Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
It looks like labor peace is coming to UPS (UPS). The Teamsters say they’ve reached a tentative 5-year contract with the delivery company. It would boost wages for existing workers, but create a new class of drivers to handle weekend shipments. Some 260,000 UPS workers are covered under the Teamsters deal.
Google’s (GOOG) YouTube is trying to keep its biggest stars happy. The company is letting some content creators sell subscriptions to their fans. Viewers would be able to pay a fee – every month – to get access to special features like exclusive content and merchandise. Google says it will give creators a chance to make money through something other than advertising.
Twitter (TWTR) is facing a backlash – over its purchase of anti-harassment start-up Smyte. Twitter says the acquisition will help it fight trolling, and spam online. But the company angered many Smyte customers, by shutting the service down shortly after announcing the deal. Twitter says Smyte’s tools will be integrated into its platform in coming months.
Tesla (TSLA) is reportedly slashing its solar business. Reuters says the job cuts announced last week – will result in major cuts to Tesla’s solar sales and installation division. That includes closing about a dozen installation facilities and ending a partnership with Home Depot. Reuters says Tesla declined comment on the job cuts.