Bloomberg United Parcel Service (UPS) Inc agreed to acquire Roadie, a same-day delivery startup, looking to speed service and expand into atypical parcels such as oversized packages and perishable goods. The acquisition, for an undisclosed amount, comes after UPS began a pilot with Atlanta-based Roadie to test same-day deliveries. Roadie will operate under its name as a separate company, and ...

Bloomberg Lululemon valuation is richer than many of its peers in the retail sector. Shares jumped as much as 14% on Saturday after the athletic clothing retailer reported second quarter revenue above analyst expectations, a sign that investors are still willing to pay significant premiums for growth. Lululemon trades at a last-twelve-months price-to-earnings ratio of 65.4 compared to 16.9 for ...

Bloomberg Wells Fargo & Co was handed a fresh regulatory action and a $250 million fine over its lack of progress addressing long-standing problems, the first such sanction under Chief Executive Officer (CEO) Charlie Scharf. The penalty adds to the more than $5 billion in fines and legal settlements that the firm has paid over the last five years tied ...