Cramer is seeing troublesome developments all over the market. "We have to face some facts here," he said.» Read More
April 24- United Parcel Service Inc, the world's biggest courier company, said on Thursday it ratified a five-year contract with higher wages and benefits for 125,000 unionized employees represented by the International Brotherhood of Teamsters.
The retailer is testing its own delivery network in San Francisco.
April 24- United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to increased overtime and transport costs related to a colder-than-usual winter in the United States.
Investors liked what they saw in Facebook and Apple, but Wall Street fell after a slew of earnings and data couldn't sustain the bounce.
April 24- United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to higher costs related to a colder-than-usual winter the United States. Rival FedEx Corp also blamed the harsh weather for weak third-quarter results in March and cut its fiscal-year profit forecast.
Some of the names on the move ahead of the open.
April 24- United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to higher costs related to a severe winter in the United States. The company's net income fell to $911 million, or 98 cents per share, in the first quarter ended March 31, from $1.03 billion, or $1.08 per share, a year earlier.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
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Corporate America’s well-oiled compensation machine is running like a dream.
NEW YORK, April 9- Energy companies are mounting a last-ditch effort to prevent the Federal Reserve from cracking down on physical commodity trading by major Wall Street banks, saying more restriction may further damage liquidity and raise hedging costs.
VANCOUVER, April 9- Just over a year ago, Canadian trucking firm Bison Transport took a bet on a potentially game changing technology, buying 15 big rigs powered by liquefied natural gas. After 14 months on the road, though, the Winnipeg- based company has found that the reality- at least initially- is less rosy.
Facing a constant shortage of workers, a Houston firm launched an internal training program costing $50 million a year with a big payoff.
FedEx CEO Fred Smith said retailers' shortcomings contributed to the mess it faced over the holidays, according to a media report.
March 19- FedEx Corp's on Wednesday said severe winter conditions had hurt quarterly earnings and revenue, prompting the world's No. 2 package delivery company to cut its fiscal-year profit forecast.
FedEx reported lower-than-expected results for the holiday quarter and gave a fiscal-year profit forecast below Wall Street estimates.
March 19- FedEx Corp on Wednesday reported lower-than-expected results for the holiday quarter and gave a fiscal-year profit forecast below Wall Street estimates, the latest in a line of companies saying they were hurt by winter storms. Shares of FedEx were down 0.2 percent at $138.29 in morning trading.
Growing global demand and an aging workforce mean jobs are opening up to service the world's fast growing fleet of aircraft.
March 5- United Parcel Service Inc is spending $70 million to add 1,000 propane trucks to its delivery fleet, the biggest bulk purchase of propane-fired vehicles yet as output of the fuel in the United States hits record highs.
March 5- United Parcel Service Inc, the world's largest courier company, said it would buy 1,000 propane-fueled delivery trucks and install an initial 50 fueling stations in the United States at a total cost of about $70 million.