FedEx Corp beat its quarterly profit forecasts and is updating its fleet with fuel-efficient Boeing aircraft while delaying delivery of other new planes to cut overall costs, driving its shares up nearly 8 percent.
Stocks rose on Thursday as signs of strength in the economy and higher-than-expected profit at FedEx outweighed a stark warning from the IMF about inaction over Europe's debt crisis.
FedEx Corp. reported a higher-than-expected quarterly profit and said it is buying 27 new Boeing aircraft to update its fleet for fuel efficiency and cost savings.
Stock index futures rose on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.
Playing in a new venue in Maryland, the president was on hand to see Navy win its 10th straight in the historical series, as the Midshipmen rushed for 296 yards and took advantage of three Army turnovers to win 27-21. But the game was closer than many expected, as Navy had to kick two fourth-quarter field goals to hold off the scrappy Black Knights.
Of the 30 companies analyzed in the report, all of them aside from FedEx didn't pay any federal income taxes from 2008 to 2010.
The United States Postal Service announced steps Monday to eliminate its next-day delivery of First Class mail in an effort to avoid bankruptcy in 2012.
Scotland welcomed two new residents on Sunday: Tian Tian and Yang Guang, the panda bears that may just increase the country's tourism numbers and boost its economy.
In the financial crisis-era, with its constrained public revenue from a smaller U.S. workforce, almost every government agency is forced to belt-tighten -- including the U.S. Postal Service, which will implement historic cutbacks starting in the spring of 2012.
A pair of pampered giant pandas, two of the few remaining specimens of an endangered species, was welcomed to their new homes in Scotland, on Sunday. The plane - Panda Express - carrying the two animals, for whom the Edinburgh Zoo is paying $10 million to Chinese authorities, landed at 9 p.m. Beijing time, at Edinburgh Airport, after taking off from the southwestern Chinese city of Chegndu.
First there was Black Friday, then as e-commerce reached popularity in 2005, Cyber Monday was created. Now there is a new shopping holiday: a grassroots movement known as Small Business Saturday sponsored by American Express to help flailing local merchants and businesses.
U.S. retailers trying to woo shoppers with early deals and longer hours this week, and throughout the holiday season, could be putting their profits at risk as shoppers search for bargains and not much else.
United Parcel Service Inc. (NYSE: UPS) plans to increase 2012 rates by 4.9 percent for ground package shipping, air shipping and, U.S.-origin international shipments, the company announced Friday. New pricing takes effect Jan. 2, 2012.
A Fed Ex employee's husband opened fire at a shipping center Thursday morning, eventually committing suicide.
Hiring for the approaching holiday season in the U.S. is expected to be on par with 2010, in line with an anticipated year-on-year growth decline in seasonal sales, according to the National Retail Federation. Still, seasonal jobs provide an opportunity to secure a permanent position, employers and industry experts say.
United Parcel Service reported a higher quarterly profit as increased pricing, cost cutting and technology improvements helped compensate for domestic shipping volume dulled by a sluggish economy, and it affirmed its outlook for record 2011 results.
FedEx announced on Monday, that it will hire about 20,000 new seasonal workers for the holidays, compared to just 17,000 last year. This increase will surely help some unemployed Americans, at least during the holiday season.
FedEx Corp. expects a 12 percent jump in holiday shipments this year and will add about 20,000 workers to handle the record volume driven by online shopping.
E-commerce will drive record holiday shipments this year for FedEx Corp., the world's No. 2 package delivery company said on Monday.
United Parcel Service Inc and FedEx Corp , which have long been undercut by the U.S. Postal Service's low prices for package delivery, could have much to gain as the agency faces a painful restructuring.
The 2012 PGA Tour schedule has been released and includes 45 official money tournaments, the same number as 2011.
United Parcel Service Inc and FedEx Corp , which have long been undercut by the U.S. Postal Service's low prices for package delivery, could have much to gain as the agency faces a painful restructuring.
