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
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.
Two days after Federal Reserve Chairman Ben Bernanke got a vote of confidence from the markets for the Fed's half point rate cut, he and Treasury Secretary Henry Paulson head to Capital Hill for a hearing on the mortgage mess. They appear before the House Financial Services Committee starting at 10 a.m. Thursday.
The positive momentum continues, with 2-1 advancing to declining stocks. Charles Biderman at Trimtabs.com called to say that mutual funds had $10.4 billion in inflows yesterday, the biggest since Jan 4, 2001. That money was put to work today, for the most part.
At the end of every golf and tennis tournament, the champion gets a trophy. Unless it's the grand slams, these trophies don't have any tradition. So it's a clean slate: Do anything you want, but make sure it's something that gets attention for the big sponsor.
Lots of catching up to do on your mail, as I’ve been on the road for the while and haven’t been that good in checking it. The first note comes from Nathaniel Wydra, who wanted to talk about my insistence that a real life player stock exchange couldn’t happen...
FedEx. We have a problem? Tiger Woods, who led the field heading into the Barclay's, the first FedEx Cup tournament, didn't play in it. Now, Phil Mickelson, who just won the second FedEx Cup tournament (the Deutsche Bank Championship) and is now in first place, isn't playing the BMW, the third tournament on the list.
Here's an award worth winning! Cintas, which provides bathroom supplies, announced the winner of this year’s “best restroom” contest. The award goes to Jungle Jim’s International Market, a grocery store outside Cincinnati. Get this. The bathroom entrances appear to be portable toilets. But once inside, they all lead to a jungle themed restroom with flowers...