FedEx's indictment for shipping packages from illegal online pharmacies isn't hurting shares, which makes sense to one analyst.» Read More
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..
ATLANTA— UPS is opening nine new facilities in Brazil to expand its delivery network to more than 200 Brazilian cities. The growth of small and medium-size businesses in Brazil, an expanding middle class and more activity in online commerce drove the decision invest more in the country, the company said Tuesday.
But David Abney, who assumes top job of chief operating officer Sept. 1, said the company has to focus on growing international economies, better use technology and keep the focus on employees.
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.
*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.
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.
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UPS said its board of directors named David Abney, the company's current chief operating officer, as its new CEO. He was appointed to the board.
June 6- The incoming head of United Parcel Service Inc said on Friday the world's largest parcel delivery company will continue investing to build capacity in emerging markets and to expand its services, especially in healthcare, its fastest-growing segment after e-commerce.
Hiring for two new SCE&G reactors underscores the need for replacing retiring nuclear workers in next several years.
June 6- United Parcel Service Inc, the world's largest parcel delivery company, named David Abney chief executive to replace Scott Davis who will retire to become non-executive chairman. Both moves are effective Sept. 1. UPS shares closed at $103.62 on the New York Stock Exchange on Thursday.
June 6- United Parcel Service Inc, the world's largest parcel delivery company, said it had named David Abney chief executive. Scott Davis, who has been CEO and chairman since 2008, will retire and be the company's non-executive chairman. Both moves are effective Sept. 1, UPS said.
Some of the names on the move ahead of the open.
Although stocks climbed modestly on Tuesday, dig down into the market and Cramer says you’ll find fundamentally bullish developments.
*Deutsche Post aims to help European clients expand in e-commerce. BERLIN, May 23- Deutsche Post is aiming to tap an expected surge in online shopping in developing countries by offering clients in its main European markets a service that can deal with shipping and red tape, as well as delivering to a customer's door.
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