FedEx's latest quarterly results missed Wall Street expectations, as lower fuel surcharges and the strong dollar cut into revenue at its big express-shipping business.
Shares of FedEx Corp. fell more than 2.5 percent in morning trading Wednesday.
5. FedEx will take $2.2B charge for pension accounting change - Friday, June 12, 2015
NEW YORK (AP) — FedEx said it is changing its pension accounting methods, and it will take a $2.2 billion charge as a result.
The package delivery company said the new method will make the business' results easier to understand because gains and losses will be recorded in the fourth quarter of each fiscal year instead of being amortized over many years.6. Job search pendulum swings toward workers - Friday, June 05, 2015
As the economy continues to improve, employers are beginning to think of what they can do to attract and retain the best talent.
In fact, I was just asked for tips on this very topic by a local employer.7. Tesla Motors co-founder wants to electrify commercial trucks - Friday, May 29, 2015
SAN JOSE, Calif. (AP) — Twelve years ago, Ian Wright and some fellow engineers launched Tesla Motors, a Silicon Valley company that has helped jumpstart the market for electric cars.8. Winning, losing bills of 2015 Tennessee legislative session - Friday, May 01, 2015
A look at some of the winning and losing legislation during the 2015 session of the Tennessee General Assembly.
Tennessee budget: Appropriating the state’s annual $33.8 billion budget. SB1399.9. Haslam wants lawmakers to approve tax break for FedEx - Friday, April 03, 2015
NASHVILLE (AP) — Republican Gov. Bill Haslam's administration wants lawmakers to approve a cut in aviation fuel taxes for Memphis-based FedEx Corp.10. US stocks end lower following late-day sell-off; oil gains - Friday, April 03, 2015
NEW YORK (AP) — U.S. stocks fell Tuesday as an early advance fizzled in the last hour of trading.
Energy stocks rose with the price of oil while consumer discretionary stocks were among the biggest decliners. Utility stocks also dragged down the major indices.
11. FedEx agrees to take over Dutch rival TNT Express - Friday, April 03, 2015
THE HAGUE, Netherlands (AP) — American package delivery service FedEx has agreed to take over Dutch rival TNT Express, one of Europe's largest delivery companies, for 4.4 billion euros ($4.8 billion), the companies announced Tuesday, in a move FedEx said will strengthen its business globally.12. FedEx 3Q profit jumps, but revenue, outlook disappoint - Friday, March 13, 2015
NEW YORK (AP) — FedEx Corp.'s third-quarter profit jumped more than 50 percent and beat Wall Street expectations on a mix of volume growth and lower fuel costs.
The Memphis, Tennessee-based package delivery company's revenue edged up but missed expectations as lower fuel surcharges and unfavorable currency exchange rates tempered the benefits of volume growth. Its forecast for the full year also was below expectations.
13. Bill requiring public vote for city borrowing opposed by cities - Friday, February 27, 2015
Legislation by Sen. Lee Harris requiring local governments to hold a referendum before they take on “extraordinary” debt could run into opposition from his own City Council and municipal leaders across Tennessee.14. UPS takes a hit during the holidays, cuts outlook - Friday, January 23, 2015
NEW YORK (AP) — The huge cost of ensuring timely deliveries cost UPS during the holidays and the shipping company is now cutting its outlook for the year.
Shares plunged nearly 10 percent in premarket trading Friday.15. It's down to the wire for online shopping - Friday, December 19, 2014
ATLANTA (AP) — As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders from shoppers caused delivery delays.16. Poll: Americans skeptical of commercial drones - Friday, December 19, 2014
WASHINGTON (AP) — Americans are skeptical that the benefits of the heralded drone revolution will outweigh the risks to privacy and safety, although a majority approve of using small, unmanned aircraft for dangerous jobs or in remote areas, according to a new Associated Press-GfK poll.17. Stocks gain most in more than a year on Fed, oil - Friday, December 12, 2014
NEW YORK (AP) — A pledge from the Federal Reserve to remain "patient" when deciding when to lift interest rates gave the stock market its biggest gain in more than a year.
Stocks rose from the open on Wednesday, led by gains for the energy sector, as oil prices showed signs of stabilizing after their big slump in recent months. The market's gains were extended after Fed policymakers released a statement following the end of its most recent policy meeting.
