cause, he responds «all are the same». He says he will step up his agitation after the election process gets over. «Let me make it clear to you. Neither am I supporting anyone nor opposing anyone. I have no hopes from anyone except my movement,» Patil said.