The fuel cell maker is actively deceiving investors with guidance and is worth a fraction of its current price, says Andrew Left of Citron Research.» Read More
Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.
Bear Stearns reported its first quarterly loss ($854 million, or $6.90 a share) in its history. Writedowns of $1.9 billion on lower value of mortgage-related securities. Up fractionally. Nike beat, up 3 percent pre-open, and expects low double digit revenue in the second half of fiscal 2008.
People who read this blog regularly know that I love lists. I also like to dissect them as evidenced by my criticism of BusinessWeek's Sports Power in September. Here's another list: SportsBusiness Journal's 50 Most Influential People In Sports Business In 2007.
Eight days left until Christmas and the gift giving season is getting down to the wire. For those of you who did your shopping online this season, the odds are high that those mail-ordered gifts are working their way through shipping facilities today. More than eleven million packages are going to be sorted and pass through FedEx terminals today.
Stocks got a good lift on the opening despite a negative forecast from Federal Express that says more about the economy than the company. That move up, driven in part by options expirations, has faded. The energy markets are cooking and oil is rising close to $95 per barrel, ahead of the expiration of the December contract there today.
Package delivery company FedEx cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker demand for less-than-truckload shipments.
FedEx lowering guidance for the quarter ending November 30th. New guidance is $1.45-$1.55, old guidance was $1.60-$1.75. They cite rapidly rising fuel prices (even though they have dynamic fuel surcharges in place); they also note that less-than-truckload freight trends remain weak.
Package delivery company United Parcel Service said Friday it was raising its prices for 2008 by about 4.9 percent, matching a planned hike by rival FedEx.
The FEC is questioning 2008 contenders about contributions that “appear to exceed” legal limits. Hundreds of donors wrote checks for more than the $2,300 per election cap. Some failed to attribute parts of donations from joint bank accounts to their spouses.
United Parcel Service Tuesday posted a better-than-expected profit, citing growth in its global business, supply chain and freight unit plus modest growth in its U.S package business despite a "sluggish" economy.
Package delivery company United Parcel Service said Monday that Chief Financial Officer Scott Davis will replace Chief Executive Officer Mike Eskew, who will step down at the end of this year.
The Labor Department's jobs number tracks people in the work force, but it doesn't account for millions of workers classified as independent contractors. Now, a battle is brewing over whether contractors like Gupertino Magana are getting a fair deal.
The Teamsters union and United Parcel Service on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
FedEx shareholders may vote Monday to separate the role of chairman and chief executive officer at the company's annual meeting.
FedEx Thursday reported higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down nearly 2%.
Stocks closed lower as a better-than-expected earnings report from financial bellwether Goldman Sachs was offset by record-high crude prices and a plunging greenback. "When Bernanke cut rates people thought the glass was half-full now today it looks like it is half-empty," said Phil Roth, chief technical analyst with Miller Tabak.
Federal Reserve Chairman Ben Bernanke is back on the hot seat today and Wall Street, meanwhile is sifting through some big earnings reports. What look to be strong earnings from Goldman Sachs improved early sentiment. Goldman Sachs, as expected, handily beat earnings estimates with profits of $2.85 billion, or $6.13 per share, compared to an estimated $4.37 per share. The numbers included $1.71 billion in losses related to leverage loans, which in part was offset by a gain from the sale of wind power company Horizon Energy.
As suspected FedEx beat estimates for their first quarter but lowered full year guidance. Recall that they introduced fiscal 2008 guidance last quarter of $7.00-$7.40, but today lowered it to $6.70-$7.10. CEO Frederick Smith said that the global economy was solid "outside the U.S." but that "financial market volatility and high energy costs" increased uncertainty around the economic outlook.