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Stock Market & Financial Investment News

News Breaks
June 6, 2014
07:21 EDTUPSUPS names COO Abney as new CEO
The UPS board announced that it has named David Abney, currently the company's COO, as its new CEO and appointed him to the board. Scott Davis, who has served as the company's chairman of the board and CEO since 2008, will retire from UPS and will assume the role of non-executive Chairman. Both moves are effective September 1. Prior to becoming COO, Abney served as president of UPS International where he led the expansion of the company's global logistics capabilities.
News For UPS From The Last 14 Days
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August 28, 2014
17:29 EDTUPSUPS awarded $617.33M government contract
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10:01 EDTUPSUPS announces $17.5M expansion to Menifee, California facility
UPS announced a $17.5M expansion of its delivery center in Menifee, Calif., to handle increased shipping volume from customers throughout the region. The expansion, which more than doubles the existing space, will open in late September. In addition to expedited package processing capability supported by advanced technology and conveyor systems, the facility will have expanded vehicle parking and an enlarged UPS Customer Center. The expanded space will cover 49,407 square feet and include 10 tractor-trailer doors and room for 108 delivery vehicles.
August 25, 2014
06:19 EDTUPSU.S. DHS warns of 'Backoff' malware, WSJ reports
The Department of Homeland Security is urging all companies to check for a "Backoff" malware infection, which targets cash registers, and said over 1,000 businesses in the U.S. have been affected by the cyberattack, the Wall Street Journal reports. The DHS said Friday that the malware has likely infected many victims who "aren't aware" that they have been compromised. Reference Link
August 20, 2014
16:06 EDTUPSUPS notifies customers of potential data compromise, incident resolution
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August 19, 2014
10:28 EDTUPSUPS establishes freight forwarding services in Myanmar
UPS announced the expansion of inbound and outbound air and ocean freight services in Myanmar for the first time. Global customers trading to and from this emerging market will have access to UPS's supply chain technologies and services, which initially will include UPS Air Freight Direct, UPS Air Freight Consolidated, Full Container Load and Less-than Container Load services.
07:37 EDTUPSUPS management to meet with William Blair
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August 14, 2014
06:23 EDTUPSFedEx, UPS brings express services to more China cities, Reuters says
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