18. FedEx misses Street 2Q forecasts, but profit jumps 23 pct - Friday, December 12, 2014
FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices.
FedEx also said Wednesday that a jump in plane maintenance blunted gains the company reaped from managing costs, lowering its pension expense and growing its export package revenue.
19. Top FedEx exec to give TSU commencement address - Friday, December 05, 2014
NASHVILLE (AP) — A nationally recognized FedEx executive will give the commencement address at Tennessee State University on Saturday.
Shannon A. Brown worked his way up from a package handler to become senior vice president/chief human resources and diversity officer at the Memphis, Tennessee-based shipping giant.20. Job gains put US on pace for best growth since '99 - Friday, December 05, 2014
WASHINGTON (AP) — The resurgence in U.S. hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
The gain of a robust 321,000 jobs — the most in nearly three years — put further distance between a strengthening American economy and struggling nations throughout the developed world. The job market still isn't yet fully healthy. But its steady improvement raises the likelihood that the Federal Reserve will start raising interest rates from record lows by mid-2015.
21. US hiring was likely solid for 10th straight month - Friday, December 05, 2014
WASHINGTON (AP) — U.S. employers are thought to have hired at another robust pace in November in the latest sign that the United States is outshining struggling economies throughout the developed world.22. Amazon's new robot army is ready to ship - Friday, November 28, 2014
TRACY, California (AP) — A year ago, Amazon.com workers like 34-year-old Rejinaldo Rosales hiked miles of aisles each shift to "pick" each item a customer ordered and prepare it for shipping.23. Wish granted: Same-day delivery for the holidays - Friday, November 21, 2014
NEW YORK (AP) — A procrastinator's holiday wish come true: Presents ordered at the last minute can now show up under the Christmas tree that same day.
Amazon, Target and Macy's and other retailers are offering speedier delivery, including overnight and same-day options that will continue even past the holidays.24. Turn your worst fear into interview success - Friday, November 07, 2014
With Halloween still fresh on our minds, we’re talking about our fears.
Finding a job can be a scary thought for many people. But what is it about the process that unnerves us?
Glassdoor.com, research shows more than 90 percent of Americans are afraid of something about the job search process.25. FedEx predicts increase in holiday deliveries - Friday, October 17, 2014
MEMPHIS (AP) — FedEx expects another record for holiday-season deliveries.
The company forecast Wednesday that deliveries between Thanksgiving and Christmas Eve will rise 8.8 percent over last year, to 290 million shipments. That's a more subdued forecast than a year ago, when FedEx predicted 13 percent growth for the season.26. GM issues 2 more recalls for SUVs, mini cars - Friday, October 03, 2014
DETROIT (AP) — General Motors announced two more recalls Friday, pushing its total for the year to 71, affecting almost 30 million vehicles in North America.
The biggest of the new recalls covers just over 430,000 Cadillac SRX and Saab 9-4X SUVs, mainly in North America. The company says some rear suspension nuts may not have been tightened properly. That could cause the toe link adjuster to separate from the suspension, possibly causing a crash.
27. Brighter economy driving up holiday hiring plans - Friday, September 19, 2014
NEW YORK (AP) — UPS will hire up to 95,000. Kohl's plans to take on 67,000 and FedEx 50,000. Wal-Mart will add 60,000.
One after the other, a flurry of major U.S. retail and transportation companies announced sharp increases this week in the number of temporary workers they plan to hire for the holiday season. Collectively, such hiring could reach its highest point this year for stores since 1999, when the economy was roaring and the Great Recession was still eight years away.
28. FedEx tops Street 1Q forecasts - Friday, September 12, 2014
MEMPHIS (AP) — FedEx's fiscal first-quarter net income rose 24 percent, thanks partly to a strong performance by its ground division.
Its results beat analysts' estimates. The stock climbed before the market open on Wednesday.29. Money laundering charge added to FedEx drug case - Friday, August 15, 2014
SAN FRANCISCO (AP) — Federal prosecutors say several addicts died soon after receiving shipments of illegal prescription drugs via FedEx.
The deaths were included in a new indictment filed late Thursday against FedEx that adds money laundering to a list of charges the company is facing over allegations it knowingly shipped illegal prescription drugs from two online pharmacies.30. FedEx charged with assisting illegal pharmacies - Friday, July 18, 2014
SAN FRANCISCO (AP) — Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions.31. FedEx 4Q profit rises on growth in ground shipping - Friday, June 13, 2014
FedEx Corp. says its quarterly profit rose as growth in online shopping gave its ground-shipping business a lift.
