Christmas season retail hiring is expected to significantly outpace the level seen in 2013.» Read More
NEW YORK— The stock market got the reassurance it wanted from the Federal Reserve Wednesday. "The Fed is not going to take the punch bowl away," said Brad McMillan, chief investment officer for Commonwealth Financial. Major indexes drifted before the Fed released a statement at 2 p.m. Eastern time signaling little change in its interest rate policy.
The Fed could surprise markets Wednesday, simply because of the wide divergence in Wall Street views about its next move.
FedEx is increasing rates in North America for express, ground and freight services effective Jan. 5.
Sept 16- FedEx Corp, the world's No.2 package delivery company, said it would increase shipping rates for its express, ground and freight services, effective Jan. 5, 2015. The rate change applies to FedEx freight shipments within the United States, Canada and Mexico as well as between the U.S. and Canada and between the U.S. and Mexico, FedEx said.
MEMPHIS, Tenn.— FedEx says it will raise U.S. rates for express, ground and home-delivery shipments by an average of 4.9 percent in January. The company said Tuesday that rates also will change for FedEx SmartPost, which uses the U.S. Postal Service for final delivery, although it didn't say how much. Shares of FedEx Corp. shares rose 62 cents to close at $154.66.
DALLAS— UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season— an increase from last year, when the company was caught unprepared for a boom in online shopping. The Atlanta- based company said Tuesday that the positions will include package sorters, loaders, delivery helpers and drivers.
Markets are primed for the possibility the Fed will signal it's a step closer to normalizing its super low rate policy. Even so, trading may still be volatile.
Cramer thinks next week could be tough. “It’s not a bad idea to raise some cash,” he said.
Stocks cut losses to close mixed on Thursday as geopolitical tensions lingered ahead of consumer data.
NEW YORK, Sept 11- Transportation stocks were higher on Thursday, bucking the trend of the general market and edging back near record levels. While correlation has weakened since Sept. 3, when it was 0.97, it is up significantly from a recent low of 0.76 hit on July 31.
"It's a great barometer of what's really happening underneath this market," says CNBC's Jim Cramer.
A record number of enforcement actions are being pursued against employers accused of "wage theft," The New York Times reports.
Spaceflight remains a dream for most stargazers, but everyone can buy a portfolio of stocks to invest in space travel of the future.
For more than a century, followers of Dow Theory have looked to transportation stocks as the great bellwether of broad market movement.
With a healthy cash stockpile, an active VC arm and a cache that's unrivaled in the online world, Google should stay king of the hill, analysts say.
FedEx was indicted in a U.S. criminal case for conspiracy to launder money over deliveries for illegal online pharmacies.
SAN FRANCISCO, Aug 15- FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.
SAN FRANCISCO, Aug 15- FedEx Corp was indicted on Friday in a U.S. criminal case for conspiracy to launder money over deliveries for illegal online pharmacies, according to a court filing. The company already faced several criminal counts, including conspiracy to distribute controlled substances. FedEx has pleaded not guilty to those charges.
UPS and FedEx have received licenses in China to extend express package services to Beijing and other cities without needing joint-venture partners.
Some of the names on the move ahead of the open.