FedEx

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Killer Companies Started By College Kids

Time, Reddit, and other smart ideas

(Newser) - Turns out you don't have to suffer through a 6-hour graduation ceremony before you can make a splash in the business world. The Huffington Post lists 10 really impressive companies started in college:
  1. Time magazine: Yale seniors Henry Luce and Briton Hadden dreamed up the idea of a newsweekly, and
...

Dow Dips 2 Points
 Dow Dips 2 Points 
MARKETS
Sep 17, 2009 3:20 PM CDT

Dow Dips 2 Points

Housing starts rise, but come in below expectations

(Newser) - Stocks posted small losses today as the modest rally of the last two weeks ran out of steam, the Wall Street Journal reports. Housing starts for August rose 1.5%, less than expected. FedEx shares dropped after the company reported a 53% drop in quarterly profit. The Dow fell 2...

Dow Down 22; Stocks Gain for Week
 Dow Down 22; 
 Stocks Gain for Week 
MARKETS
Sep 11, 2009 3:25 PM CDT

Dow Down 22; Stocks Gain for Week

Crude oil tumbles $2.65

(Newser) - Stocks pulled back today after hitting their 2009 peaks in yesterday's session, the Wall Street Journal reports. Despite modest declines, transportation stocks—considered the first to benefit in a recovery—remained strong, with FedEx up 6.43%. Crude tumbled $2.65 to $69.20 a barrel. The Dow lost 22....

Conservative Group Tried to Sell its Support for $2M

Offered to launch campaign backing FedEx in legislative battle

(Newser) - A major conservative group offered its backing to FedEx on a bill before the Senate—for a price tag of at least $2 million, Politico reports—and then, when FedEx didn't take the bait, switched sides. A letter to FedEx shows the American Conservative Union proffered services like writing op-eds...

Ad Exec Scores as UPS 'Whiteboard Guy'

Whiteboard guy prompts FedEx parody

(Newser) - He’s an ad exec by trade, but Andy Azula displays his acting chops—not to mention his drawing skills—in UPS commercials so popular a rival is spoofing them. In the ads, the long-haired Azula diagrams UPS service on a whiteboard. FedEx recently launched a website that features a...

Tokyo Accident Latest for Much-Derided Plane

(Newser) - A notoriously finicky airplane may have contributed to the Tokyo crash that killed two American FedEx pilots today, the Wall Street Journal reports. The McDonnell Douglas MD-11 is believed to handle poorly in high winds, which were reported at the time of the crash. Though problems with the flight-control systems...

2 Die in FedEx Plane Crash in Japan

Plane landed on its wing and exploded

(Newser) - A FedEx plane crashed at Tokyo's main international airport Monday, killing both pilots aboard. Caught in a gust of wind, the cargo plane landed on its left wing and skidded off the runway in a ball of fire, Reuters reports. Airlines have been rerouting passengers as firefighters clear the scattered...

FedEx Earnings Dive 75%
 FedEx Earnings Dive 75% 
Earnings
Mar 19, 2009 7:52 AM CDT

FedEx Earnings Dive 75%

(Newser) - FedEx net income plunged 75% in the third quarter, the company announced today, a bad sign for economists who consider the shipping giant a bellwether. FedEx also announced plans to cut $1 billion in costs, though it didn’t detail how many job cuts that might entail. The company has...

Firms Choose Pay Cuts Over Layoffs
Firms Choose
Pay Cuts
Over Layoffs
Jan 15, 2009 10:03 AM CST

Firms Choose Pay Cuts Over Layoffs

Some deem sharing the pain preferable to axing workers

(Newser) - Employers increasingly are opting to cut salaries rather than staff as they tighten budgets, a plan that helps keep them ready to respond to an economic rebound but could hurt morale, reports the Los Angeles Times. Companies also are looking to trim operating costs by eliminating bonuses, requiring employees to...

More Companies Should Cut Wages, Not Jobs
More Companies Should
Cut Wages, Not Jobs
OPINION
Dec 19, 2008 11:37 AM CST

More Companies Should Cut Wages, Not Jobs

In a move that may be mimicked, FedEx moves to help workers, shareholders

(Newser) - It was FedEx's turn yesterday to play Scrooge, announcing cutbacks in the face of recession, but the company's strategy—cutting wages for senior execs and other salaried employees, rather than cutting jobs—maybe prove to be the smart alternative, and a harbinger of things to come, Peter Eavis writes in...

