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FedEx Corp

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  • Poll: Americans skeptical of commercial drones Friday, 19 Dec 2014 | 12:01 AM ET

    With a few narrow exceptions, the Federal Aviation Administration prohibits commercial use of drones but is about to propose regulations that will broaden the use of small ones. Congress may also step in next year to try to nudge the FAA to move faster. Drones are forecast to create 100,000 jobs and $82 billion in economic impact in the first 10 years they're...

  • Amazon launches 1-hour shipping in Manhattan Thursday, 18 Dec 2014 | 11:58 AM ET

    "There are times when you can't make it to the store and other times when you simply don't want to go," said Dave Clark, Amazon's senior vice president of worldwide operations, in announcing the service known as Prime Now. Amazon said it hopes to roll out one-hour delivery to more cities in 2015.. The speedy delivery service comes as a result of Amazon's growing...

  • LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...

  • MGM Resorts and FedEx are big market movers Wednesday, 17 Dec 2014 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. MGM Resorts International, down 84 cents to $18.01. FedEx Corp., down $6.48 to $167.78.

  • *FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stocks climbed in early afternoon trading on Wednesday as energy sector shares surged more than 4 percent, though investors were preparing for a Federal Reserve statement that may set the stage for interest rate hikes in 2015.. "Volatility should be expected after the statement because so much is riding on...

  • *FedEx shares fall after earnings, drags transports. NEW YORK, Dec 17- U.S. stocks rose on Wednesday on the heels of a three-session losing streak and ahead of the U.S. "I don't know that it really makes a huge difference because ultimately they will hedge anything they do in that regard by simply saying it is all data-dependent," said Randy Frederick, managing director...

  • UPDATE 3-FedEx profit misses expectations; stock down Wednesday, 17 Dec 2014 | 10:18 AM ET

    CHICAGO, Dec 17- FedEx Corp on Wednesday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearly 5 percent. Both FedEx and main rival United Parcel Service Inc are in the final days of their peak holiday...

  • Inside FedEx earnings miss  Wednesday, 17 Dec 2014 | 9:21 AM ET

    Discussing the FedEx earnings miss and how low fuel prices impacted their quarter, with Arthur Hatfield, Raymond James.

  • CHICAGO, Dec 17- Increased U.S. domestic and international volumes sparked higher quarterly profit at FedEx Corp, the package delivery company said on Wednesday, but quarterly earnings and its full-year outlook fell short of expectations. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed...

  • US STOCKS-Wall St to open higher ahead of Fed decision Wednesday, 17 Dec 2014 | 9:11 AM ET

    *FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stocks were set to rise at the open on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. "I do think they will take in consideration slow global economic activity and perhaps mention the threat of deflation in Europe," said Peter Cardillo,...

  • Early Movers: FedEx, Verizon, Volcano & more Wednesday, 17 Dec 2014 | 8:34 AM ET

    Companies making headlines before the bell Wednesday:

  • CHICAGO, Dec 17- Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed over the past...

  • CHICAGO, Dec 17- Package delivery company FedEx Corp reported a 23 percent jump in quarterly profits on Wednesday driven by higher U.S. domestic package and international export volumes, but fell short of analyst expectations. The Memphis- based company reported net income of $616 million for the quarter ending Nov. 30, compared with $500 million a year earlier.

  • US STOCKS-Futures rise ahead of Fed decision Wednesday, 17 Dec 2014 | 7:47 AM ET

    *FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stock index futures rose on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. *FedEx shares fell 2.8 percent in light premarket trading after the package delivery company posted quarterly results.

  • FedEx misses Street 2Q forecasts, but profit jumps 23 pct Wednesday, 17 Dec 2014 | 7:39 AM ET

    FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices. FedEx also said Wednesday that a jump in plane maintenance blunted gains the company reaped from managing costs, lowering its pension expense and growing its export...

  • FedEx earnings fall short of expectations Wednesday, 17 Dec 2014 | 7:31 AM ET
    A FedEx cargo plane at the company's distribution hub at Los Angeles International Airport.

    FedEx on Wednesday reported higher second-quarter earnings, but the numbers fell short of analysts' expectations.

  • FedEx earnings looking good  Wednesday, 17 Dec 2014 | 5:25 AM ET

    With FedEx reporting their second-quarter results later today, Arthur Hatfield, transport analyst and managing director at Raymond James, says that many factors will help boost FedEx's second quarter, including a "robust U.S. economy and healthy prep for the holiday season".

  • Fed rate wording boosts Asian stock markets Wednesday, 17 Dec 2014 | 4:44 AM ET

    NEW YORK— The U.S. stock market had its best day in more than a year after the Federal Reserve said it would to remain "patient" in its approach to raising interest rates. "The Fed is going to be our friend for a very long time," said Burt White, chief investment officer for LPL Financial. That was the biggest gain for the index since October 2013.

  • FedEx truck crashes in Georgia, spills packages Tuesday, 16 Dec 2014 | 3:53 PM ET

    FORSYTH, Ga.— A FedEx truck crash along a Georgia interstate sent packages spilling all over the highway just nine days before Christmas. A FedEx truck also overturned in New Jersey on Monday, one of the company's busiest shipping days of the year. FedEx spokeswoman Connie Avery says customers with questions on their shipments should track their packages online,...

  • Early Movers: MMM, AMZN, IHG, BA, KO & more Tuesday, 16 Dec 2014 | 7:57 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.