ThinkstockFedEx Corp. (NYSE: FDX) expects to move 19 million packages on Monday, making it the busiest day in the company’s history. Over the course of the peak holiday shopping season — from…
Paul Ausick ThinkstockThe mess that the U.S. Postal Service has become may be beyond solution, if the only rescue rests on borrowing from the Treasury and sharp cutbacks in staff and retiree health care contributions. The…
thinkstockGlobal bank layoffs reach 160,000. (Reuters) Christine Lagarde of the International Monetary Fund says it is essential that the European Union make a deal to rescue Greece. (Reuters) The U.S. Postal Service…
The U.S. Postal Service is supposed to be its own business outside of taxpayers. It even calls itself a self-supporting government enterprise. If it was a true business and not under the government, it…
ThinkstockThe U.S. Postal Service is calling for big gains in holiday shipments this year. You know of course that online shopping is a part of the driving force behind this prediction. This…
FedEx Corp. (NYSE: FDX) is looking for the busiest holiday season yet. In a press release this morning the shipping giant said that Monday, December 10, likely will be its busiest shipping day…
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) reported fiscal third-quarter results after markets closed today. For the quarter, the trucking and transport company posted diluted earnings per share (EPS) of $0.65 on…
Shares of FedEx Corp. (NYSE: FDX) are up more than 4% today after the company said it plans to raise profit by $1.7 billion in the next three years, some of which…
Paul Ausick Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. ARM Holdings PLC (NASDAQ: ARMH) started as Neutral at Credit Suisse. Corporate…
From October through December last year, U.S. retail payrolls added 660,200 workers according to outplacement firm Challenger, Gray & Christmas. That was barely more than the 647,600 seasonal workers added in 2010.…
The $6.8 billion merger between United Parcel Service Inc. (NYSE: UPS) and TNT Express is still expected to be completed by early 2013, despite the announcement today that the CEO of the…
Alibaba buys back half of the stake owned by Yahoo! Inc. (NASDAQ: YHOO) for $7.6 billion, of which $6.3 billion is cash. Yahoo! will return most of the money to shareholders. (Reuters)…
The three major U.S. stock indexes opened lower this morning and have wavered around the break-even line all day. European markets got things off to a slow start with concerns about Spain’s…
In 2010, U.S. firms hired an estimated 627,000 temporary workers to help meet demand for customer service, package handling and warehousing. Of that total, about 495,000 were hired in retail stores. Last…
FedEx Corp. (NYSE: FDX) this morning reported first fiscal quarter earnings per share (EPS) of $1.45 on revenue of $10.79 billion. In the same period a year ago,…
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