Stocks Up on Mixed Job Data
 Stocks Up on Mixed Job Data 
MARKET Open
Dec 18, 2008 8:46 AM CST

Stocks Up on Mixed Job Data

But FedEx is cutting payroll...

(Newser) - There was good news and bad news on the job front today. Good news: Initial claims for unemployment dropped more than expected last week. Bad news: They’re still near a 26-year high, and FedEx announced that it’s cutting salaries by 5%. But the good outweighed the bad for...

Slowdown Stalls Nation's Freight Carriers

Haulers are hunkering down for a 'nuclear winter' in 2009

(Newser) - With freight carriers predicting 2009 could be the worst year in three decades, some haulers  say they’re “settling in for nuclear winter,” holding off on making capital expenditures, mothballing equipment and laying off employees, reports the Wall Street Journal. From truckers to railroads to ocean shipping, companies...

Stocks Saunter Downward
 Stocks Saunter Downward 
MARKET Open
Dec 9, 2008 8:59 AM CST

Stocks Saunter Downward

Mild drop as investors hold breath

(Newser) - Stocks dipped at the open today, as investors digested downbeat corporate news while awaiting an auto bailout. The Dow fell as much as 145; the Nasdaq and S&P were off 1.3% and 1.4%, respectively. Auto shares retreated after yesterday’s gains, the Wall Street Journal reports, with...

Ad Vets Sit Out Super Bowl in Tough Year

Amid layoffs, some worry pricey publicity could backfire

(Newser) - The recession has loyal Super Bowl advertisers hesitating to buy spots, worried the $6 million-a-minute publicity could backfire. FedEx is concerned it looks “wrong” to drop the dollars while “asking employees to do more with less,” the Wall Street Journal reports. NBC sold most ad spots by...

UPS, FedEx Jump to Fill DHL's Holes

Big Brown targets customers with ad buy, in talks to add DHL load

(Newser) - After DHL announced yesterday it was vacating the US express-mail market, UPS and FedEx ratcheted up efforts to snare as many of the Belgium-based company’s customers as possible, the Atlanta Journal-Constitution reports. DHL handles 1.1 million shipments per day, 5% of the express and ground market in which...

DHL Will Cut 9,500 Jobs, Stop Domestic US Service

German firm shutters DHL Express service centers as its competition gets the better

(Newser) - Deutsche Post will close all of its DHL Express service centers, cut 9,500 jobs in the US, and eliminate US-only domestic shipping by land and air, the company said today, citing heavy losses and fierce competition with UPS and FedEx. The company said the new round of cuts are...

UPS Denies Big Plans for Europe Expansion

Delivery giant eyeing China, not Dutch company, exec says

(Newser) - For the second time this summer, rumors that Dutch package-delivery company TNT NV was in talks with a potential US buyer—this time UPS for $15 billion—pumped up the company’s share price, reports Bloomberg. But the rally faltered as a UPS exec shot down the reports, asking Reuters,...

Oil, Earnings Woes Key Retreat
 Oil, Earnings Woes Key Retreat 
MARKETS
Jun 18, 2008 3:34 PM CDT

Oil, Earnings Woes Key Retreat

Familiar factors push markets down

(Newser) - The markets retreated today, battered by the familiar convergence of high oil prices and poor business performance, MarketWatch reports. Amid signs of broader malaise, financials dropped, and crude again topped $135 per barrel. The Dow fell 131.24 to close at 12,029.06. The Nasdaq lost 28.02 to...

FedEx Reports $241M Loss on Fuel Costs, Soft Economy

Spike in costs offset 8% rise in revenue as company revises guidance down for year

(Newser) - Surging fuel costs, softening demand, and retail operation charges—including the cost of renaming its FedEx Kinko’s stores FedEx Office—sent FedEx Corp. to a fourth-quarter loss of $241 million, or 78 cents a share, compared to profits of $610 million or $1.96 a year ago, reports the...

FedEx Chief: Exports Will Stave Off Recession

CEO says increased globalization in high-tech a boon to struggling economy

(Newser) - Strength in high-tech US manufacturing and the globalization of the market has helped the US avoid a recession, with its exports being driven by a weak dollar, FedEx CEO Fred Smith told the Financial Times today. And, he said, as emerging economies continue to grow, so will US exports, even...

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