A surge in mortgage refinancing to the highest in three years is good for lenders, consumers and the economy. It’s also good for United Parcel Service Inc., which is carrying refinancing documents throughout the country.
YRC Worldwide Inc., the trucker that stumbled after reaching No. 1 in the U.S. through mergers, said it remains interested in acquiring Arkansas Best Corp. following the rival company’s rejection of an offer to begin talks.
United Parcel Service Inc.’s 5.16 billion-euro ($6.6 billion) purchase of TNT Express NV faces growing investor skepticism as the world’s largest package- delivery company struggles to win European Union approval.
FedEx Corp. projected a 13 percent gain in shipments during the peak season between the U.S. Thanksgiving holiday and Christmas, driven by less-expensive services that are popular with online retailers.