President Barack Obama urged Congress to back two of the top priorities of U.S. multinational corporations: broader authority for his administration to negotiate trade deals along with changes to immigration laws.
FedEx Corp. sold $2 billion of bonds today to speed up stock buybacks, following through on plans for a record repurchase program announced last year at the operator of the world’s largest cargo airline.
Investor Dan Loeb’s decision to take a stake in FedEx Corp. is poised to heighten scrutiny of the role played by Fred Smith, who has run the airfreight company since its founding more than 40 years ago.
Daniel Loeb, the activist investor who has pushed for change at companies including Sony Corp., said his Third Point LLC has taken a stake in FedEx Corp., operator of the world’s largest cargo airline.
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.
Business Roundtable lobbyists wanted 2013 to be the year lawmakers, free of immediate election pressures, would revamp U.S. immigration policy, pass a debt- lowering budget and expedite a pair of trade deals.