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UPS-Teamsters deal dents financials

UPS, fresh off a tough row with the Teamsters, cut its financial outlook for 2023 after tense labor negotiations impacted costs for the delivery giant, the company disclosed.

Tyson Foods closing 4 US chicken plants

Tyson Foods announced that it will close four more chicken plants in the U.S. to cut costs. The company did not say how many employees would be affected.

AMD mulls making AI chip for China

AMD has an opportunity to build AI solutions for customers in China and is working in that direction, company president and CEO Lisa Su said in a company earnings call on Tuesday.