The earnings of $2.46 per share beat Wall Street's forecast by a dime. Revenue also topped expectations.32. Stocks edge higher after Fed trims bond purchases - Friday, June 13, 2014
Stocks are closing higher after the Federal Reserve said the U.S. economy was doing well enough for the central bank to make further reductions to its stimulus program.
It was the fourth straight gain for stocks and another record-high close for the Standard & Poor's 500 index.
33. FedEx raises dividend to 20 cents from 15 cents - Friday, June 06, 2014
NEW YORK (AP) — FedEx is raising its quarterly dividend to 20 cents from 15 cents.
Companies often spend their cash on shareholder dividends or stock buybacks.
FedEx Corp. last raised its dividend by a penny, to 15 cents, a year ago.34. FedEx profit up, but misses expectations - Friday, March 14, 2014
DALLAS (AP) — FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations.
The company's ground-shipping segment is doing better, but the express-delivery business is flat and customers continue to shift to slower, cheaper services for international shipments.
35. Online shopping grows, with some growing pains - Friday, December 27, 2013
Americans waited until the last minute to buy holiday gifts, but retailers weren't prepared for the spike.
Heavy spending in the final days of the mostly lackluster season sent sales up 3.5 percent between Nov. 1 and Tuesday, according to MasterCard Advisors SpendingPulse, which tracks payments but doesn't give dollar figures.36. Santa's sleigh delayed after snags at UPS, FedEx - Friday, December 20, 2013
NEW YORK (AP) — Santa's sleigh didn't make it in time for Christmas for some this year due to shipping problems at UPS and FedEx.
The delays were blamed on poor weather earlier this week in parts of the country as well as overloaded systems. The holiday shopping period this year was shorter than usual, more buying was done online and Americans' tendency to wait until the last possible second to shop probably didn't help either.37. FedEx 2Q net income misses estimates - Friday, December 13, 2013
MINNEAPOLIS (AP) — Rate increases helped FedEx Corp. post net income that was 14 percent higher than a year earlier, when superstorm Sandy hurt business.38. 5 trends beneath the surface in improved November jobs report - Friday, December 06, 2013
WASHINGTON (AP) — As the U.S. job market improves, it's also evolving, with winners and losers.
Warehouses and trucking companies are doing more holiday hiring than the stores they're working for.39. Small Business Saturday unites indie retailers - Friday, November 29, 2013
Black Friday is now a weeklong sales event for most national retail chains, and Cyber Monday continues to gain steam for those who wish to do their holiday shopping online.
Good news for the big guys, but not so much for the smaller businesses, even those with a web presence, that often get lost in the shuffle since they can’t compete with the large-scale advertising campaigns and the deep discounts.40. UPS sees busier, intense holiday shopping season - Friday, October 25, 2013
ATLANTA (AP) — UPS expects this holiday season to be busier than last, thanks to the growing popularity of online shopping. And more intense, thanks to the calendar.
The world's biggest package delivery company said Friday that it foresees peak season daily volume rising 8 percent this year.
41. US stocks down as investors wait on debt news - Friday, October 11, 2013
The stock market was whipsawed Tuesday as the on-again, off-again talk of a debt deal in Washington made investors wonder just how pessimistic they should be.
Stocks were flat or down all day, but the size of the losses waxed and waned depending on which politician was giving a press conference. The market closed with its first loss in a week, with the Dow Jones industrials down 133 points. Yields on short-term government debt rose sharply as investors worried about the possibility of a default.
42. Postmaster says USPS may need emergency rate hike - Friday, September 20, 2013
WASHINGTON (AP) — Postmaster General Patrick Donahoe said Thursday his agency is in "the midst of a financial disaster" and may need an emergency increase in postage rates to keep operating.
"The Postal Service as it exists today is financially unsustainable," he told the Senate Homeland Security and Governmental Affairs Committee. It's a message that the postmaster general has been delivering to Congress with regularity over the past several months.43. FedEx says quarterly profit up 7 percent - Friday, September 13, 2013
MEMPHIS (AP) — FedEx says its quarterly profit rose 7 percent despite a dip in revenue in its FedEx Express unit, and it will raise prices in January.
