FedEx's indictment for shipping packages from illegal online pharmacies isn't hurting shares, which makes sense to one analyst.» Read More
CNBC's Scott Cohn reports FedEx has been indicted on 15 criminal counts for helping Internet pharmacies deliver drugs to buyers in the U.S. without prescriptions.
The probability that a missile downed Flight MH17 prompts questions on whether the plane should have flown over a war-torn area. NBC News reports.
FedEx has been indicted in connection with a Justice Department investigation into prescription drug trafficking, reports CNBC's Scott Cohn. FedEx claims it is innocent of the charges, saying it's a transportation company, not law enforcement.
Some of the names on the move ahead of the open.
FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.
SAN FRANCISCO, July 17- FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.
SAN FRANCISCO— Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. The indictment filed in federal court in San Francisco alleges that FedEx Corp. conspired with two related online pharmacies for 10 years ending in 2010..
FARNBOROUGH, England, July 16- ASL Aviation, an Irish aviation services company, on Wednesday signed a letter of intent to buy up to 10 of Lockheed Martin Corp's LM-100J commercial freighters as the launch customer for the new turbo-prop airplanes, Lockheed said in a statement.
Younger Americans wait to buy homes because of changes in marital status, education and race Italy's Gtech buying slot machine maker International Game Tech for $4.7 B in cash and stock China's economic growth rises to 7.5 percent, adding to signs of possible recovery Improvement in China's growth reassuring but no game changer for region it looms over US producer prices likely rose in June after falling in May Higher factory, mining output likely boosted US industrial production in June Further evidence of strong UK economic recovery emerges as employment hits joint record high French authorities investigating delivery companies; FedEx, TNT, Royal Mail may face fines As eurozone heals from crisis, demand for eurozone investments rises Intel net income jumps in 2nd quarter as office PCs are refreshed, predicts strong 3rd quarter
U.S.-based FedEx Corp., TNT Express NV from the Netherlands and Britain's Royal Mail PLC are all under investigation for unidentified malpractices. FedEx, TNT Express and Royal Mail said in statements they could suffer "material" losses after receiving a notice from the French authority alleging breaches of anti-trust rules.
Royal Mail, FedEX Corp and TNT Express said they had received a notice from French competition authorities over a possible breach of antitrust law.
Dabbawalas are the bikers who take tiffins to hungry eaters in Mumbai, and their system is so efficient FedEx has studied it. GP reports.
For the larger companies, the initiative ensures that their own suppliers are robust and "demonstrates a recognition that a healthy supply chain is good for business," the White House said in a statement.
WASHINGTON— Dozens of companies, including Apple, Honda and Coca-Cola, have agreed to pay their suppliers more quickly in a bid to boost small businesses, the White House announced Friday.
CHICAGO, July 7- As North Americans hit the highways, airports and rails for vacations this summer, it's not hard to believe that some of the most robust stocks are in the transportation industry- particularly in an improving economy.
Endowments are divesting holdings in fossil-fuel companies and students are cheering. But Terry Tamminen asks, Are these good intentions misguided?
Members of the 2014 CNBC Disruptor 50 list talk about how to shake up business in their industries.
*Oil tops $114 a barrel on Iraq concerns. NEW YORK, June 18- Wall Street stocks jumped on Wednesday, taking the S&P 500 index of top companies to an all-time record after the Federal Reserve promised to keep in place low interest-rate policies and forecast the world's biggest economy would expand moderately.
*Amazon CEO Bezos unveils "Fire" smartphone; stock climbs. *FedEx shares hit all-time high after quarterly profit. "It's onwards and upwards for equities, especially after the Fed's announcements today," said Mike Arone, chief investment strategist for State Street Global Advisors' intermediary business in Boston.
Stocks climbed on Wednesday after the Federal Reserve continued to taper, and said the economy is rebounding.