The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
LOS ANGELES, May 30 (Reuters) - FedEx Corp said on Thursday it will begin offering Sunday residential delivery and handoff fewer e-commerce packages to the U.S. Postal Service, as it works to bolster service and wring more profits out of the online shopping boom.
FedEx said it will offer year-round, seven-day U.S. ground delivery starting in January 2020. It now offers Sunday home delivery in the United States only during the peak holiday season.
Memphis-based FedEx and rivals ranging from United Parcel Service Inc to Amazon.com Inc are seeking to reduce the cost of delivering packages the so-called "last mile" to online shoppers' doorsteps by increasing the number of packages they drop of at each stop.
"We're going to be the premium, low-cost delivery provider" for the last mile, said Raj Subramaniam, FedEx's president and chief operating officer.
FedEx aims to do that by shifting the delivery of nearly 2 million FedEx SmartPost packages from U.S. Post Office (USPS) mail carriers to the service providers who handle FedEx Ground residential package deliveries.
FedEx since 2016 has used technology that allows it to put a FedEx SmartPost package into the FedEx Ground network when another package is destined for the same or nearby address.
It is accelerating that matching effort and expects the vast majority of FedEx SmartPost package volume to be integrated into FedEx Ground operations for final delivery by the end of 2020.
"We believe this makes sense for (FedEx) as costs at the USPS are rising and FedEx continues to focus on improving margins and efficiency in its networks," Cowen & Co analyst Helane Becker wrote in a client note.
Shares in FedEx closed down 1% at $158.01 on Thursday. (Reporting by Lisa Baertlein in Los Angeles; Editing by Tom Brown)