The company says FedEx Express will raise U.S. rates by an average of 3.9 percent on Jan. 6. Prices for ground shipments in 2014 will be announced later this year.
44. Big-business leaders talk tax code at Montana summit - Friday, September 13, 2013
BUTTE, Mont. (AP) — U.S. Sen. Max Baucus said Monday that his bipartisan effort to reform the nation's tax code helped attract some of the business world's biggest names to Montana for a conference on creating jobs.45. Postal Service had $740 million third-quarter loss - Friday, August 09, 2013
WASHINGTON (AP) — The Postal Service has trimmed its losses to $740 million over the last three months by consolidating processing facilities, cutting hours for workers and post offices and reducing workers' compensation costs, the agency said Friday.46. UPS says 2Q profit down 4 percent - Friday, July 19, 2013
DALLAS (AP) — UPS said Tuesday that second-quarter profit fell 4 percent as customers shifted from premium toward lower-priced shipped services.
The company called the results disappointing and said it was adapting to the changing market.47. Stocks head higher for fourth day - Friday, July 05, 2013
NEW YORK (AP) — The stock market edged higher Tuesday as investors bought companies that fare best when the economic outlook is bright.
All major stocks indexes rose, but gains were led by the riskier parts of the market. The Russell 2000, an index of small-company stocks, climbed for a fourth straight day. The Dow Jones transportation average, seen as a leading indicator for the broader economy, also jumped.
48. Stocks end higher; Alaska Air soars - Friday, July 05, 2013
NEW YORK (AP) — The stock market is ending higher as traders buy companies that fare best when the economic outlook is bright.
All major stocks indexes rose Tuesday, but gains were led by the riskier parts of the market. Those advances suggest that investors are more confident about the economy's prospects.
49. Fedex to buy Supaswift operations in 5 countries - Friday, June 21, 2013
MEMPHIS (AP) — FedEx Corp. said Thursday that it has agreed to buy businesses operated by its current service provider in five Southern African countries. Financial terms were not disclosed.50. FedEx 4Q profit drops as priority services lag - Friday, June 14, 2013
DALLAS (AP) — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options.51. Events - Friday, May 17, 2013
Music City Center Grand Opening. Grammy-winning artist and Nashville resident Sheryl Crow will headline the Music City Center grand opening and free outdoor concert today. Performing with Crow will be The Time Jumpers, Vince Gill, the Fisk Jubilee Singers and Mikky Ekko. The concert is set for 6-9 p.m., followed by fireworks. A free open house continues today.52. Tennessee named top choice for retirement - Friday, May 10, 2013
Retirees considering where to spend their golden years might want to consider Tennessee. That’s according to Bankrate.com, the personal finance website, which this week ranked Tennessee at the top of its list of the 10 best states for retirement.53. Gov. Haslam's former boss to oversee Pilot probe - Friday, April 26, 2013
NASHVILLE (AP) — Brad Martin, the newly appointed interim president of the University of Memphis who once hired Gov. Bill Haslam as an executive at Saks Inc., was named Wednesday by Pilot Flying J to oversee an internal investigation into FBI allegations of fraudulent business practices involving rebates to trucking customers.54. FedEx let customers pick delivery time for a fee - Friday, April 19, 2013
MEMPHIS (AP) — FedEx will let recipients leave detailed instructions for their driver or reschedule a delivery to their home.
FedEx Corp. said Tuesday it will charge $5 to reschedule the delivery day or location and $10 to request a 2-hour delivery window.55. Health insurers lead stocks higher on Wall Street - Friday, March 29, 2013
The Dow Jones industrial average closed at a record high Tuesday after reports on auto sales and factory orders provided the latest evidence that the U.S. economy is strengthening. Traders plowed money back into European stocks as the financial situation in Cyprus appeared to stabilize.56. UPS pays $40M to end online pharmacies probe - Friday, March 29, 2013
SAN FRANCISCO (AP) — Shipping company UPS agreed Friday to pay $40 million to end a federal criminal probe connected to deliveries it made for illicit online pharmacies.
