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FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%: FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end and ...
reuters.com/business/fedex-raises-2024-profit-forecast-cost-cuts-2024-03-21/
FedEx Corporation (FDX) Q3 2024 Earnings Call Transcript: FedEx Corporation (NYSE:NYSE:FDX) Q3 2024 Results Conference Call March 21, 2024 5:30 PM ETCompany ...
seekingalpha.com/article/4679803-fedex-corporation-fdx-q3-2024-earnings-call-transcript
Nike, FedEx, Micron Technology, Housing Data, the Fed and Interest Rates, and More to Watch This Week
barrons.com/articles/nike-fedex-micron-technology-housing-data-the-fed-and-interest-rates-and-more-to-watch-this-week-ba673c28
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FedEx’s Earnings Are Today. Watch Sales and Package Volumes.: Investors would like to see another quarter of success in controlling costs at FedEx ...
barrons.com/articles/fedex-stock-earnings-5d4684d9
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FedEx (FDX) Earnings: The Era of Large Price Increases Is Over: While an all-out, no-win war with UPS isn’t likely, the days of driving up profit margins on the ...
bloomberg.com/opinion/articles/2024-03-21/fedex-fdx-earnings-the-era-of-large-price-increases-is-over
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FedEx truck hangs from bridge in New York state: The driver was able to exit the cabin without any injuries after the vehicle crashed and rolled over in ...
bbc.com/news/av/world-us-canada-68570986
Quick Glance: US Wildlife Center Staff Wear Fox Mask for Rescued Kit
- Melissa Stanley, Founder and Director of Richmond Wildlife Center in Virginia, wore a fox mask to care for a rescued fox kit.
- Celebrity chef José Andrés' charity delivered the first maritime shipment of 200 tonnes of food to Gaza.
- Former special counsel Robert Hur defended his report on Joe Biden's handling of classified documents in Congress.
- A toilet paper spill caused traffic disruptions on a busy US highway.
These Stocks Are Moving the Most Today: FedEx, Nike, Apple, Reddit, Lululemon, and More
barrons.com/articles/stock-market-movers-5124124c
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Midday market movers: A rough start for Nike and Lululemon stock as FedEx flies high
qz.com/nike-lululemon-fedex-stock-market-dow-nasdaq-1851358793
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Grand Theft Auto Publisher Take-Two to Acquire Gearbox from Embracer, New Borderlands in Development
techraptor.net/gaming/news/grand-theft-auto-publisher-take-two-to-acquire-gearbox-from-embracer-new-borderlands-in
‘I don’t care for them’: Lucas Glover slams Signature Events on the PGA Tour: Lucas Glover believes the schedule of eight Signature Events "bowed to some ...
nationalclubgolfer.com/tour/pga-tour/lucas-glover-doesnt-care-for-signature-events-on-the-pga-tour/
NASDAQ stock Amazon and NYSE stock FedEx were in partnership talks due to increased competition
finanzen.net/nachricht/aktien/konkurrenz-hoeherer-wettbewerb-amazon-und-fedex-haben-ueber-partnerschaft-gesprochen-13367345
AstraZeneca to buy Canadian cancer specialist Fusion for $2.4bn: Britain’s biggest drugmaker’s latest acquisition will help it to develop new radiotherapy ...
theguardian.com/business/2024/mar/19/astrazeneca-buy-canada-cancer-fusion
Valspar Championship: Everything you need to know: It's time for the PGA Tour's flagship event at TPC Sawgrass. Here are all the details about this year's ...
nationalclubgolfer.com/tour/the-players/the-players-championship-everything-you-need-to-know/
Bid by British shareholder to acquire PZ Cussons Nigeria falls apart: The company’s shareholders’ fund or net worth is currently negative after its assets ...
premiumtimesng.com/news/headlines/679168-bid-by-british-shareholder-to-acquire-pz-cussons-nigeria-falls-apart.html
FedEx's Cost-Cutting Plan is Offsetting Revenue Headwinds: FedEx’s massive cost cuts are coming to fruition, enabling the parcel delivery firm to bolster its ...
sourcingjournal.com/topics/logistics/fedex-cost-cutting-drive-revenue-headwinds-earnings-usps-delivery-demand-package-volume-ground-express-501053/
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World’s largest oil companies ‘way off track’ on emissions goals, report finds: Despite splashy climate pledges, firms including BP and Saudi Aramco have plans ...
