UPS CFO Richard N. Peretz on the Amazon Effect; And Michael Pachter: Twitter Must Drive Engagement With Top Users

UPS CFO Richard N. Peretz on the Amazon Effect

Amazon, which reportedly accounts for 10 percent of UPS's business, has been a boon for the delivery company. But the e-commerce giant is planning an enterprise-focused competitor. UPS CFO Richard Peretz tells us his strategy for competing. 

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Michael Pachter: Twitter Must Drive Engagement With Top Users

Analyst Michael Pachter from Wedbush Securities doesn't think Twitter's sports-streaming strategy is working, as only a fraction of its users tune in. To drive revenue, Pachter says, the company needs to increase engagement and impressions.

Why Improving Workplace Benefits Makes Sense for IBM's Bottom Line

IBM is now giving new moms 20 weeks of parental leave. Barbara Brickmeier, the company's VP of Benefits, says the costs are worth it because the new policy aids recruiting efforts, especially with women.

These Fictional Horror Novels Tell the Story of Over-Reliance on Tech

"Strange Weather" author Joe Hill and "Sea of Rust" author C. Robert Cargill incorporate technology into their horror books, telling the story of how humanity could fall due to the rise of robots and A.I. 

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TECH GIANTS BEAT ON EARNINGS:

In one of the busiest days for tech earnings, Amazon, Microsoft, and Google parent Alphabet all released earnings after the bell Thursday. Amazon stock soared after hours after the company posted a 34% increase in sales over the last year. That jump helped by significant gains in its cloud-computing business, where sales grew 42%. 

Microsoft also beat estimates, reporting earnings of 84 cents a share. The company cited significant growth in its Office 365 consumer subscribers. The division contributed to a 10% increase in its commercial product and cloud services business. 

Alphabet another beneficiary of the cloud. The company brought in $27.7 billion in revenue, with the high-growth division accounting for $3.4 billion.

THE WEINSTEIN COMPANY IS NOT OUT OF THE WOODS YET:

The embattled film studio was reportedly unable to close a deal with private equity firm Colony Capital. An agreement would have given it some much-needed cash as the company reels under allegations against its now ousted co-founder, Harvey Weinstein. The New York Times said Colony, led by Trump confidante Tom Barrack, may still buy some of the company's assets, but that it decided there was too much turmoil and not enough value to acquire the company outright. The investment firm reached a preliminary agreement with The Weinstein Company last week, which granted it rights to pursue a deal exclusively for a short period. Now that the talks have collapsed, the production house could look for financing elsewhere. The Times points out that Fortress Investment Group is discussing a possible investment.

UBER FACES ANOTHER LAWSUIT:

The ride-hailing app is being sued by three female engineers who say they were underpaid because of their gender and race. The suit claims the company's employee ranking system isn't based on valid metrics and that it favors men and white or Asian workers. The latest allegations come after months of chaos at the company. In February, former engineer Susan Fowler penned a blog post claiming she was sexually harassed by a manager and that Uber fostered an environment of inappropriate behavior.