Atlanta-based UPS announces plan to cut 12K jobs worldwide

Atlanta-based United Parcel Service Inc. is planning to cut 12,000 jobs worldwide and explore the sale of its Coyote truck brokerage business in response to soft demand and higher union labor costs in 2023.

US Steel sold for over $14 billion to Nippon Steel

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion.