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FedEx 4Q profit drops as economic growth is weak

David Koenig, Associated Press  |  posted 35 minutes ago
FedEx's quarter profit is down 45 percent from a year ago as customers trade down to less-expensive delivery options and the package delivery company restructures some parts of its business.
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Oil rises near $99 a barrel before Bernanke speaks

Pablo Gorondi, Associated Press  |  posted 48 minutes ago
The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve.
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Japan's trade deficit climbs to $10.5B in May

Elaine Kurtenbach, Associated Press  |  posted Jun 19th - 1:15am
Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.
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A guide to the Federal Reserve's events Wednesday

Martin Crutsinger, Associated Press  |  posted Jun 18th - 10:03pm
Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows.
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Dish won't submit revised bid for Sprint

Associated Press  |  posted Jun 18th - 7:11pm
Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.
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SEC to require mea culpas in some big settlements

Marcy Gordon, Associated Press  |  posted Jun 18th - 6:51pm
The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
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Taco Bell jumps on protein craze with menu test

Associated Press  |  posted Jun 18th - 4:19pm
Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience _ young men.
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Court: Ex-Im Bank needs to explain Air India loan

Associated Press  |  posted Jun 18th - 3:52pm
A federal bank that backed a huge airplane loan for Air India will have to explain that the loan didn't hurt U.S. airlines.
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Treasury unveils Lew's improved signature

Martin Crutsinger, Associated Press  |  posted Jun 18th - 3:38pm
Treasury Secretary Jacob Lew won't win any prizes in penmanship, but his official signature which will go on the nation's currency is at least a slight improvement over the loopy scrawl he had a few months ago.
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US Treasury bond market at a glance

The Associated Press  |  posted Jun 18th - 3:28pm
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