By Shivansh Tiwary(Reuters) -FedEx’s shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration’s sweeping tariffs on trading partners.CEO Raj Subramaniam warned a day earlier that the company was navigating a very "challenging operating environment" and "weakness in th ...
By Bhanvi Satija and Sneha S K(Reuters) -Measles cases in Texas and New Mexico rose to 351 on Friday, the health departments of the states said, an increase of 34 infections since their last reports three days ago, as the United States deals with one of the largest measles outbreaks in the past decade.The number of cases in the two states has already surpassed last year’s count of 285 infections ...
(Reuters) - CoverGirl parent Coty (NYSE:COTY) said on Friday it would sell its 20% stake in reality TV star Kim Kardashian’s beauty brand to her clothing line, SKIMS, consolidating the two businesses under a single brand.Coty, which acquired a stake in Kardashian’s beauty business, SKKN, in 2021, said it would use the proceeds from the sale to reduce debt and invest in innovations across its b ...
By David ShepardsonWASHINGTON (Reuters) -Transportation Secretary Sean Duffy will unveil a plan next week to upgrade the aging, under-staffed U.S. air traffic control system next week, he said on Friday.Duffy said earlier this month that he planned to ask Congress for tens of billions of dollars for a multi-year effort to revamp Federal Aviation Administration air traffic control infrastructure, i ...