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.
The U.S. Postal Service, the nation's second-largest employer, offered buyouts on Tuesday to quickly slash up to 30,000 jobs as it grapples with declining mail volume and embraces more automation.
FedEx Corp., which in June reported a net loss of $876 million for its latest quarter, said on Thursday that it will keeps its first fiscal quarterly cash dividend steady at 11 cents per share.
Actor Michael Douglas said on Wednesday that he and his family were
United Parcel Service Inc , the world's largest package delivery company, reported an in-line quarterly profit on Thursday and gave a weak outlook for the current quarter, but said its domestic and global businesses appeared to be stabilizing.
Fireworks planned nationwide on July 4 but recession hits some cities; Patriotism, tax protest to mix at July 4 TEA Parties; Most Post Offices to close early July 3; some FedEx, UPS services available
As the July 4 weekend approaches, the U.S. Postal service is informing its customers that most post offices will close at 12 noon on Friday, July 3, with no regular service on Saturday.
Stocks fell on Tuesday as Boeing again delayed the first test flight of its Dreamliner aircraft and housing data pointed to a sluggish economic recovery.
FedEx Corp., the global shipping service provider, said Tuesday it expects the operating environment in the next two quarters to be “extremely difficult,” expecting manufacturing to be negative through the summer and higher fuel prices to have a significant impact.
U.S. stocks were mixed on Wednesday, weighted by a downgrade of 18 banks by Standard and Poor's and a disappointing earnings outlook from economic bellwether FedEx Corp .
Package delivery giant and U.S. economic bellwether FedEx Corp said the next two quarters will be extremely difficult as the recession and higher fuel prices bite into its bottom line, but said the pace of economic decline appears to be slowing.
Stocks were mixed on Wednesday, weighted by a downgrade of 22 banks by Standard and Poor's and a disappointing earnings outlook from economic bellwether FedEx Corp .
Stocks slipped on Wednesday, weighted by a downgrade of 22 banks by Standard and Poor's and a disappointing earnings outlook from economic bellwether FedEx Corp .
FedEx Corp reported a larger quarterly loss on Wednesday and gave an outlook well below Wall Street estimates for the current period, citing the recession's impact on package volumes and rising fuel costs that will hit its bottom line.
Stocks slipped to session lows mid-morning on Wednesday, weighed down by bank shares after Standard and Poor's cut ratings and outlooks on 22 U.S. banks and after a disappointing earnings forecast from bellwether FedEx Corp .
FedEx Corp on Wednesday reported a larger fourth-quarter loss, due to charges at two units that have been hit by the recession, but gave a low outlook for the current quarter, citing the continued downturn and rising fuel prices.
