UPS is changing the way consumers receive their packages and in the process hopes to gain market share. Scott David, UPS CEO discusses the shipping company's new plan and its future growth outlook.
While most of UPS revenues are in the U.S. (about 75 percent), the health of their international package business (about 22 percent of revenues) is considered a key barometer of global shipping demand.
The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances, reports the New York Times.
With the markets in turmoil, the Fast traders had a handful of stocks on their radar Monday. Find out how they are trading H-P, Lowe's and FedEx.
Scores of big corporations have lost their AAA status in recent years, and it hasn't seemed to hurt them, so what's the big deal about the federal government losing such status, The New York Times reports.
Stocks closed lower Tuesday in thin volume as investors continued to worry over the ongoing debt talks in Washington.
On Tuesday, investors started to wonder if bullish bets on global growth might be premature after UPS voiced caution about economy.
Insolvent, deficit, debt crisis. These words have been used for months characterising the debt ceiling.
Stocks dipped Tuesday as investors continued to monitor the ongoing debt talks in Washington and after a handful of mixed economic news.
Futures wavered Tuesday after the S&P/Case-Shiller home price index showed some improvement in May along with strong earnings from Ford, but gains were limited as investors continued to monitor the ongoing debt talks in Washington.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
It’s “Hoarding: Buried Alive,” only instead of a closet full of used paper towel tubes it’s a portfolio full of money.
Every 3 months the Street turns attention to earnings from so-called bellwethers such as GE or FedEx. But we're hearing some lesser known stocks might make better bellwethers.
If you want to make money in the second-half of the year, here's how Cramer suggests doing it.
A drumbeat of disappointing data about consumer behavior, factory sales and weak hiring has prompted economists to ratchet down their 2011 economic forecasts, the New York Times reports.
A lack of warnings during earnings season is a sign of good things to come, Michael Thompson, managing director valuation and risk strategies at Standard & Poor, told CNBC in an interview Friday.
Despite new homes sale reaching record lows for the first time in three months in May, Steve Blitz, senior economist at ITG research, and Megan McGrath, executive director and senior analyst at MKM Partners, told CNBC they are optimistic about the housing market.
While higher surcharges helped offset the rising cost of fuel, FedEx reported a 33 percent increase in fourth quarter earnings. Urs Dur, vice president of shipping and logistics analyst at Lazard Capital, offered CNBC his outlook on the stock.
Stocks fell in the final hour of trading to close lower Wednesday after Fed chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but offered no hint about plans for new stimulus measures.
Stocks slipped slightly after Federal Reserve chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but gave no further clue for new stimulus plans.