Amazon's holidays are off to a great start, but with its stock trading north of 100 times earnings, AMZN shares could be the one thing you don't want to buy from the online retailer. Instead, consider these companies that are riding on the coattails of the online shopping boom.
The all-important January employment reports come out this week. Also worth watching for are a host of earnings releases, led by economic bellwhether UPS. The package deliverer is expected to post strong results.
The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.
The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy Wednesday. Several business leaders said they left with a sense of improved collaboration. But what will the talks actually accomplish?
As UPS gears up for its busiest time of year by hiring about 50,000 temporary workers, the world's largest package-delivery service said it expects to ship about 7.5% more packages this holiday season than it did a year ago.
UPS, the world's biggest shipping company, said fourth-quarter net income nearly tripled from a year ago, as brisk holiday business and lower costs more than offset a decline in revenue. The company also affirmed its 2010 outlook.