The U.S. Department of Justice announced that the Atlanta-based company would also "take steps" to block illicit online drug dealers from using their delivery service.57. FedEx profit falls on weak airfreight business - Friday, March 15, 2013
DALLAS (AP) — FedEx said Wednesday that its third-quarter profit fell 31 percent as customers opted for less-expensive ground shipping, hurting the company's airfreight business.
The company says it will cut capacity to and from Asia starting next month and might retire some of its older airplanes.58. Obama wants research to wean vehicles off oil - Friday, March 15, 2013
WASHINGTON (AP) — President Barack Obama is pushing Congress to authorize more federally funded research into clean energy technologies that can wean automobiles off oil.
Obama proposed the idea of an energy security trust last month in his State of the Union address, but he was putting a price tag on the idea during a trip Friday to the Argonne National Laboratory outside Chicago — $2 billion over 10 years. The White House says the research would be paid for with revenue from federal oil and gas leases on offshore drilling and would not add to the deficit.59. MTSU a key player in revolutionizing industry - Friday, February 22, 2013
MTSU professor Charles Perry accumulates patents like a kid collecting baseball cards.
His collection to date: 42.60. House panel advances guns bill after 6 minutes - Friday, February 08, 2013
NASHVILLE (AP) - A bill to keep businesses, schools and colleges from banning firearms in their parking lots has been approved by a House subcommittee after a six-minute hearing.
The measure sponsored by Republican Rep. Jeremy Faison of Cosby was advanced to the full House Civil Justice Committee on a voice vote on Wednesday.61. UPS abandons $6.9 billion takeover for TNT Express - Friday, January 11, 2013
AMSTERDAM (AP) — Shares in package delivery company TNT Express NV were knocked as much as 50 percent lower Monday on news that United Parcel Service Inc. has ditched its €5.2 billion ($6.9 billion) takeover of the struggling Dutch company, citing objections from European regulators.62. FedEx says it can grow by cutting costs - Friday, December 14, 2012
NEW YORK (AP) — FedEx may be pessimistic about the U.S. economy, but it's confident about growing its earnings.
The world's second-largest package delivery company, a bellwether for economic health because of the vast number and kinds of shipments it handles, lowered its economic forecast for the U.S., saying there remains a lot of uncertainty for the country.63. Stocks fall as sides snipe in 'cliff' talks - Friday, December 14, 2012
Stocks dipped Wednesday, recording their first loss of the week. President Barack Obama and Republicans in Congress sniped at each other, and a deadline to avoid sweeping tax increases and government spending cuts drew closer.64. FedEx 2Q earnings fall on weak air segment, Sandy - Friday, December 14, 2012
NEW YORK (AP) — FedEx, the world's second-largest package delivery company, posted a 12 percent decline in second-quarter profits Wednesday due to weakness in its air network and the impact of Superstorm Sandy.65. Haslam: Excluding campuses key to gun law deal - Friday, November 30, 2012
NASHVILLE (AP) - Republican Gov. Bill Haslam says the exclusion of college campuses is key to an agreement on a bill to allow employees to store their firearms in vehicles parked at work.
The governor told reporters after a speech to a Nashville Republican group on Tuesday that he expects lawmakers to craft a compromise on the measure that was the subject of much discord earlier this year.66. FedEx to offer buyouts with up to 2 years pay - Friday, November 30, 2012
NEW YORK (AP) — FedEx said Tuesday that it will be offering some employees up to two years' pay to leave the company starting next year.
The voluntary program is part of an effort by the world's second-biggest package delivery company to cut annual costs by $1.7 billion within three years.67. Nashville’s success is great for Music City - Friday, November 23, 2012
So Nashville has been picked up for a full season. While I leave entertainment reporting to my pal Brad Schmitt, the show, along with a number of other developments, must have Chamber of Commerce President Ralph Schulz, Mayor Karl Dean, his director of Economic and Community Development, Matt Wiltshire, along with Butch Spyridon, overcome with giddiness.68. What Middle Tennessee's stars accomplished - Friday, October 19, 2012
Eleven individuals and one team combined to make this a dream summer for area sports fans. Here's what they accomplished:
Nashville connections: Vanderbilt69. The boys of summer - Friday, October 19, 2012
Something wonderful happened for Nashville sports fans this summer. While the city’s country music stars belted out their smash songs on various downtown stages at the four-day CMA Music Festival, some of Nashville’s most gifted athletes produced an incredible array of hits all summer long on glittering stages across the globe.70. Dow falls 128, with Chevron and Alcoa leading way - Friday, October 05, 2012
NEW YORK (AP) — Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. The Dow Jones industrial average slumped 128 points, its steepest loss since late June.71. US Postal Service to default on second $5B payment - Friday, September 28, 2012
WASHINGTON (AP) — The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.72. Dow drops 100 after Fed official's warning - Friday, September 21, 2012
NEW YORK (AP) — A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.73. US stocks follow global markets lower - Friday, September 14, 2012
NEW YORK (AP) — A batch of worrying economic figures tugged stock markets down Thursday. Measures of manufacturing and business activity in both China and Europe slumped.
