UPS said it would hire 90,000 to 95,000 seasonal employees ahead of an expected surge in package deliveries through the holiday shopping season.» Read More
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.
*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.
Several companies missed profit estimates today, bucking the trend. Here's what it means for the markets....
*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.
UPS slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.
U.S. stock-index futures rose Tuesday as investors looked to economic reports, earnings and the Fed's mid-week policy decision.
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.
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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.
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.