United Parcel Service reported a 12 percent fall in quarterly profit due to higher costs related to a severe winter in the United States.» Read More
April 24- United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to increased overtime and transport costs related to a colder-than-usual winter in the United States.
April 24- United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to higher costs related to a colder-than-usual winter the United States. Rival FedEx Corp also blamed the harsh weather for weak third-quarter results in March and cut its fiscal-year profit forecast.
LOS ANGELES— The mother of a 17- year-old honors student who was among 10 people killed in a fiery Northern California bus crash sued FedEx on Tuesday, alleging that its trucks have a history of catching fire. She and other teens were heading north for a free tour of Humboldt State University when the bus was struck head-on by a FedEx truck.
"The bus hit a FedEx truck," the student replied. " The FedEx truck came into us. " The California Highway Patrol released the recordings Thursday as investigators returned to the scene about 100 miles north of Sacramento to reconstruct aspects of the crash.
RED BLUFF, Calif.— Federal transportation authorities are investigating ways to minimize death and injuries in bus crashes following the fiery wreck that left 10 dead when a FedEx truck slammed into a tour bus carrying high school students in Northern California.
ORLAND, Calif.— California Highway Patrol: Unclear what caused FedEx truck to swerve before deadly bus crash.
April 4- Amazon.com Inc launched a new product named Amazon Dash on Friday that allows the user to add groceries and household goods to their shopping lists using the company's AmazonFresh service. However, the device is available only for users of the AmazonFresh which currently operates exclusively in Southern California, San Francisco and Seattle.
FRANKFURT, April 2- Deutsche Post, the world's biggest postal and logistics group, is betting on emerging markets and an e-commerce boom to boost profits through 2020, it said on Wednesday in unveiling its new medium-term financial targets.
March 31- New York state joined New York City in suing FedEx Corp for allegedly violating state and federal laws by delivering untaxed cigarettes, but the company said customer privacy prevented it from checking packages without reason.
March 31- New York state joined New York City in suing package delivery company FedEx Corp for allegedly violating state and federal laws by illegally delivering contraband cigarettes to people's homes.
NEW YORK, March 30- U.S. stock investors will take their cues this week from March jobs data and diplomacy to defuse East-West tensions over Russia's annexation of Ukraine's Crimea region. When trading begins on Monday, investors will keep an eye on developments involving Russia and Ukraine.
NEW YORK, March 28- If hiring picked up in March at a healthy pace, that could convince U.S. stock investors next week that the economy's recent setbacks caused by the weather were only temporary. Wall Street will get more data on the broader economy next week as well.
FedEx CEO Fred Smith said retailers' shortcomings contributed to the mess it faced over the holidays, according to a media report.
*FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.3 pct. *Siemens boosted by UBS rating upgrade. At 0837 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,302.56 points, while the euro zone's blue-chip Euro STOXX 50 index was down 0.3 percent at 3,066.87 points.
Comments from Janet Yellen are likely to keep traders jittery as the Fed chair raised the possibility of an earlier-than-expected increase in interest rates.
NEW YORK, March 19- U.S. stocks fell on Wednesday after comments from Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates.
Stocks finished firmly in the red Wednesday after Fed Chair Janet Yellen suggested interest rate hikes would happen about six months after quantitative easing ends.
*First Solar jumps after outlook. NEW YORK, March 19- U.S. stocks edged lower on Wednesday as after the release of the Federal Reserve's policy statement and looked ahead to comments from Federal Reserve Chair Janet Yellen.
March 19- FedEx Corp's on Wednesday said severe winter conditions had hurt quarterly earnings and revenue, prompting the world's No. 2 package delivery company to cut its fiscal-year profit forecast.
As winter fades to spring so will the ability of companies to keep using the weather as an excuse for weak performance.