In the U.S., the railroad Norfolk Southern warned that it's shipping fewer goods, and the government gave investors another reminder that the job market remains weak.74. Stocks mixed after FedEx gives a glum outlook - Friday, September 14, 2012
Glum economic news from FedEx left stocks mixed on Tuesday.
The Dow Jones industrial average posted a slight gain, but other indexes fell. Declining stocks outnumbered those that advanced. And seven of the 10 industries tracked by the Standard & Poor's 500 index declined.75. Oil falls below $96 on economic worries - Friday, September 14, 2012
NEW YORK (AP) — The price of oil fell for a second day, as a major shipping company gave investors reason to question the strength of oil demand.
Benchmark crude closed down $1.33 to $95.29 Tuesday in New York, a drop of 1.4 percent. That followed Monday's decline of 2.4 percent, giving oil its biggest two-day percentage decrease in nearly two months.76. FedEx says economy is stalling, cuts outlook - Friday, September 14, 2012
NEW YORK (AP) — FedEx Corp. says the global economy is stalling, and it's going to get worse next year.
The conditions are shrinking earnings at the world's second-largest package delivery company. Factories are making fewer items for FedEx to ship and customers are opting for cheaper delivery options to save money.77. Stocks barely move; FedEx sinks on profit warning - Friday, August 31, 2012
NEW YORK (AP) — U.S. stock prices are closing mixed, held in check by a warning from the huge package delivery company FedEx that its profits would be hurt because of a slowdown in the global economy.78. Better statewide workforce training urged - Friday, August 17, 2012
MEMPHIS – Tennessee Gov. Bill Haslam has been hearing the same thing as he travels across the state holding forums on higher education.
Tennessee’s technology centers don’t have the equipment that employers want to see their workers trained on before they hire them.79. Matheny considers challenge of Harwell for House speaker - Friday, August 10, 2012
NASHVILLE (AP) - State Rep. Judd Matheny is mulling a challenge to House Speaker Beth Harwell for the top chamber's top leadership position, the Tullahoma Republican confirmed in an interview with The Associated Press.80. FedEx CEO gets pay package worth $13.7M - Friday, August 10, 2012
NEW YORK (AP) — FedEx says its founder and top executive Frederick W. Smith received total compensation worth $13.7 million in the most recent fiscal year, nearly double the pay package of a year earlier.81. FedEx to offer US staff buyouts in cost cut effort - Friday, August 10, 2012
NEW YORK (AP) — FedEx Corp. will soon begin offering buyouts to U.S. employees in an effort to cut costs.
The world's second largest package delivery company will focus on employees in its Express and Services units, it said Monday.82. Postal Service reports $5.2B loss in 3rd quarter - Friday, August 10, 2012
WASHINGTON (AP) — The nearly bankrupt U.S. Postal Service on Thursday reported losses of $57 million per day in the last quarter and warned it will miss another payment due to the U.S. Treasury, just one week after its first-ever default on a payment for future retiree health benefits.83. Internet group picks little-known executive as CEO - Friday, June 22, 2012
NEW YORK (AP) — A businessman with experience in building consensus will be the next CEO of the Internet agency in charge of contentious policies surrounding Internet addresses.