theguardian.com/us-news/2024/mar/22/oil-companies-emissions-goals-report
FedEx with a strong price jump - can the DHL Group also benefit?: FedEx Increases Profit Despite Declining Revenue, Announces $5 Billion Stock Buyback; Shares ...
deraktionaer.de/artikel/aktien/fedex-mit-kraeftigem-kurssprung-kann-auch-die-dhl-group-profitieren-20353541.html
Family of Akron man killed on I-76 sues FedEx over crash: Yusuf Evans Sr. was killed after a FedEx truck hit him while he was on the side of Interstate 76 ...
cleveland.com/court-justice/2024/03/family-of-akron-man-killed-on-i-76-sues-fedex-over-crash.html
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FedEx employee now charged after shooting 24 rounds inside empty Menomonee Falls building
jsonline.com/story/communities/north/2024/03/20/fedex-employee-charged-in-empty-menomonee-falls-facility-shooting/73041604007/
Amazon: Rumors about new cooperation: Amazon and FedEx are renegotiating a partnership to handle package returns after their cooperation ended in 2019.
deraktionaer.de/artikel/technischeanalyse/amazon-geruechte-ueber-neue-kooperation-20353303.html
Metro Series Publishing Rights Will Remain with Embracer, but Saber Has the Option to Acquire 4A Games
gamingbolt.com/metro-series-publishing-rights-will-remain-with-embracer-but-saber-has-the-option-to-acquire-4a-games
Rise Of The Ronin Is This Obscure Samurai Game’s Spiritual Successor: Acquire’s Way of the Samurai franchise had to walk so Team Ninja’s latest samurai action ...
kotaku.com/rise-ronin-ps5-game-soulslike-way-samurai-team-ninja-1851328426
Scholastic Acquiring Animation Studio 9 Story Media for $183 Million: Scholastic announced a $186 million deal to acquire full economic interest in 9 Story Media ...
variety.com/2024/tv/news/scholastic-acquires-9-story-media-1235939370/
Signature Entertainment to Acquire Latin American Producer and Distributor Particular Crowd
hollywoodreporter.com/business/business-news/signature-entertainment-particular-crowd-deal-latin-america-1235849156/
What Rory McIlroy REALLY means by a ‘cutthroat’ PGA Tour: Rory McIlroy wants fewer spots available on the PGA Tour. But that mindset isn't as harsh as some make ...
golf.com/news/rory-mcilroy-means-cutthroat-pga-tour/
Matthieu Pavon set for Open de France return: The 31-year-old makes his first start in his home national open since his PGA Tour win
gulfnews.com/sport/golf-in-uae/world/matthieu-pavon-set-for-open-de-france-return-1.1710239098816
India’s PhantomFX To Acquire Oscar Winner Phil Tippett’s VFX Company Tippett Studio
deadline.com/2024/03/tippett-studio-to-be-acquired-by-phantomfx-1235855050/
Ben Kohles shoots career-best round, leads Puerto RIco Open with 18 holes to go: The winner Sunday will earn a Tour card through 2026, a $720,000 winner's ...
golfweek.usatoday.com/2024/03/09/2024-puerto-rico-open-third-round-leaderboard-ben-kohles/
FedEx pees, DHL folds creatively: Ten serious parcel delivery fails: There are always complaints about irresponsible parcel deliverers. Deliveries that are ...
nord24.de/der-norden/fedex-pinkelt-dhl-faltet-kreativ-zehn-heftige-paketzusteller-fails-196348.html
Small Business Grants Available to Support Women Veteran Entrepreneurs: Take a look at grants offered by the SBA to support women veterans looking to start their ...
smallbiztrends.com/2024/03/grants-for-women-veteran-entrepreneurs.html
FedEx Survey Highlights Shift Towards No-Label/No-Box Returns: FedEx survey reveals a shift towards no-label/no-box returns for easier, sustainable e-commerce ...
smallbiztrends.com/2024/03/fedex-survey-highlights-shift-towards-no-label-no-box-returns.html
TPG Is Said in Discussions to Acquire Partners Group’s Techem: TPG Inc. is in talks to acquire German metering company Techem GmbH, according to people with ...
bloomberg.com/news/articles/2024-03-08/tpg-is-said-in-discussions-to-acquire-partners-group-s-techem
UPS Stock Failed to Deliver in 2023. Now It’s Time to Buy.: UPS stock looks attractive after a selloff as the package-delivery leader works to cut costs and ...
