Advertisement
Singapore markets close in 23 minutes

  • Straits Times Index

    3,346.69
    +10.10 (+0.30%)
     

  • Nikkei

    38,923.03
    +435.13 (+1.13%)
     

  • Hang Seng

    18,403.04
    +323.43 (+1.79%)
     

  • FTSE 100

    8,292.61
    +17.23 (+0.21%)
     

  • Bitcoin USD

    69,295.58
    +1,567.46 (+2.31%)
     

  • CMC Crypto 200

    1,490.10
    +22.16 (+1.51%)
     

  • S&P 500

    5,277.51
    +42.03 (+0.80%)
     

  • Dow

    38,686.32
    +574.82 (+1.51%)
     

  • Nasdaq

    16,735.02
    -2.08 (-0.01%)
     

  • Gold

    2,347.90
    +2.10 (+0.09%)
     

  • Crude Oil

    77.09
    +0.10 (+0.13%)
     

  • 10-Yr Bond

    4.5140
    -0.0400 (-0.88%)
     

  • FTSE Bursa Malaysia

    1,596.68
    -7.58 (-0.47%)
     

  • Jakarta Composite Index

    7,076.51
    +105.77 (+1.52%)
     

  • PSE Index

    6,470.74
    +37.64 (+0.59%)
     

UPDATE 1-UPS CFO Brian Newman to step down on June 1, company says

Reuters
·1-min read

(Updates with background on latest quarterly results)

May 6 (Reuters) - United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1.

UPS will evaluate internal and external candidates to replace Newman, the firm said.

"My near-term priority is to focus on my health," Newman said in a statement. The largest parcel delivery firm by market capitalization beat analysts' estimates for first-quarter profit in April as cost cuts offset still-soft demand for package delivery.

UPS also won a significant contract with the U.S. Postal Service, replacing rival FedEx as the agency's largest air cargo service provider, it announced in April. (Reporting by Ananta Agarwal in Bengaluru; Editing by Pooja Desai)