FedEx Buybacks Lift Earnings
FedEx reported better-than-expected fourth-quarter and full-year fiscal 2014 results before markets opened Wednesday morning. The package FedEx delivered today is shiny, but what's inside could be very different.
All Work
Paul Ausick
Mortgage Interest Rates Rising Again
Mortgage loan rates rose across the board again last week, contributing to the downturn in mortgage applications. Borrowers remain sensitive are to even small changes in mortgage interest rates.
The 4 Stocks That Dominated the Market
thinkstockJune 17, 2014: Markets opened lower on Tuesday after a weakish report on single-family housing starts and a bigger increase in the consumer price index than economists had been expecting. Shortly before the closing…
AT&T Exclusive Carrier for Amazon Phone
Wednesday's expected announcement of a new smartphone from Amazon.com is also reported to reveal that the online retailer has signed a deal with AT&T as the exclusive carrier for the phone.
YouTube Music Service Riles Artists
It is a little difficult to see the logic behind a decision by independent recording labels to refuse to sign a new licensing agreement with YouTube's yet-to-be launched music subscription service.
Why UPS Shipping Costs Could Further Pressure Amazon
Just over a month ago FedEx announced that it was introducing "dimesional weight pricing" for packages, and United Parcel Service said Tuesday morning that it would shift to dimensional weight pricing beginning on December…
SolarCity Bets on Huge Solar Demand Growth With Acquisition of Silevo
In a Tuesday morning announcement on the company's official blog, SolarCity said it has signed an agreement to acquire solar module maker Silevo for an undisclosed sum.
Annual New Housing Starts Drop to a Million in May
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in May slipped to a seasonally adjusted annual rate of 1.00 million, a decrease of…
Why a Boeing 787-9 Dreamliner Costs $250 Million
It took Boeing nearly eight years to get its 787 Dreamliner off the drawing board and into service with the world's airlines. The total cost for development and manufacturing has been estimated at $32…
GM Adds 3.2 Million Cars to Recall Total
General Motors said late Monday that it will recall about 3.2 million vehicles to rework or replace the ignition keys. This is similar to but not the same as the earlier defective ignition switch…
The 4 Stocks That Lifted the Market
thinkstockJune 16, 2014: Markets opened lower on Monday but quickly bounced to positive territory. The IMF cut its forecast for U.S. GDP growth this year and investors will be cautious for the next couple…
What You Should Like in the Williams Merger Transformation
ThinkstockMonday has been a busy day for The Williams Companies Inc. (NYSE: WMB). The firm announced this morning that it will pay $6 billion for the portion of Access Midstream Partners LP that it…
Judge Favors Macy’s Over J.C. Penney in Martha Stewart Conflict
J.C. Penney Co. Inc.A New York state judge ruled Monday that J.C. Penney Co. Inc. (NYSE: JCP) and its former CEO Ron Johnson interfered in an agreement between Macy’s Inc. (NYSE: M) and Martha…
Eight Largest Cities Without Walmart
Walmart has stores in all 50 states, but it does not have stores in some of the country’s largest cities, including New York City, San Francisco, Detroit, Seattle and Boston.
Boeing 787 Dreamliner Certified for U.S. and European Service
Boeing announced on Monday that the company's 787-9 Dreamliner has been certified by the U.S. Federal Aviation Administration and the European Aviation Safety Agency to commence commercial service.
IMF Slashes U.S. Growth Estimates
By International Monetary Fund , via Wikimedia CommonsThe International Monetary Fund (IMF) cut its GDP growth forecast for the U.S. economy from 2.8% to 2.0%. The IMF also forecast that the United States would…
Home Builder Confidence at Six-Month High
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index for June rose four points to 49 from a reading of 45 in May. The reading was higher than a consensus forecast of…
Level 3-TW Merger, Poison Pill in Reality
Global Internet provider Level 3 Communications announced Monday morning that it has entered a definitive agreement to acquire TW Telecom for $40.86 per share in cash and stock.
Williams Makes Transformative $6 Billion Acquisition
In an announcement on Sunday, Williams Companies said that it has agreed to acquire the 50% general partner interest, along with 55.1 million limited partner units, in Access Midstream Partners from Global Infrastructure Partners…
Medtronic and Covidien Deal Is All About Taxes and Dividends
The $42.9 billion merger between medical device makers Medtronic and Covidien was officially confirmed early Monday morning. The deal is a so-called tax inversion.