barrons.com/articles/ups-stock-pick-bullish-teamsters-rebound-fedex-d6b62520
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FromSoftware's parent company has acquired Acquire, the studio behind Octopath Traveler
engadget.com/fromsoftwares-parent-company-has-acquired-acquire-the-studio-behind-octopath-traveler-175648777.html
Capital One Said to Be in Talks to Acquire Discover: The proposed deal would combine two of the largest credit card companies in the United States.
nytimes.com/2024/02/19/business/capital-one-discover-merger.html
Quick Glance: Acquisition Plans: Capital One and Discover Financial
- Capital One plans to acquire Discover Financial, a US credit card company
- Capital One is valued at $52.2 billion and the fourth largest player in the US credit card market
- Discover was the 27th largest US bank by assets, while Capital One was the ninth largest
- Increased regulatory focus on credit card fees, potential merger in this context
Take your SME customer experience to the next level with these 5 tips: Whether you run a small business or a multinational corporation, customer satisfaction can ...
news24.com/news24/partnercontent/take-your-sme-customer-experience-to-the-next-level-with-these-5-tips-20231205
FedEx: Another Steep Plunge Presents Another Gift For Dip-Buyers: FedEx investors have seen a remarkable recovery, with nearly 38% total return over the past ...
seekingalpha.com/article/4666303-fedex-another-steep-plunge-presents-another-gift-for-dip-buyers
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McDonald's records first sales miss in nearly 4 years on slow international business
reut.rs/3w3RngF
Quick Glance: McDonald's CEO Pledges to Address Menu Price Concerns
- McDonald’s CEO acknowledges customer dissatisfaction with menu prices and commits to prioritizing affordability this year.
- The latest quarter saw global same-store sales growth of only 3.4%, falling short of Wall Street's 4.7% expectation.
- Low-income customers, earning less than $45,000 annually, have significantly reduced their orders from McDonald’s.
- Despite the current criticism, McDonald’s anticipates further price increases this year, but at a slower rate of 2% to 3% compared to last year’s 10%.
SAP removes Tesla from list of company car suppliers -Handelsblatt: German software company SAP (SAPG.DE) will no longer source its company cars from Tesla (TSLA ...
reuters.com/business/autos-transportation/sap-removes-tesla-list-company-car-suppliers-handelsblatt-2024-02-05/
Dubai: FedEx sets up Dh1.3 billion hub for Middle East, Indian Subcontinent, Africa - News | Khaleej Times
khaleejtimes.com/business/dubai-fedex-sets-up-dh1-3-billion-hub-for-middle-east-indian-subcontinent-africa
Elon Musk tops list of largest US corporate pay packages: A judge on Tuesday invalidated Elon Musk's record $56 billion pay package from Tesla (TSLA.O) ...
reuters.com/business/elon-musk-tops-list-largest-us-corporate-pay-packages-2024-01-30/
Quick Glance: Elon Musk's $56 Billion Loss in Lawsuit by Heavy Metal Drummer
- Elon Musk loses $56 billion pay package after lawsuit by heavy metal drummer Richard Tornetta.
- Tornetta filed the lawsuit in 2018 and won in 2022, voiding Musk's pay package.
- Prior to Tornetta's case, Musk won other trials, but Tornetta's minimal stake in Tesla enabled his victory.
- Tornetta's case demonstrates how even investors with small holdings can shape US corporate law.
Transform your supply chain with these 4 digital tools and solutions: To keep up with Gen Z and the ever-changing consumer market you need to take advantage of ...
news24.com/news24/partnercontent/transform-your-supply-chain-with-these-4-digital-tools-and-solutions-20240208
Appeals court overturns $366 mln FedEx race bias verdict: A federal appeals court on Thursday threw out a $366.2 million verdict against FedEx (FDX.N) ...
reuters.com/legal/fedex-wins-overturning-366-mln-race-bias-verdict-2024-02-01/
Quick Glance: South Africa's Goalkeeper Leads Team to Africa Cup of Nations Semi-Finals
- South Africa's Ronwen Williams saves four penalties, securing a spot in the Africa Cup of Nations semi-finals.
- Mothobi Mvala scores decisive penalty in 2-1 shootout win after 0-0 draw, sending South Africa to their first semi-final since 2000.
- Williams makes brilliant saves, carrying South Africa to victory after dominating the early exchanges and surviving several scares.
- South Africa to face Nigeria in semi-final match on Wednesday.
The hospital raid by undercover Israeli commandos frame by frame: A screen grab of CCTV footage from Ibn Sina hospital in the West Bank city of Jenin appears to ...
reuters.com/world/this-is-moment-israeli-commandos-disguised-palestinians-walked-into-jenin-2024-01-30/
Palantir forecasts strong 2024 profit on robust AI demand, shares jump: Palantir Technologies (PLTR.N) forecast 2024 profit above Wall Street estimates and ...
reuters.com/technology/palantir-forecasts-strong-2024-profit-robust-ai-demand-2024-02-05/
Boeing postpones 2024 outlook, CEO says company has 'much to prove'
reut.rs/3OqqV75
Quick Glance: Boeing's Strategic Dilemma: Safety vs. Profits
- The company is facing pressure to demonstrate its commitment to safety to regulators, customers, and investors concerned about its financial performance.
- During the upcoming earnings report release, Dave Calhoun, Boeing's Chief Executive, is expected to address safety directly.
- Company executives are grappling with the decision to prioritize either safety or financial performance following a recent incident involving a Boeing 737 Max 9 jet.
- As Boeing prepares to report its fourth-quarter earnings, the issue of balancing safety and financial performance becomes increasingly critical amidst a significant safety crisis.
Meta oversight board calls company's deepfake rule 'incoherent': Meta's (META.O) Oversight Board has determined Facebook video wrongfully suggesting that U.S ...
reuters.com/technology/cybersecurity/meta-oversight-board-reviewing-biden-video-says-deepfake-rule-incoherent-2024-02-05/
Quick Glance: Call for Labeling of Fake Biden Videos
- The Oversight Board supports Meta's decision not to remove a fake video of US President Joe Biden as it did not violate its manipulated media policy.
- Meta will publicly respond to the recommendations within 60 days.
- The Oversight Board calls for more labeling of fake material on Facebook, especially if it cannot be removed.
- It is suggested to reduce reliance on third-party fact checkers and inform users about fake or altered content.
Bayer was ordered to pay $2.25 billion to a Pennsylvania man who said he developed cancer from exposure to the company's Roundup weedkiller ...
reut.rs/3UyDe5t
Exclusive: Motor racing-Petronas aiming to bring back Malaysian Formula 1 GP in 2026 - sources
reuters.com/sports/formula1/motor-racing-petronas-aiming-bring-back-malaysian-formula-1-gp-2026-sources-2024-01-31/
KDDI to acquire 50% stake in Lawson; take it private with Mitsubishi: Japanese telecom operator KDDI Corp said Tuesday it plans to acquire a 50 percent stake in ...
japantoday.com/category/business/update1-kddi-to-acquire-50-stake-in-lawson-take-it-private-with-mitsubishi
Quick Glance: Lawson Stocks Soar After Billion-Dollar Privatization Offer
- Lawson's stocks surged significantly after the privatization offer.
- The offer involves Mitsubishi and KDDI jointly managing the convenience store chain, each owning 50%.
- The offer values the chain at about 500 billion yen ($3.4 billion) and represents a 16% premium.
- KDDI currently owns 2.11% of Lawson, while Mitsubishi owns 50.11%.
BP beats forecast with $3 billion quarterly profit, boosts buybacks: BP (BP.L) posted forecast-beating earnings of $3 billion in the fourth quarter while ...
reuters.com/business/energy/bp-beats-q4-profit-forecast-increases-buybacks-2024-02-06/
Meta surges with record $196 billion gain in stock market value: Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day ...
reuters.com/technology/meta-shares-jump-after-first-ever-dividend-plan-year-efficiency-pays-off-2024-02-02/
Bezos to sell up to 50 mln Amazon shares by Jan. 31 next year - filing: Amazon.com (AMZN.O) founder Jeff Bezos will sell up to 50 million shares in the online ...
reut.rs/42mtVax
Facebook parent Meta declares first dividend, shares soar: Meta Platforms (META.O) issued its first ever dividend days ahead of flagship social network ...
reuters.com/technology/facebook-parent-meta-declares-first-ever-dividend-2024-02-01/
Caterpillar's shares hit record high on profit beat, robust demand: Caterpillar (CAT.N) beat estimates with a double-digit jump in operating profit on Monday to ...
reuters.com/markets/us/caterpillar-profit-rises-large-construction-equipment-demand-stays-resilient-2024-02-05/
TikTok and Universal will stage reunion tour soon: Cheeky dance videos on TikTok just got a lot more awkward. Universal Music (UMG.AS), the $54 billion company ...
reuters.com/breakingviews/tiktok-universal-will-stage-reunion-tour-soon-2024-02-05/
Explainer: What happens next after China Evergrande ordered to liquidate?: A Hong Kong court on Monday ordered China Evergrande (3333.HK), the world's most ...
reuters.com/business/what-happens-next-after-china-evergrande-ordered-liquidate-2024-01-29/
Quick Glance: Evergrande: Pressure Mounts on Chinese Real Estate Giant
- Significant drop in Evergrande shares in Hong Kong following announcement.
