FedEx on Wednesday reported quarterly results that missed Wall Street estimates as revenue declined at its biggest unit, Express Delivery.» Read More
*Amazon, Microsoft, Zynga rally after results. NEW YORK, Oct 25- U.S. stocks edged up on Friday, with the S&P 500 on track to close at an all-time high as results from Amazon and Microsoft sent those stocks soaring.
In the wake of UPS posting big quarterly profits, Arthur Hatfield, Raymond James and Donald Broughton, Avondale Partners, give their views on the delivery company's strong performance.
Oct 25- United Parcel Service Inc said increased demand in domestic ground shipments lifted profits in the third quarter and expects online sales to boost shipping volumes as it heads into the holiday quarter.
U.S. stock index futures pointed to a flat open on Friday.
Shipment volume and forecasts at UPS, along with rival FedEx Corp, are closely watched by Wall Street and considered an indication of overall economic health because of the vast amount of goods they transport.
Some of the names on the move ahead of the open.
Oct 25- United Parcel Service Inc posted a bigger quarterly profit On Friday, led by demand in domestic ground shipments. For the third quarter, the Atlanta- based company earned $1.10 billion, or $1.16 a share, compared with $469 million or 48 cents a share a year earlier.
UPS posted a bigger profit, led by increased demand in ground shipments, and the courier company said it expects online sales to boost holiday volume.
Fasten your seatbelts. With earnings season in full swing, the US will also release a wave of economic reports delayed by the shutdown, including the jobs report.
Cramer expects earnings to take center stage in the week ahead. And what a week it will be.
NEW YORK, Oct 17- Benefits consultant Aon Hewitt predicted that healthcare premium costs for large U.S. employers would rise about 6 percent in 2013, but when it tallied up its numbers for the year, the increase was only about 3.3 percent. The projection for 2014 costs is again in the 6- percent-to-7-percent range, Aon Hewitt said on Thursday.
BOSTON, Oct 2- Highfields Capital, which oversees $13 billion in assets for universities, hospitals and wealthy investors, plans to return as much as $2 billion to clients because it believes it can deliver better returns with less money.
NEW YORK, Oct 2- Long Island publicist Brian Erni works for a company that would extend health insurance to his wife if he would pay for it. Families across the United States are facing similar situations as many companies plan to trim, eliminate or charge extra for benefits for employees' spouses in 2014, when key parts of healthcare reform take effect.
WASHINGTON, Oct 1- Several of America's largest enterprises including Boeing Co and United Parcel Service Inc warned the Federal Reserve on Tuesday that restricting Wall Street's trading in physical commodity markets could harm their business.
Sept 25- Target Corp will launch a free service on Wednesday that lets shoppers set up recurring deliveries of bulky baby goods, a move that mimics Amazon.com Inc and is aimed at attracting more moms.
Stocks ripped higher to close near their best levels Wednesday, with the Dow and S&P 500 setting fresh highs, after the Federal Reserve surprised Wall Street by keeping its $85 billion-a-month bond-buying program intact.
Divergent market expectations and positive reviews of the new iPhone have made Apple the most controversial stock Cramer has ever seen.
U.S. stock index futures continued to hover around the flatline Wednesday ahead of the Federal Reserve's announcement on the future of its economic stimulus program.
Walgreen is moving its employees to a health insurance exchange from coverage provided directly from carriers, the company will announce Friday.
BEIJING, Sept 16- More than 50 cities in China have answered Beijing's call for cleaner economic growth with plans for aviation hubs, airports clustered with industrial zones.