Earns FedEx

2010-03-18T07:31:03Z

In this photo made Jan. 25, 2010, a Fed Ex truck drives along the highway near Mansfield, Ohio. FedEx, the world's second-largest package delivery company, on Thursday, March 18 said its fiscal third-quarter profit more than doubled from a year earlier. (AP Photo/Amy Sancetta)

Dow gains for 8th straight day; Palm sinks late

2010-03-18T15:15:42Z

<div><p>NEW YORK (Reuters) - The Dow industrials rose for an eighth consecutive session on Thursday, lifted by a rise in Boeing's stock, while a mixed group of economic figures kept the broader S&P 500 in check.</p><p>The Dow's gains came even though mor...

FedEx sees economic recovery spreading

2010-03-18T13:15:38Z

<div id="subtitle">FedEx fiscal 3rd-qtr profit more than doubles, sees economic recovery continuing</div><div><p>FedEx says the global economic recovery is broadening, as the U.S. economy gains steam and Asia continues to show strong growth.</p><p>For the U.S., FedEx confirmed wh...

FedEx profit more than doubles, tops expectations

2010-03-18T11:01:27Z

<div><p>NEW YORK (Reuters) - FedEx Corp <FDX.N> raised its fiscal-year outlook on Thursday after quarterly profit more than doubled, with strong Asian export volumes more than compensating for flat U.S. demand.</p><p>Although the pa...

Earnings schedule for week of 03/15/10

2010-03-12T11:45:22Z

<div id="subtitle">Major companies tentatively scheduled to report quarterly results during week of 03/15/10</div><div><p>Major companies tentatively scheduled to report quarterly earnings next week:</p><p>Monday</p><p>No major releases.</p><p>Tuesday</p><p>NEW YORK — Discover Financial Services releases quarterly financial results....

Deutsche Post 2010 outlook misses estimates

2010-03-09T03:30:06Z

<div><p>FRANKFURT (Reuters) - Deutsche Post DHL <DPWGn.DE> unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.</p><p>The move, announced by new

FedEx woos small biz with Internet parodies

2010-02-23T11:17:22Z

<div><p>NEW YORK (Reuters) - FedEx Corp is famous for memorable television commercials, but like many big companies, it is following customers as they navigate from the television to the computer and in turn, shipping much of its marketing to the Web.</p><p>One of the package delivery giant's biggest Web campaigns, running...

Stocks edge up but rate worries linger

2010-02-22T09:19:32Z

<div><p>NEW YORK (Reuters) - U.S. stocks rose on Friday as investors took the Federal Reserve's discount rate increase as evidence the financial system is healing but worried the eventual withdrawal of easy money will hurt Wal...

FedEx declares regular dividend of 11 cents

2010-02-22T09:18:25Z

<div id="subtitle">Package delivery company FedEx declares regular quarterly dividend of 11 cents</div><div><p>FedEx Corp. declared a regular quarterly dividend of 11 cents.</p><p>The world's second-largest package delivery company said late Monday that it will pay the dividend on April 1 to shareholders of record March 11.&...

UPS contacted by EU in price-fixing investigation

2010-02-22T10:20:13Z

<div><p>NEW YORK (Reuters) - United Parcel Service Inc &lt;UPS.N&gt;, the world's largest package-delivery service, said on Wednesday it has been contacted by the European Commission, which is probing price fixing ...

Earnings Preview: UPS seen posting 4Q profit

2010-02-22T13:30:52Z

<div id="subtitle">UPS expected to post adjusted fourth-quarter profit on lower revenue</div><div><p>UPS Inc., the world's largest shipping carrier, reports fourth-quarter and full-year 2009 results on Tuesday. The following is a summary of key developments and analyst opinion related to the period.</p><p>OVERVIEW: UPS, based in Atlanta, is expected to post an adjuste...

DHL to donate Ohio airport for redevelopment

2010-02-22T18:02:08Z

<div id="subtitle">Package shipper DHL to donate Ohio airport to region for redevelopment</div><div><p>Public officials say an agreement by package delivery company DHL Express to donate its abandoned airport in southwest Ohio to the region will boost efforts to attract new companies and jobs.</p><p&gt...

UPS cutting 1,800 jobs in US, raising outlook

2010-02-22T23:34:28Z

<div id="subtitle">UPS to cut 1,800 jobs in US segment realignment; raises 4th-qtr profit outlook</div><div><p>Shipping giant UPS Inc. will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, as it repositions itself for a gradual economic recovery with improved technology and fewer employees.&...

UPS cuts 1,800 jobs, raises outlook

2010-02-22T23:34:30Z

<div><p>NEW YORK (Reuters) - United Parcel Service Inc &lt;UPS.N&gt; raised its fourth-quarter profit forecast on Friday but said it was cutting another 1,800 management and administrative jobs.</p><p>UPS shares rose as much as 6.5 perc...

Weekend snowstorm cuts U.S. holiday sales upside

2010-02-23T12:57:56Z

<div><p>NEW YORK (Reuters) - The heavy snowstorm that swept the East Coast of the United States over the weekend may have cost retailers the potential for any upside to holiday sales, industry experts said on Monday.</p><p>The storm forced store closures for several hours on Saturday and kept shoppers at home in major ...

Shipping giants rush to deliver holiday packages

2010-02-23T13:14:58Z

<div id="subtitle">Tis the Season: UPS and FedEx play Santa in rush to get holiday packages under the tree</div><div><p>Mellany Sorrell's face glistened with sweat as she lifted packages and seemed in constant motion during the holiday rush at the epicenter of UPS' global air shipping network.</p><p>The 29-year-old methodically ...

Citigroup, Rite Aid, FedEx are big movers

2010-02-23T15:36:18Z

<div id="subtitle">Citigroup, Rite Aid, FedEx, A123 Systems are among big market movers Thursday</div><div><p>The following stocks were among those that moved s...

FedEx forecast disappoints, shares close down

2010-02-23T14:31:44Z

<div><p>NEW YORK (Reuters) - FedEx Corp &lt;FDX.N&gt; forecast on Thursday profit for the current quarter below analysts' expectations, raising concerns that the U.S. economy was not recovering as fast as had been expected, an...

FedEx sees stumbling blocks before recovery

2010-02-23T14:47:23Z

<div id="subtitle">FedEx sees light of economic recovery ahead, but stumbling blocks expected in early 2010</div><div><p>FedEx says the economy has "reached a turning point," but a full recovery could still be a long way off.</p><p>The world's second-largest package delivery company issued a tepid outlook for the quarter that en...

FedEx beats earnings, but forward guidance leaves investors unimpressed (FDX)

2010-02-23T14:25:24Z

FedEx (FDX) shares are off 5.5% this morning. &nbsp;They beat earnings guidance for the second quarter of their fiscal year, but their outlook is "muddled" to say the least.

While leaving full year guidance intact (or even with some upside) of 3.45-3.75 per share, they're&nbsp;guiding&nbsp;Q3 to 60cents, well below the street estimate at 84cents. &nbsp; That means t...

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