Selling Saab, Partially; Loans Outlook from Wells Fargo; McD's Nov Sales Slip
FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America, and its shares rose more than 3 percent.
FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America, and its shares rose more than 3 percent.
FedEx Corp shares, which have more than doubled since a low in March, may climb further given the delivery company's growing exposure to overseas markets such as China, Barron's reported on Sunday.
Deutsche Post DHL raised its 2009 outlook when posting third-quarter earnings that beat forecasts, saying on Thursday cost cuts were helping offset stubbornly weak volumes.
Key business leaders expect slow and steady U.S. economic growth but say longer term recovery depends on reforming health care and tax policy, and improving access to credit for small business.
Unemployment in this small U.S. town has quadrupled in the past 16 months, but worse is to come as thousands of unemployed workers run out of severance money and benefits.
A team including AMR Corp , Delta Air Lines Inc , Northwest Airlines Inc and US Airways Group Inc has won a U.S. Transportation Command contract worth up to an estimated $1.58 billion for international airlift services, the Pentagon said Thursday.
FedEx Corp reported a 53 percent drop in quarterly profit on Thursday as the worldwide economic downturn continued to weigh on shipping volumes.
U.S. stocks were little changed on Thursday after results from FedEx Corp tumbled and several economic reports pointed to a fragile recovery.
Package delivery giant and U.S. economic bellwether FedEx Corp reported a 53 percent drop in quarterly profit on Thursday as the worldwide economic downturn continued to weigh on shipping volumes.
U.S. stocks rose slightly in volatile trade on Thursday as positive economic data outweighed a report from FedEx Corp that the global downturn continued to hurt its shipping business.
Package delivery giant and U.S. economic bellwether FedEx Corp reported better- than-expected quarterly earnings on Thursday, helped by a pickup in international freight volumes and cost controls.
Wall Street opened flat on Thursday after FedEx Corp reported in-line quarterly profits and even as the latest labor and housing data indicated an economic recovery was gaining steam.
U.S. stock index futures pointed to a flat to lower open on Thursday as FedEx Corp reported in-line quarterly profits and even as the latest labor and housing data indicated an economic recovery was gaining steam.
U.S. stock index futures were flat on Thursday, threatening a fourth straight positive session, as FedEx Corp reported in-line quarterly profits and investors awaited key data on the labor and housing markets.
Sentiment Rises Again; FedEx Jumps; Microsoft Off the Hook?
FedEx Corp said profits in both the current and next quarters would be higher than Wall Street expected, citing an improving economy and stable fuel prices, and its shares jumped 6.8 percent to their best level in nearly a year.
FedEx Corp said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4 percent to their best level in nearly a year.
FedEx Corp said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4 percent to their best level in nearly a year.
FedEx Corp said profits in both the current and subsequent quarters would be higher than it had earlier expected, citing an improving economy and fuel prices, and its shares jumped 4.5 percent in premarket trading.
The International Brotherhood of Teamsters union urged shareholders of FedEx Corp on Monday to back its effort to separate the positions of chairman and chief executive at the U.S. package delivery giant.
