Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.

United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.

It is not clear how many employees have been laid off but reports suggest that dozens of roles have been eliminated.

MicroStrategy Inc.’s Michael Saylor may soon have almost as many common shares at his disposal to help fund the company’s Bitcoin buying spree as market behemoths Amazon.com Inc. and Alphabet Inc. have outstanding.

Amazon has paused testing of its delivery drones following a crash involving two of those drones, according to Bloomberg.

French-speaking Canadian province of Quebec.“Following a recent review of our Quebec operations, we’ve seen that returning to a third-party delivery model supported by local small businesses, similar to what we had until 2020,

A majority of workers at a Whole Foods Market in Philadelphia voted in favor of joining the United Food and Commercial Workers International union, presenting a new foothold for organized labor within parent-company Amazon.

Canada’s industry minister said Amazon.com Inc.’s decision to shut down all warehouses in Quebec and cut more than 1,900 jobs would prompt the government to examine its current deals with the e-commerce and technology company.

United Parcel Service Inc. projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year.

Microsoft Corp. said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial intelligence products.

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