Since founder Jim Casey left United Parcel Service Inc. after more than five decades in charge, the company’s chief executive officers have served for an average of 5 1/2 years. Scott Davis reaches that milestone in June.
U.S. stocks rose, snapping a three- day decline in the Standard & Poor’s 500 Index, as the Federal Reserve will keep up its bond buying to stimulate the economy and euro-area leaders weighed options for Cyprus.
President Barack Obama has conferred with more than a dozen oil, natural gas and clean-energy executives, as well as academic advisers, at the White House in advance of an energy-policy speech in Illinois next week, spokesman Josh Earnest said.
Fred Smith has taken FedEx Corp. from an idea in a college essay to the world’s biggest cargo airline over the past four decades. Now the company has to figure out how to plan for the founder’s eventual departure.
FedEx Corp. Chief Executive Officer Fred Smith is misleading the public on air-safety legislation and “bought his way” to be covered by a 1996 labor law that helped his company, a House committee chairman said.