FEDEX

Why Companies Are Racing To Cut Earnings Forecasts

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Expectations for U.S. company earnings are on a slippery slope down Wall Street. While the downward slide in estimates highlights the caution analysts and companies are expressing, investors should also be aware that companies are setting lower goals so that they can look better or be able to ?beat estimates? when the results come out.
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postal service

US Postal Service Loss Widens To $3.2 Billion in 2Q

The nearly bankrupt U.S. Postal Service said Thursday its net loss widened to $3.2 billion in the fiscal second quarter as revenues continue to dwindle. It also said it lacks sufficient cash to pay for required future retiree health benefits.
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FedEx settles hiring probe for $3 million

FedEx Corp will pay back wages and interest to more than 21,000 people rejected for jobs in a $3 million settlement of a bias case brought against two of the company's units by the U.S. Department of Labor.
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Dow, S&P drop for 3rd day on global growth worries

The Dow and the S&P 500 fell for a third straight day on Thursday on concerns about the global economy's growth outlook after manufacturing data showed a drop in new orders in both the euro zone and China.
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Global growth concerns weigh on Wall Street

Wall Street fell for a third straight day on Thursday after continued contraction in manufacturing in both the euro zone and China fueled worries about the global economy.
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FedEx to pay Labor Dept $3 million over hiring

FedEx Corp will pay back wages and interest to more than 21,000 people rejected for jobs in a $3 million settlement of a bias case brought against two of the company's units by the U.S. Department of Labor.
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FedEx profit rise beats estimates

FedEx Corp reported higher quarterly profit that beat estimates, citing higher revenue per package and record holiday shipping, and forecast further advances in the current quarter.
Rising Gas Prices

5 Ways Rising Gas Prices Will Affect You

High oil prices affect politics, schools, jobs, public budgets and almost every industry. But current pressures could be augmented if war breaks out between Israel or the United States and Iran, with the result being a costly disruption in global supply.
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2012 March for Babies: Watson Joins Dimes to Fight Preterm Births

Watson Pharmaceuticals, one of the leading global pharmaceutical companies, has offered their support to the 2012 March for Babies event and the prematurity campaign program of the March of Dimes, a leading nonprofit organization for pregnancy and baby health.
#10 United Parcel Service (UPS)

UPS To Acquire TNT Express For €5.16B In All-Cash Deal

UPS will pay €9.50 a share in cash for Europe's second-biggest express-delivery provider, up from a February bid of €9 a share and 54 percent above TNT shares' closing price on Feb. 16. The deal is the biggest in UPS's 105-year history.
Oliver Voelkers

iPad 3 Released Worldwide: Customers Reactions (PHOTOS)

iPad 3 has launched its worldwide release to thousand of waiting fans and tech aficionados alike. David Tarasenko, a construction manager from Sydney, Australia was the first lucky buyer of a new iPad 3 HD. From there, store openings across Austrailia and Asia continued to before European stores opened at 8 a.m. local time. In San Francisco, one of Apple's flagship stores, customers waited in light rain as local television crews shot news reels of people holding umbrellas and reading their iP...
UPS

UPS Still In Takeover Talks With TNT Express

U.S. delivery company United Parcel Service Inc. (NYSE:UPS) said Friday it is in constructive talks to buy Dutch rival TNT Express NV and reiterated its intention to make a formal bid by May 12.
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TNT Express-UPS deal to come after Friday: sources

United Parcel Service and TNT Express are unlikely to announce a deal on Friday when they need to update the market about the status of their merger talks, but a deal could come soon after that, sources close to the talks said.

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