Business in brief
Published 3:41 pm Monday, April 1, 2024
UPS will become the primary air cargo provider for the United States Postal Service.
The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two.
UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS.
Financial terms of the deal were not disclosed.
In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines were on or off.
Six months later, most of those autos remain on the road — unrepaired — putting their owners, their families and potentially other people in danger of fires that could spread to garages, houses or other vehicles.
Hyundai and Kia have acknowledged that there’s little hope of repairing most of the affected vehicles until June or later, roughly nine months after they announced the recalls.
Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social repo — mark a stark decline compared to a profit of $50.5 million that the former president’s company reported for 2022. That’s according to a company filing with securities regulators. Revenues for Trump Media topped just over $4.13 million in 2023, although that’s up from $1.47 million seen in 2022.
Google has agreed to purge billions of records containing personal information collected from more than 136 million people in the U.S. surfing the internet through its Chrome web browser.
The move comes as part of a settlement in a lawsuit accusing the search giant of illegal surveillance. Although Google isn’t paying consumers any money in the case, estimates made in court records pegged the value of the privacy controls at $4.75 billion to $7.8 billion.
The details of the settlement emerged in a court filing Monday, more than three months after Google and the attorneys handling the class-action case disclosed they had resolved June 2020 lawsuit targeting Chrome’s privacy controls.