Federal Express Corporation
US stocks drop on Cyprus, weak earnings
Mar 21, 2013 16:54 EDT
US stocks fell Thursday, hit by uncertainty over the Cyprus banking crisis and some surprisingly weak corporate earnings.
Stocks rise as Fed keeps aggressive easing in place
Mar 20, 2013 16:40 EDT
US stocks recorded solid gains Wednesday as the Federal Reserve held steady on its policy of economic stimulus.
FedEx profits fall on weak international results
Mar 20, 2013 12:58 EDT
Global package delivery giant FedEx Wednesday reported lower quarterly earnings and slashed its profit guidance for fiscal 2013, citing weakness in the international freight market.
US Post to end Saturday letter service
Feb 06, 2013 11:19 EST
The US Postal Service announced Wednesday that it would halt letter delivery services on Saturday in an attempt to reduce costs that left it $15.9 billion in the red in 2012.
UPS drops bid for TNT Express after EU pressure
Jan 14, 2013 07:32 EST
United Parcel Service (UPS) on Monday abandoned a huge bid for Dutch TNT Express, bending to EU anti-trust pressures and ending a bid to create the biggest European delivery group and boost its global position.
Belgium airport 'fears TNT departure, eyes FedEx deal'
Jan 05, 2013 06:39 EST
Belgium's Liege airport, one of Europe's busiest freight hubs, hopes to entice US parcel delivery firm FedEx away from Paris airports should Dutch firm TNT Express depart for Germany.
UPS modifies TNT Express bid to get EU approval
Nov 30, 2012 05:55 EST
US delivery giant United Parcel Service (UPS) said on Friday it had amended its multi-billion-euro bid for Dutch firm TNT Express to meet EU conditions and close the deal by next year.
FedEx, UPS in probe targeting online drugs sales
Nov 16, 2012 00:15 EST
FedEx and United Parcel Service are being investigated by the Securities and Exchange Commission (SEC) in a probe of prescription medication sales by online pharmacies, the two US package delivery companies said.
US Postal Service bleeds $16 billion
Nov 15, 2012 20:34 EST
The US Postal Service tripled its losses in 2012, bleeding $15.9 billion as the state-owned enterprise faces tough competition and what it calls onerous and unfair retirement funding requirements.
FedEx to open new $100 mln Shanghai cargo hub
Oct 26, 2012 03:05 EDT
Global delivery company FedEx has announced plans to open a $100 million air cargo hub in China's commercial centre of Shanghai, betting on stronger growth in the world's second largest economy.
Fedex to cut thousands from workforce
Oct 10, 2012 17:35 EDT
Fedex, the global delivery company, said Wednesday it was planning to cut "several thousand" people from its workforce via a voluntary departure program beginning early next year.
Weepy Watson bleeds red, white and blue
Sep 27, 2012 14:26 EDT
Masters champion Bubba Watson is expecting an emotional roller-coaster ride and says the tears he shed at Tuesday's captains dinner probably won't be his last during Ryder Cup week.
US Ryder Cup skipper Love defends Woods
Sep 25, 2012 18:20 EDT
Davis Love defended Tiger Woods on Tuesday saying the 14-time major winner has been a key factor over the years and doesn't deserve a bad rap for having a losing record in the Ryder Cup.
Olazabal 'respects' US skipper's wildcard picks
Sep 05, 2012 09:02 EDT
European Ryder Cup captain Jose Maria Olazabal says he respects his United States counterpart Davis Love for siding with form in his four wildcard picks.
McDowell seeks to keep major hot-streak going
Aug 08, 2012 19:43 EDT
Graeme McDowell says with some last-minute practice time on Wednesday he should be able to catch some of the others napping ahead of the first round of the 94th PGA Championship.
Clinton lunches with Mandela in rare visit at his home
Aug 06, 2012 13:04 EDT
US Secretary of State Hillary Clinton met Nelson Mandela Monday at his rural homestead where South Africa's first black president is living out retirement far from the public eye.
Clinton meets Mandela in rare visit at his home
Aug 06, 2012 08:23 EDT
US Secretary of State Hillary Clinton met Nelson Mandela on Monday at his rural homestead where South Africa's first black president is living out retirement far from the public eye.
Clinton arrives in S.Africa for meeting with Mandela
Aug 05, 2012 23:10 EDT
US Secretary of State Hillary Clinton is to meet with South Africa's anti-apartheid hero Nelson Mandela on Monday, the State Department said, hours after her arrival on the latest leg of her Africa tour.
EU inquiry on proposed acquisition by UPS of TNT Express
Jul 20, 2012 14:41 EDT
The European Commission on Friday announced an in-depth inquiry into a proposed 5.16 billion euro acquisition of Dutch shipper TNT Express by United Parcel Service, both major players in small package delivery.
US man arrested after 17 shot in Alabama bar spree
Jul 17, 2012 18:45 EDT
Police in the US state of Alabama have arrested a man suspected of walking into a popular local nightspot and shooting 17 people before setting fire to his former workplace and a nearby gas well rig.
