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,…
Paul Ausick The three major U.S. stock indexes opened lower this morning on the absence of any big macroeconomic data in Asia or Europe. Tensions between China and Japan over a handful of islands…
This is not exactly a packed week for earnings like you would see in earnings season, but we still have many key earnings reports. We have provided previews for the following: Carnival…
George Soros says Germany should back the European Union or leave it. (Reuters) The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase…
The three major U.S. stock indexes opened flat to slightly lower again this morning even though word leaked out of the European Central Bank’s likely bond-buying scheme (our coverage here). Official word…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Activision Blizzard Inc. (NASDAQ: ATVI) started as Buy at Jefferies. Adtran Inc. (NASDAQ:…
Facebook Inc. (NASDAQ: FB) will not sell shares to cover a $2 billion tax bill. (Reuters) Government papers accuse BP PLC (NYSE: BP) of gross negligence in the Deepwater Horizon incident. (Reuters) Nokia…
There are not many companies the results of which are a nearly complete mirror of the global economy. FedEx Corp. (NYSE: FDX) comes close, as it ships tens of millions of packages a…
Douglas A. McIntyre The slowdown in global economic growth is taking a toll on FedEx Corp. (NYSE: FDX) and the company today announced a move to try to cut expenses. The company will offer voluntary…
The U.S. Postal Service is posting a whopping $5.2 billion loss for its June quarter. The losses are widening and its metrics keep getting worse. Concerns are growing as mail volume continues to decline…
