federal express

HP Close to Appointing New CEO

Hewlett-Packard will probably have a new CEO in under a week. The candidate will likely come from inside the company, which would almost certainly allow the board of directors to speed through the process.

Can a Quadruple Witching Day Enchant Stocks?

Trading volume last week was anemic, but things could get moving again this week. In addition to some big-name earnings reports, this Friday is a "Quadruple Witching Day," and the market has a history of putting up weekly gains when they end with Witching days on Friday.

Legal Briefing: Insider Trading in Potash Bid?

When BHP Billiton made its offer to acquire Potash Corp., two residents of Madrid, Spain, made $1.1 million by buying out-of-the-money call options ahead of the announcement, the Securities and Exchange Commission claims. The SEC is suing the investors, and has frozen $1.1 million of their assets.

46 Cent Stamp? U.S. Postal Service Asks for Increase

The USPS has proposed a two-cent increase in the cost of first-class postage, which would push the stamp to 46 cents. If approved, the hike would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.

Post Office to Announce Rate Increases as Losses Mount

The post office will today announce new mail rates in a bid to generate more revenue after posting a massive loss in 2009. Rates for first-class and other types of mail will rise, The Associated Press reported. The rate increases are subject to review by the independent Postal Regulatory Commission.

FedEx Joins a Growing List of Disappointments

Wall Street analysts still predict a record $97 in profits for the S&P 500 next year despite a lackluster economy. Expectations of massive corporate profits have propped up the stock market. That could change quickly.

FedEx Delivers on Earnings, but Shares Fall

FedEx (FDX) earnings beat Wall Street's expectations by a penny a share as the world's second largest shipping company after UPS (UPS) enjoyed brisker business on the back of global economic recovery, but a tepid outlook hurt the stock. Market watchers key in on FedEx and UPS earnings because their worldwide shipping networks make them especially attuned to global demand.

Overnight Delivery to Europe? Not While the Volcano Is Spewing

International shipping companies are scrambling to keep their operations moving, even as volcanic ash from Iceland closes down air traffic across much of Europe. Time-sensitive documents make up a large part of international air shipments. Promises of overnight deliveries are on hold.

FedEx Tops Quarterly Earnings Expectations

With performance driven by an "improving global economy" and the "outstanding execution" of the company's business strategy, FedEx posted third-quarter results that easily beat Wall Street's expectations. The shipping company's fortunes are considered a barometer for the U.S. economy.

FedEx Results Could Signal Economic Recovery

FedEx is expected to easily top estimates Thursday morning as it announces its third quarter results. If FedEx serves as a U.S. economic indicator, as many on wall Street believe, the company's results could signal the beginning of an economic turnaround.

Losing Money Isn't the Postal Service's Only Problem

Faced with an estimated $7 billion shortfall in 2010, the United States Postal Service is contemplating radical cuts that would eliminate Saturday mail delivery and raise the cost of postage. But to really turn the USPS's problems around, it will either need to be directly funded by the government or it needs the freedom to set its own prices, policies, and hours.

Delta, Continental Up Baggage Fees

Delta and Continental are raising the fees they charge customers to check baggage to $25 for the first bag. The move underscores how the industry is trying to squeeze every nickle from the flying public. The winners in this trend? Package-delivery companies.

Super Bowl XLIV May Set Record for Ad Minutes

A 30-second ad hasn't only reached record prices, quadrupling during the past 20 years to $3 million each for the 2009 game, but the time allotted to ads has also expanded to a record, according to a study from ad researcher TNS Media Intelligence.

FedEx does not deliver

Blaming a faltering economy, FedEx Corp. (FDX) today reported worse than expected third quarter results. The shipping company said it sees little...