FedEx Corp. Chief Financial Officer Alan Graf denied that the company was predicting unrealistically low earnings for the coming year so that it could deliver better-than-expected results. That implies per-share profit of $6.67 to $7.04.
*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
*Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks fell 1 percent in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continues to improve.
*Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks fell on Wednesday, with the losses accelerating even after the Federal Reserve said it would hold steady with its monetary policy.
*Adobe, FedEx shares rise after results. Chairman Ben Bernanke will hold a news conference beginning at 2:30 p.m. He is likely to be asked about the timeline for winding down bond purchases, about inflation that is below the Fed's target and his views on being reappointed Fed chairman after his term expires on January 31.
Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks were little changed on Wednesday before the Federal Reserve releases a statement which could provide clues about the Fed's future stimulus efforts, a key to the market's continued rally.
Fed Chairman Ben Bernanke, in an effort to keep the bond yields from spiking, will likely emphasize the difference between tapering and tightening when it comes to monetary policy ( USA- FED/, moved, by Alister Bull, 760 words). -USA- FED/POLL, expect by 2100 GMT/ 5 PM ET.
June 19- FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia.
*Adobe shares up, FedEx up after results. "The early morning action is not surprising given the fact that we've had two days of position jockeying ahead of the announcement," said Andre Bakhos, director of market analytics at Lek Securities in New York.
June 19- FedEx Corp said on Wednesday it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about future growth, even as the world's biggest air-freight company posted a stronger-than-expected profit.
*Adobe shares up, FedEx down after results. "The early morning action is not surprising given the fact that we've had two days of position jockeying ahead of the FOMC announcement," said Andre Bakhos, director of market analytics at Lek Securities in New York.
NEW YORK, June 19- U.S. stock index futures were up modestly Wednesday, holding on to gains over the last two days ahead of a highly anticipated Federal Reserve statement and news conference.
June 19- FedEx Corp posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.