Amazon Seals New Partnership With FedEx for Delivering Large Packages 
 

Amazon says the company will join other partners including United Parcel Service and the U.S. Postal Service that regularly work alongside Amazon's last-mile delivery network.

 
Hertz Global Looks to Future Growth After Logging Wider Loss, Lower Sales 
 

Hertz Global's loss widened, and it logged lower revenue in the first quarter, sending its stock lower in late trading, despite commentary from executives that the company's turnaround efforts are bearing fruit.

 
TPG's $13 Billion Buyout Fund Target Reflects Tough Market 
 

The private-equity firm's goal for its 10th flagship fund is as much as 13% lower than the target set for a predecessor, according to pension documents.

 
United CEO Reassures Customers That Newark Airport Is Safe 
 

Airline has trimmed its daily routes following technology and staffing issues affecting New Jersey hub.

 
Frasers Property Mulls Privatization of Hospitality REIT 
 

Frasers Property is planning to make a privatization offer for its Singapore-listed hospitality real-estate investment trust, according to people familiar with the situation.

 
NTT Data Group Plans Key Investor Meetings Ahead of Singapore IPO 
 

Japan's NTT Data Group is set to start meeting select investors soon ahead of its proposed listing of a new Singapore real-estate investment trust, people familiar with the process said.

 
FCC Threatens Charlie Ergen's Hold on Satellite, 5G Spectrum Licenses 
 

The regulator's letter warns of new scrutiny on Ergen's EchoStar and considers opening satellite spectrum to rivals including SpaceX.

 
AI Startup Perplexity's Valuation Surges to $14 Billion in New Funding Round 
 

The move is a sign of increased investor excitement about AI's potential to challenge Google's longstanding dominance over search.

 
Fox to Launch Streaming Service by Fall 
 

The media company recorded a big gain in fiscal third-quarter revenue from its broadcast of the Super Bowl while surging costs cut into its earnings.

 
Bayer to Slash Hundreds of Jobs in Crop Division Overhaul 
 

The company said it will discontinue certain production activities at its Dormagen and Frankfurt am Main sites.

(END) Dow Jones Newswires

May 13, 2025 01:00 ET (05:00 GMT)

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