Stocks lost the bulk of Tuesday gains as geopolitical issues came back into play, offsetting upbeat earnings.» Read More
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.1 percent to $99.47 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 0.8 percent at $148.36.
*2nd- qtr profit of $1.21/ share vs est $1.25/ share. July 29- United Parcel Service Inc, the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the busy holiday shopping season.
July 29- United Parcel Service Inc, the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season. The Atlanta- based company said it expects full-year adjusted earnings of $4.90- $5.00 per share.
July 29- United Parcel Service Inc's quarterly profit more than halved as the world's biggest courier company took a charge related to retirement liabilities of some union employees. The company's net income fell to $454 million, or 49 cents per share, from $1.07 billion, or $1.13 per share, a year earlier.
Some of the names on the move ahead of the open.
Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.
Jim Cramer sees plenty of money making opportunities scattered across almost every sector of the market. Here's what's on his calendar.
SAN FRANCISCO— FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
FedEx's indictment for shipping packages from illegal online pharmacies isn't hurting shares, which makes sense to one analyst.
SAN FRANCISCO— Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. The indictment filed in federal court in San Francisco alleges that FedEx Corp. conspired with two related online pharmacies for 10 years ending in 2010..
CHICAGO, July 7- As North Americans hit the highways, airports and rails for vacations this summer, it's not hard to believe that some of the most robust stocks are in the transportation industry- particularly in an improving economy.
William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.
Stocks climbed on Wednesday after the Federal Reserve continued to taper, and said the economy is rebounding.
*Expects 2015 earnings $8.50- $9.00/ share vs est $8.75. June 18- FedEx Corp reported a better-than-expected quarterly profit as strong shipments of items ordered online boosted the ground business of world's No. 2 parcel delivery company.
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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.