United Parcel Service Inc


  • NEW YORK— A lawyer accused of conspiring to help a con man in a ruse to borrow millions of dollars in a failed bid to buy Maxim magazine was arrested on Wednesday. Harvey Newkirk was freed on $500,000 bail after appearing in Manhattan federal court. Darden's father, Cal Darden, is a retired executive for Atlanta- based United Parcel Service Inc. He sits on the boards...

  • NEW YORK, March 20- Linda Hudson, former CEO of the U.S. arm of British defense company BAE Systems Plc, is among the women that boards call on when they are looking for a female director. "You often don't get the enlightened thinking of reaching beyond the obvious candidates," said Hudson, who sits on the boards of Bank of America Corp and utility Southern Co., and is...

  • March 18- Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on Wednesday but forecast full-year earnings below analysts' estimates as it looked for the global economy to grow at a lackluster rate. Memphis- based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international...

  • March 18- Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on Wednesday, driven by higher package volumes, but forecast full-year profit below analyst forecasts. Memphis- based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international business was hurt by falling fuel...

  • NEW YORK, March 9- A federal judge on Monday said FedEx Corp must face claims that it violated federal law by delivering contraband cigarettes in New York, cheating the state and New York City out of millions of dollars of excise taxes. District Judge Edgardo Ramos in Manhattan denied FedEx's bid to dismiss claims it violated an anti-racketeering law and the...

  • NEW YORK, March 6- U.S. consumers battered by the wretched winter weather still afflicting much of the eastern half of the country have responded by ordering in rather than eating out, flying more frequently to Florida and cutting out trips to the mall, according to a Reuters review of company data. While the relentless weather has dented traffic and sales for...

  • Roadie: Free food, and putting FedEx on notice Saturday, 28 Feb 2015 | 4:00 PM ET
    Customers dine at the Waffle House which just partnered with delivery service Roadie.

    Roadie is a community of people that help each other out, CEO Mark Gorlin said, and it's already had 7,500 downloads in three weeks.

  • West Coast paralysis: Some winners...sort of Friday, 20 Feb 2015 | 11:06 AM ET
    A container ship sits docked in a berth at the Port of Oakland, Feb. 17, 2015, in Oakland, Calif.

    There are plenty of losers in the West Coast port labor fight. Are there winners? Kind of...

  • NEW YORK, Feb 18- New York City and New York state sued United Parcel Service Inc. on Wednesday, seeking over $180 million in damages and penalties against the shipping company for allegedly delivering nearly 700,000 cartons of untaxed cigarettes across the state. The lawsuit, filed in U.S. District Court in Manhattan, accuses UPS of cheating the state and city of...

  • Is Japan Post overpaying for Toll? Wednesday, 18 Feb 2015 | 12:02 AM ET
    Customer Katsumi Amano withdraws money from his bank account at a Japan Post Co. branch in Hachioji, Japan, on Tuesday, April 15, 2014.

    Japan Post is shelling out a nearly 50 percent premium to buy Australian freight player Toll, spurring concerns the Japanese behemoth may be overpaying.

  • Candy and roses! 1-800-FLOWERS blooms despite odds Saturday, 14 Feb 2015 | 2:00 PM ET
    Bouquet of roses

    The flower business is blooming for 1-800-FLOWERS, which has weathered downturns and the fact that consumers use them infrequently.

  • SAN FRANCISCO/ CHICAGO, Feb 11- Amazon.com Inc packages ordered by its Prime members regularly arrived late over the holidays, a Reuters/ Ipsos survey shows, reflecting the strain on the logistics network that transformed the company into an e-commerce powerhouse. But the results raise questions for Amazon as it expands and takes greater control of its...

  • Traders work the floor of the New York Stock Exchange.

    U.S. stocks rallied to close up more than 1 percent higher, boosted by a surge in oil prices and alleviation of concerns in the euro zone.

  • UPS earnings fall year over year Tuesday, 3 Feb 2015 | 11:33 AM ET
    UPS trucks at the UPS Worldport facility in Louisville, Kentucky.

    United Parcel Service's net profit of $1.15 billion was down nearly 2 percent from $1.17 billion a year earlier.

  • Cramer: UPS has a ‘logistics problem’ Tuesday, 3 Feb 2015 | 10:43 AM ET
    A UPS employee worked extra hard during the storm to get his deliveries made in Boston.

    CNBC's Jim Cramer siad the company needs to take several measures in order to regain credibility with investors.

  • Feb 3- United Parcel Service Inc said on Tuesday it will start applying surcharges for residential packages this year after its costs soared during the recent disappointing holiday season. The Atlanta- based company had mobilized more workers and equipment for an anticipated surge in holiday packages, but the extra business failed to materialize.

  • Stronger oil prices support Wall Street Tuesday, 3 Feb 2015 | 8:24 AM ET
    Wall Street New York Stock Exchange NYSE American Flags

    U.S. stock index futures gained on Tuesday, following European and Asian bourses higher as oil prices rebounded.

  • Early movers: UPS, WEN, RSH, AET, SPLS & more Tuesday, 3 Feb 2015 | 8:11 AM ET
    NYSE exchange floor

    Some of the names on the move ahead of the open.

  • These stocks will benefit from the stronger dollar Tuesday, 3 Feb 2015 | 8:05 AM ET
    Traders work the floor of the New York Stock Exchange.

    Analysts are eyeing earnings from consumer firms and small-cap stocks, which actually benefit from a stronger U.S. dollar.

  • Can recent oil gains continue to power stocks? Tuesday, 3 Feb 2015 | 6:02 AM ET
    Traders work the floor of the New York Stock Exchange.

    News of a debt settlement proposal between Greece and the European Union also eased U.S. investor worries on Monday, putting earnings back in focus.