BUSINESS

A person walks by a FedEx van in Manhattan, New York City, U.S., May 9, 2022.

New FedEx CEO Charts Growth Plan As Challenges Mount

FedEx Corp's new chief executive on Wednesday announced plans to boost future earnings by focusing on more profitable deliveries, but shares backtracked as the company's forecast for its growth-driving e-commerce delivery unit remained stuck below pre-pandemic levels.

As FedEx Eyes Double-digit Growth, Key Target Lags

A person walks by a FedEx van in Manhattan, New York City, U.S., May 9, 2022.
Global delivery company FedEx Corp laid out a strategy to bolster growth by focusing on high-value customers during its investor meeting on Wednesday, but shares backtracked after it forecast margins for its growth-driving Ground unit below pre-pandemic levels.
A person walks by a FedEx van in Manhattan, New York City, U.S., May 9, 2022.

FedEx's New CEO To Chart Growth Plan As Challenges Mount

FedEx Corp's new chief executive on Wednesday will lay out long-term growth plans for the global shipping firm that is grappling with cooling economies, rampant inflation and pressure from both an activist investor and unhappy delivery contractors.
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The Sony logo is seen on a building in the Manhattan borough of New York City, New York, U.S., January 16, 2019.

Sony Accelerates PC Gaming Push With Inzone Gear

Sony Group Corp said on Wednesday it's launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience.
The edge of Glencore's Mount Owen coal mine and adjacent rehabilitated land are pictured in Ravensworth, Australia, June 21, 2022. Picture taken June 21, 2022. Picture taken with a drone.

At Australia Mine, Glencore Balances Reforestation Drive, Coal Profit

At Glencore's aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields, aiming to burnish the company's environmental credentials with climate activists and shareholders who want it to back away from coal.

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