UPS struggles to keep up with Cyber Monday orders
UPS is struggling to handle the surge in shipments from online shoppers who bought items on Cyber Monday. Some packages are taking longer to get to their destinations, and drivers are having to work longer hours. The deliveries are taking one to two days longer than expected. So far, third-party Ship Matrix says FedEx packages are 99 percent on time.
Disney is reportedly getting closer to buying Fox’s entertainment business. CNBC says a deal could come next week. The deal reportedly includes Fox’s A&E and Star TV networks, as well as its regional sports operation, movie studios, and stakes in Sky and Hulu. It would leave only news and sports under Fox ownership.
The Trump administration is moving to scrap another Obama-era rule. This one affects workers who get paid in tips. The Labor Department change would require workers who earn hourly pay and tips, share the tip money with colleagues who don’t get gratuity. The restaurant industry likes the move, while workers' rights groups said it would leave many who work at restaurants, hotels and bars with lower pay.
About 13 percent of Americans are paying for holiday gifts through layaway. Deloitte says the top products to be put on layaway are higher-priced electronics, such as 55-inch TVs. Outdoor trampolines are a perennial layaway favorite at Kmart, scooters are among Walmart’s top layaway products this year, and the list at Sears includes diamond engagement rings.