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October 11, 2008 12:27:04 AM CDT

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Stories related to: FedEx

Stories

9 Stories

  • August 2008

    • UPS Denies Big Plans for Europe Expansion

      Bloomberg  |  Aug 11, 08 11:02 AM CDT

      UPS Denies Big Plans for Europe Expansion

      (Newser) - For the second time this summer, rumors that Dutch package-delivery company TNT NV was in talks with a potential US buyer—this time UPS for $15 billion—pumped up the company’s share price, reports Bloomberg. But the rally faltered as a UPS exec shot down the reports, asking Reuters, "That rumor again?" More »

  • June 2008

    • Oil, Earnings Woes Key Retreat

      MarketWatch  |  Jun 18, 08 3:34 PM CDT

      Oil, Earnings Woes Key Retreat

      (Newser) - The markets retreated today, battered by the familiar convergence of high oil prices and poor business performance, MarketWatch reports. Amid signs of broader malaise, financials dropped, and crude again topped $135 per barrel. The Dow fell 131.24 to close at 12,029.06. The Nasdaq lost 28.02 to 2,429.71, and the S&P 500 lost 13.12, settling at 1,337.81. More »

      Tags

      Dow Jones  • S&P 500  • Nasdaq  • Lehman Brothers  • Morgan Stanley  • energy prices  • FedEx  • Fifth Third

    • FedEx Reports $241M Loss on Fuel Costs, Soft Economy

      Wall Street Journal  |  Jun 18, 08 8:32 AM CDT

      FedEx Reports $241M Loss on Fuel Costs, Soft Economy

      (Newser) - Surging fuel costs, softening demand, and retail operation charges—including the cost of renaming its FedEx Kinko’s stores FedEx Office—sent FedEx Corp. to a fourth-quarter loss of $241 million, or 78 cents a share, compared to profits of $610 million or $1.96 a year ago, reports the Wall Street Journal. Revenue rose 8%. Earnings were below analysts' estimates, and the company predicted a "very difficult'' environment well into next year. More »

  • May 2008

    • FedEx Chief: Exports Will Stave Off Recession

      Financial Times (UK)  |  May 19, 08 10:25 AM CDT

      FedEx Chief: Exports Will Stave Off Recession

      (Newser) - Strength in high-tech US manufacturing and the globalization of the market has helped the US avoid a recession, with its exports being driven by a weak dollar, FedEx CEO Fred Smith told the Financial Times today. And, he said, as emerging economies continue to grow, so will US exports, even if the dollar rebounds. More »

      Tags

      recession  • weak dollar  • US exports  • FedEx  • Fred Smith

  • April 2008

    • Good Job, Bad Job

      New York Times  |  Apr 21, 08 1:33 PM CDT

      Good Job, Bad Job

      (Newser) - There's a stark divide between good and bad employers in America today, and you don't want to be on the wrong side of it. In a New York Times excerpt from his new book, Steven Greenhouse compares FedEx and Patagonia. FedEx forces workers who deliver packages to be "independent contractors"—to avoid paying benefits—and to buy and insure their own trucks, but fires them if they request time off to be treated for cancer. More »

      Tags

      work  • job  • FedEx  • Patagonia

  • March 2008
  • November 2007

    • Dow Up After Roller-Coaster Day

      MarketWatch  |  Nov 16, 07 3:44 PM CST

      Dow Up After Roller-Coaster Day

      (Newser) - The major indexes closed up today after erratic trading as bad news on industrial production and new negative forecasts failed to halt an end-of-week rally. The Dow gained 66.74 to 13,176.79, the Nasdaq climbed 18.73 to 2,637.24, and the S&P 500 closed at 1,458.74, up 7.59. More »

      Tags

      Dow Jones  • Federal Reserve  • S&P 500  • Nasdaq  • Merrill Lynch  • Starbucks  • John Thain  • FedEx

    • Hybrid Trucks Get Stuck in Neutral

      Reuters  |  Nov 12, 07 4:50 PM CST

      Hybrid Trucks Get Stuck in Neutral

      (Newser) - Hybrid truck sales are sputtering because the technology is too expensive, and companies ordering vehicle fleets won’t pay extra for environmental benefits alone. But without bulk orders, economies of scale aren’t kicking in. One truck company president says government tax breaks or subsidies are needed to boost hybrid sales, Reuters reports. More »

      Tags

      environment  • auto industry  • hybrid car  • trucks  • FedEx

  • September 2007

    • Stocks Dip After Two-Day Spike

      Wall Street Journal  |  Sep 20, 07 3:34 PM CDT

      Stocks Dip After Two-Day Spike

      (Newser) - Stocks fell today after two days of bullish investing set off by the Fed’s interest rate cuts; one trader told the Journal profit-taking would have taken its toll "even if there was no news whatsoever.” But there was news: FedEx cut its profit forecast; the dollar continued to hit new lows and the price of oil new highs. The Dow dropped 48.86 to 13,766.7, while the Nasdaq fell 12.19 to 2,654.29 and the S&P slipped 10.28 to 1,518.75.  More »

      Tags

      Dow Jones  • Federal Reserve  • S&P 500  • Nasdaq  • oil  • Goldman Sachs  • FedEx

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