Shipping giant FedEx slashed its third quarter profit forecast by 25 cents, blaming higher fuel prices and disruptions from winter storms in the U.S. and Europe.
FedEx Corp cut its earnings forecast for the current quarter, citing disruption from winter storms in the United States and Europe and higher fuel prices, sending shares lower in post-market trading.
The trial of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with honest services fraud, wire fraud and tax evasion in connection with receiving $2.6 million in kickbacks from a private juvenile jail facility, resumes today and is grabbing national attention as the case highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers.
A group of prominent business executives and national security figures will visit China next month as part of their drive to reduce U.S. dependence on oil.
United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up nearly 3 percent on Tuesday in premarket trading.
United Parcel Service is expected to report a 40 percent increase in quarterly profit on Tuesday as more confident consumers opened their wallets.
FedEx Corp raised its fiscal full-year outlook on record holiday shipments, sending shares higher even as its second-quarter profit missed analyst estimates.
Stocks rose, likely boosted by a drop in jobless claims and an optimistic forecast by FedEx Corp. (NYSE: FDX), ahead of post-closing earnings reports from Research In Motion (Nasdaq: RIMM) and Oracle (Nasdaq: ORCL).
Stocks, bucking a trend of late-day selloffs, ended higher on Thursday as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth.
Stocks, bucking a trend of late-day selloffs, ended higher on Thursday as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth.
U.S. stocks were modestly higher on Thursday after bellwether FedEx offered a bullish forecast, while trade was tight as investors continued to adjust toward year-end.
U.S. stocks advanced in early trade on Thursday, following better-than-expected initial jobless claims and housing starts data.
U.S. stocks rose on Thursday after bellwether FedEx offered a bullish forecast, while investors continued to pour money into shares that have done well this year.
U.S. stocks gained ground on Thursday after bellwether FedEx offered a bullish forecast and as investors poured money into shares that have done well.
The companies which are expected to see active trade in Thursday are Oracle, Accenture, Research In Motion, Danaher, FedEx and General Mills.
Stocks were little changed on Thursday as indexes struggled to break through a technical range and economic bellwether FedEx posted results that missed estimates but offered a bullish forecast.
Wall Street was set to open little changed on Thursday after economic bellwether FedEx reported quarterly results that missed expectations, suggesting an economic recovery remained tentative.
Stock index futures turned flat on Thursday, giving up some gains after economic bellwether FedEx reported quarterly results that missed expectations.
Stock index futures were slightly higher on Thursday as investors awaited data on jobs and housing and corporate earnings from bellwether FedEx for signs of improvement in the economy.
The holiday season means some of the busiest days for companies such as Fedex and UPS.
Al Qaeda's recent Cargo-bomb plots which were foiled by the Saudi intelligence cost them just $4200, according the group's propaganda magazine. The Yemen-based Al-Qaeda in the Arabian Peninsula (AQAP) detailed the plot it called Operation Hemorrhage in its latest edition of the Inspire magazine.
A suspect package believed to be containing components of a bomb found at Windhoek airport on Thursday was only a security test, German officials said on Friday. Interior Minister Thomas de Maiziere stated that suitcase was only designed for security checks and no explosives of threat to passengers were found in the package.
