FedEx 4Q profit drops as economic growth is weak
David Koenig, Associated Press |
posted 5 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.
Oil rises near $99 a barrel before Bernanke speaks
Pablo Gorondi, Associated Press |
posted 18 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.
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.
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.
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.
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.
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.
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.
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.
US Treasury bond market at a glance
The Associated Press |
posted Jun 18th - 3:28pm
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