Mike Glenn News
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FedEx Corp., operator of the world’s largest cargo airline, maintained its full-year profit forecast amid increasing concern that U.S. economic growth may slow.
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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.
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FedEx Corp. curbed its forecast for global economic growth, citing a recession in Europe and rising crude oil prices, as it projected a profit range this quarter whose low end trailed analysts’ estimates.
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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.
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Apple Inc. ’s growing competition from Google Inc. and tablet makers may shield it from possible antitrust concerns over its iPad newspaper subscriptions services, said European Union regulators.
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FedEx Corp. posted quarterly profit that beat analysts’ estimates as U.S. consumers bolstered by a better labor market increased holiday orders from online retailers.
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Fewer Americans than forecast sought jobless benefits and consumer confidence climbed, giving the world’s largest economy a boost heading into 2012.
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FedEx Corp. predicted a fiscal 2012 profit that may exceed analysts’ estimates as a strengthening economic recovery buoys demand for international air-cargo shipments and jet-fuel costs ease.
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Paychex Inc. and FedEx Corp. may provide an early read on how the economic expansion is faring when they release quarterly results later this month.
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