Financially troubled European airplane manufacturer Airbus has stopped work on the freight version of its new A380 superjumbo so it can focus more on the troubled passenger version of the aircraft, a spokesman for its parent company said Thursday.
United Parcel Service signed an agreement with Airbus that changes the delivery dates for UPS's order for the freighter version of Airbus' A380.
Citigroup said it will rebrand itself as "Citi" and sell its trademark red umbrella to St. Paul Travelers.
United Parcel Service said it ordered 27 Boeing 767-300ER freighter aircraft, worth about $3.8 billion at list prices.
Stocks ended a strongly positive week narrowly mixed Friday after the market absorbed a weaker-than-expected employment report that curbed bullish sentiment.
The Dow closed at a record for the third straight session and Nasdaq fell slightly as investors bought selectively ahead of earnings reports and on a steep drop in oil.
Showing up for the first trading day of the New Year is a little like arriving for the first day of school. Good grades from last year no longer count, and the books are no longer relevant. That feeling is especially strong when the old year rang in some very comfortable double digit gains for stocks, and the path to the next year's profits is not so clear. The first week of 2007 is awash in data, including the Friday jobs report, auto sales, retailers'.....
A plunge in oil of more than $1.50 per barrel, coupled with a rise in bond prices, helped push major stock indexes broadly higher across several sectors in a day of light holiday trading.
Procrastinating gift buyers are expected to drive big retail sales through this weekend -- and the Internet discount jeweler is fighting for its last-minute share with free shipping.
Heather Dougherty of Nielsen/NetRatings says Christmas procrastinators will keep hitting the Internet in droves, thanks to firms offering free FedEx delivery to beat the deadline.
Stocks pulled back fractionally as a late-day selloff prevented another record day for the Dow, while the Nasdaq and S&P 500 finished slightly lower as well.
Stocks ended the day on the downside with more deals and earnings news driving the momentum on Wall Street today. All three major indexes closed down fractionally. The Dow Jones Industrial Average traded in a narrow range of about 40 points. More from Mary Thompson, CNBC’s “Eye on the Floor.”
FedEx gave a cloudy outlook for the third quarter that overshadowed the express package delivery company's fiscal second-quarter profit increase of 9% on a strong ground delivery business.
FedEx might be delivering Holiday gifts to millions of people this year—but apparently not one to Wall Street. The overnight shipper issued a third-quarter forecast that was below both the previous year's results and analysts' expectations, and the company's shares fell almost 4% to $109.70 in pre-market trading. On this morning’s “Squawk Box,” Rob Morgan, investment strategist with Janney Montgomery Scott, provided instant analysis of the numbers.
U.S. stocks are aiming higher after a late day rally gave stocks a lift yesterday, resulting in another record on the Dow but in a mixed market. Oil is firmer this morning, and energy shares were among those rebounding late yesterday after several losing sessions. Tokyo stocks were higher, and European markets were mostly higher with technology stocks among the winners.
If you're not up to facing the crowds at the stores this weekend, and are thinking online shopping may be the way to go, be prepared for traffic of a different kind.
It's all OPEC for the next 24 hours. But today on the floor of the New York Mercantile Exchange it was all about inventories. Crude prices rallied after a bullish inventory report from the U.S. Energy Department showed U.S. oil inventories slid by 4.3 million barrels, due to a large drop in crude imports.
If you can't seem to find enough sales help at the store, there may be a reason. Margaret Brennan reports on Squawk Box that retailers may wind up hiring less temporary workers this year. Target, Wal-Mart and The Limited all plan on keeping hiring at 2005 levels.
In an exclusive live interview on cnbc.com’s home page, the branding guru tells CNBC's Liz Claman what firms must remember to keep customer loyalty in 2007.
It killed eToys. It’s the great equalizer between brick and click retail. It’s shipping – and when the U.S. Postal Service didn’t satisfy demand, the United Parcel Service and Fedex saw their opportunity.