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., the world’s largest cargo airline, sees full-year earnings rising as much as 13 percent as it reduces costs and jobs to counter customers’ preference for less expensive international shipping services.
United Parcel Service Inc. agreed to buy TNT Express NV with a sweetened bid of 5.16 billion euros ($6.8 billion), the biggest purchase in the U.S. company’s 105- year history, to challenge Deutsche Post AG in Europe.
FedEx Corp. rose to the highest since 2008 in New York trading as investors focused on strength in shipping demand rather than a reduced earnings forecast the company attributed to winter storms and rising fuel prices.