| As of Friday, November 20th: |
LATEST EARNINGS RESULTS
- Existing-Home Sales Jump to 2-1/2 Year High
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Obama Jobs Forum May Be More Political Than Practical
- Late Payments on Credit Cards Drop in Third Quarter
- Smallest US Businesses Borrowing Again: PayNet
- China Asks Its Banks to Slow Down Lending
- Little Sign of Inflation on the Horizon: IMF
- Suze Orman’s 'A Healthier, Wealthier You'
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- This Holiday Season—Little Joy For Those Hard Hit
- Busch: Markets Smell a Country Rat
- Schork Oil Outlook: Mission Impossible For The Bears?
- S&P Stocks Trading at New 52-Week Highs
- Losey: Asset Allocation At Retirement
- Farrell: Obama Hectored, Ignored and Restricted?
MOST SHARED
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wall Street Finds Profits by Reducing Mortgages
- Start-Up Proves Everything Really Is Better With Bacon
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- China Asks Its Banks to Slow Down
- China Should Stop Property Stimulus Now: Central Bank
- China Industrial Bank Eyes $2.64 Billion Rights Issue
- JPMorgan's Dimon Could Succeed Geithner: Report
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FedEx [FDX
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] will not run a Super Bowl ad for the first time in 12 years, according to a posting on the company Web site Monday.
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Director of advertising Steve Pacheco cited difficult economic times as the reason the company will not buy a spot.
"As a country, we are in unprecedented economic waters. And as a responsible employer of more than 290,000 employees and contractors worldwide, there is a time to justify such an ad spend and a time to step back," Pacheco wrote in the Monday blog post.
FedEx has advertised in 18 Super Bowls since 1989.
Last week, FedEx reported a higher profit for its fiscal second quarter, meeting expectations, but announced a 20 percent pay cut for CEO Fred Smith and said it was suspending retirement plan contributions as the U.S. economy's outlook looks bleak.
FedEx said it has a hiring freeze in place and has cut staff levels at its FedEx Freight and FedEx Office units.
According to a company filing with the U.S. Securities and Exchange Commission in July, Smith's base salary for the company's fiscal 2009 year was set at around $1.48 million.
The company also announced the suspension of matching contributions to FedEx's 401(k) retirement plan for a minimum of one year as of February 1.
FedEx said the cost-cutting measures would reduce expenses by $800 million by the end of its fiscal 2010 year.
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- Horton Results Miss Estimates, Shares Drop
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
The computer maker reported financial results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares.
- Gap Reports Earnings in Line With Forecasts
Gap posted a profit that matched forecasts Thursday, though the retailer edged Wall Street's sales expectations.
- Horton Results Miss Estimates, Shares Drop
- Intuit Posts Narrower-Than-Expected Loss
Intuit, maker of QuickBooks accounting software, posted a narrower-than-expected quarterly loss on tight cost controls, though it issued a profit outlook below Wall Street projections.
- Intuit Posts Narrower-Than-Expected Loss
- Sears Posts Second Consecutive Quarterly Loss
- BJ's Wholesale Profit Falls, Hurt by Falling Food Prices
- Salesforce Profit Beats Forecasts, but Shares Fall
- Autodesk Shares Fall on Disappointing Outlook
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- Target Third Quarter Profit Up, Cautious on Fourth
- Weak US Housing Market Drags on Lowe's Profit
- JC Penney Profit Falls, but Shares Up on Forecast
- Disney Profit, Sales Top Forecasts; Shares Jump
- Nordstrom Earnings Miss Forecasts; Shares Take Hit
- Wal-Mart Holiday Forecast Light, Profit Beats
- Kohl's Profit Beats Street, But Outlook Falls Short
- Vivendi Profit Up More Than 5%, Keeps 2009 Goals
- Cost Cuts Help BT to Raise Full-Year Guidance
- Applied Materials Profit, Sales Top Wall Street Forecasts
Data is a real-time snapshot *Data is delayed at least 15 minutes