- New agreement between China's Supreme Court and Hong Kong's Department of Justice takes effect.
- Investor Top Shine Global files lawsuit against Evergrande for failing to honor share buyback agreement.
- Majority of Evergrande's debt owed to mainland China lenders with limited legal recourse.
Controlling shareholders bid to take Brazil payments firm Cielo private for $1.2 bln
reut.rs/3SwrGwQ
H&M appoints new CEO in surprise move as profit margin falls: H&M surprised investors on Wednesday with a new CEO, Daniel Erver, taking the role with immediate ...
reut.rs/3HGiFME
Novo Nordisk sees double-digit FY growth; boosts Wegovy supplies to U.S: Novo Nordisk (NOVOb.CO) on Wednesday forecast another year of double-digit record sales ...
reuters.com/business/healthcare-pharmaceuticals/novo-nordisk-q4-profits-beat-expectations-expects-double-digit-growth-2024-2024-01-31/
Quick Glance: Novo Nordisk's Value Hits $500 Billion
- Increased demand for effective anti-obesity drugs like Ozempic and Wegovy has propelled Novo Nordisk to reach a market value of over $500 billion on Wednesday, solidifying the Danish company's position as Europe's largest company by market capitalization.
- The company's value exceeds Denmark's entire GDP by over $100 billion, and the GLP-1 drugs could potentially boost sales by up to 26% this year.
- On Wednesday, Novo exceeded earnings estimates and recorded a net profit of 83.7 billion Danish kroner or around $12 billion for 2023.
- In the annual report, the company indicated that sales of its GLP-1 diabetes drugs increased by 52%, with Ozempic generating sales of 95.7 billion Danish kroner or approximately $13.9 billion, and Wegovy sales surpassing 31.3 billion Danish kroner or roughly $4.5 billion.
Payments firm PayPal to reduce global workforce by 9% in 2024: Payments firm PayPal Holdings (PYPL.O) is planning to cut about 2,500 jobs, or 9% of its global ...
reuters.com/business/payments-firm-paypal-cut-around-2500-jobs-bloomberg-news-2024-01-30/
Quick Glance: PayPal Announces Further Layoffs
- According to various reports, including an article by The Information, PayPal has started company-wide layoffs.
- TechCrunch has reached out to PayPal and will update the story upon receiving a response.
- In recent months, PayPal has undergone multiple changes within its executive team.
- PayPal has expanded its operations over the years through acquisitions of fintech companies such as Venmo, Xoom, and Honey.
FromSoftware's parent company has acquired Acquire, the studio behind Octopath Traveler
engt.co/4bsWVl3
Boeing execs stand by 2025-26 financial guidance; near-term focus is safety: Boeing Co (BA.N) executives on Wednesday stood by their financial targets for ...
reuters.com/business/aerospace-defense/boeing-postpones-2024-outlook-ceo-says-company-has-much-prove-2024-01-31/
Adidas CEO flags delays and higher costs from Red Sea disruption: Adidas deliveries to retailers are being delayed by Red Sea shipping disruptions ...
reuters.com/business/retail-consumer/adidas-ceo-says-red-sea-disruptions-cause-delays-higher-costs-2024-02-01/
Forget Walmart, Amazon has a surprising huge new rival: A surprise competitor has decided it wants to take down the retail giant and it has the infrastructure to ...
sacbee.com/news/business/article284528495.html
Vince McMahon resigns from TKO, WWE over sex assault lawsuit
reut.rs/3ShIM1a
Quick Glance: Vince McMahon: Accused of Sex Trafficking at WWE
- Vince McMahon stepped down as CEO of WWE in 2022 amid sexual misconduct allegations.
- Janel Grant filed a lawsuit in Connecticut, alleging sexual assault during her time at WWE.
- Mr McMahon is named as a defendant in the new legal case, along with WWE's former head of talent, John Laurinaitis.
- Former WWE employee Janel Grant accuses them both of trafficking her as a 'sexual pawn' to entice world-famous wrestling talent.
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