Business briefs: UPS stock rises

Shares of the world’s largest shipping carrier rose 1.9 percent Monday on news that United Parcel Service Inc. (UPS) reached a new 5-year contract with the Teamsters union and will move its workers into a single employer pension fund. Approval of the contract is now up to union members. Pension and health care benefits were major issues in the contract talks.

U.S. ECONOMY

The nation’s manufacturing sector expanded at a slower-than-expected rate in September, suggesting there’s room for the Federal Reserve to consider another rate cut later this month. The Institute for Supply Management said Monday that its manufacturing index registered 52.0 in September, down from 52.9 in August. It was the lowest reading since the gauge was at 50.9 last March.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

‘Extremely disturbing’: SF police chief condemns death of George Floyd

Bill Scott joins SFPOA, top cops nationwide in deeming incident a failure of policing

Haight Street group drops ties with prominent pro-Trump attorney

Amoeba, other merchants filed lawsuit seeking to block ‘Safe Sleeping’ site on Stanyan

CCSF board votes to close Fort Mason campus

College dropping lease on waterfront site to help close projected deficit

Planning Commission greenlights 1,100 unit Balboa Reservoir project

Development near CCSF expected to include 50 percent below-market rate units

Breed announces timeline for when SF’s businesses can reopen after COVID-19 shutdown

Restaurant advocacy group wants The City to allow indoor dining sooner

Most Read