FedEx said it would fight any additional charges if they are brought. FedEx is due back in court Sept. 24 in San Francisco for a status conference.» Read More
NEW YORK, June 18- U.S. stock index futures were little changed on Wednesday, after a three-day winning streak for the S&P 500 index and ahead of a monetary policy announcement by the Federal Reserve.
June 18- FedEx Corp's fourth-quarter profit more than doubled from the same quarter last year, when the world's No. 2 package delivery company recorded heavy charges related to cost cutting and restructuring. The company reported net income of $730 million, or $2.46 per share, for the quarter ended May 31.
Some of the names on the move ahead of the open.
Stocks fluctuated on Tuesday a day before the Federal Reserve's policy decision.
Some of Tuesday's midday movers:
June 17- United Parcel Service Inc, the world's biggest package delivery company, said it would start charging by size of packages for all ground services in the United States as it looks to offset rising fuel costs. Rival FedEx Corp made a similar move in May, which had analysts speculating if UPS would follow suit and start charging by size, instead of weight alone.
United Parcel Service said it will start charging by size of packages for all ground services in the U.S., as it looks to offset rising fuel costs.
June 17- United Parcel Service Inc, the world's biggest package delivery company, said it will start charging by size of packages for all ground services in the United States, as it looks to offset rising fuel costs. Rival FedEx Corp announced a similar pricing plan along with an increase in fuel surcharge in May.
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Outgoing UPS CEO Scott Davis, and incoming CEO David Abney discuss why the UPS board of directors chose to change leadership and the challenges facing the shipping sector.
*Expects 2nd- qtr adj profit/share $0.12- $0.13 vs est $0.21. *Expects revenue $250- $252 mln vs est $267.5 mln. Tibco, whose customers include Delta Air Lines Inc, FedEx Corp and Merck& Co Inc, estimated adjusted earnings of 12- 13 cents per share for the quarter ended June 1.
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Although stocks climbed modestly on Tuesday, dig down into the market and Cramer says you’ll find fundamentally bullish developments.
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