The Internet Corporation for Assigned Names and Numbers, which is pushing through a major change in the way Web and email addresses are structured and assigned, announced Fadi Chehade's appointment Friday. He will replace former U.S. cybersecurity chief Rod Beckstrom as chief executive.84. FedEx predicts slower earnings growth this year - Friday, June 15, 2012
NEW YORK (AP) — FedEx Corp. said Tuesday that a combination of higher costs and slow global growth will crimp its earnings results over the next 12 months.85. Tenn. Chamber of Commerce to replace president - Friday, June 08, 2012
NASHVILLE (AP) — The Tennessee Chamber of Commerce is replacing its president following two years of spirited legislative debate over business measures ranging from firearms at the workplace to discrimination against gay employees.86. DVL partner named 2012 silver medalist - Friday, May 25, 2012
Nelson Eddy, partner and creative director at DVL Public Relations & Advertising, has been named Silver Medalist for 2012 by the Nashville chapter of the American Advertising Federation.87. Haslam's 2nd legislative session no slam dunk - Friday, May 04, 2012
NASHVILLE (AP) — In the months following his first legislative session, freshman Gov. Bill Haslam frequently boasted in speeches about earning unanimous approval of his budget plan and a near perfect record with his legislative agenda.88. Critics bemoan contentious social legislation - Friday, May 04, 2012
NASHVILLE (AP) - Republican leaders coordinated in the recent legislative session to pass new laws that spotlight Tennessee's business-friendly reputation, while a spurt of social issue measures from lawmakers have critics arguing the state looks so backward it will hurt economic development.89. Tenn. lawmakers end session dominated by guns, sex - Friday, May 04, 2012
NASHVILLE (AP) - Tennessee lawmakers have concluded the 107th General Assembly that was dominated by debates over guns, classroom instruction about sex and Gov. Bill Haslam's efforts to overhaul state government operations.90. House panel kills guns bill, NRA pushes floor vote - Friday, April 20, 2012
NASHVILLE (AP) — A House committee voted Tuesday to kill a guns measure that has pitted firearms advocates against business groups.
The bill backed by the National Rifle Association would allow anybody with a state-issued handgun carry permit to store loaded guns in vehicles parked on company lots — regardless of their employers' wishes.91. House panel kills guns bill, NRA pushes floor vote - Friday, April 20, 2012
NASHVILLE (AP) - A House committee voted Tuesday to kill a guns measure that has pitted firearms advocates against business groups.
The bill backed by the National Rifle Association would allow anybody with a state-issued handgun carry permit to store loaded guns in vehicles parked on company lots - regardless of their employers' wishes.92. Haslam says parking lot guns bill likely dead - Friday, April 20, 2012
NASHVILLE (AP) — Republican Gov. Bill Haslam said Tuesday that both chambers of the Legislature have taken "significant" steps toward defeating a bill to allow workers to store weapons in cars parked on company lots regardless of their employers' wishes.93. Senate rejects rollback of Tenn discrimination law - Friday, March 30, 2012
NASHVILLE (AP) - A Senate panel has rejected efforts to roll back a bill barring local governments from enacting stricter anti-discrimination standards than those held by the state.
The State and Local Government committee on Tuesday voted 6-2 against the bill sponsored by Democratic Senate Minority Leader Jim Kyle of Memphis.94. Guns in parking lots measure sent for Senate vote - Friday, March 23, 2012
NASHVILLE (AP) - A measure to eliminate the rights of businesses, schools and universities to bar employees from storing firearms in parked vehicles is headed for a full Senate vote.
The Senate Judiciary Committee voted 6-1 on Tuesday to advance the bill after Chairwoman Mae Beavers, R-Mount Juliet, refused a request to hear from representatives of FedEx Corp. or other large employers that oppose the bill.95. Stocks bounce around on global economic worries - Friday, March 23, 2012
NEW YORK (AP) — Stocks are bouncing between small gains and losses as investors weigh the prospects of a global economic slowdown even as several U.S. companies report strong earnings.
Oil prices are continuing to march higher, which could hurt consumer spending. A decline in new home sales suggested that the U.S. real estate market hasn't emerged from its slump.96. Stocks open lower on slowing growth in China - Friday, March 16, 2012
NEW YORK (AP) — Stocks are lower on more signs that China's economy is weakening and Europe is slowing.
Oil prices dropped 2 percent to their lowest level in a week after the reports of a possible global slowdown. That hurt oil stocks: Alpha Natural Resources, Consol Energy and Cliffs Natural Resources were all down 4 percent.97. FedEx profit more than doubles in fiscal 3rd qtr - Friday, March 16, 2012
NEW YORK (AP) — FedEx Corp. said Thursday its profit between December and February more than doubled as its ground and freight segments shipped more packages and charged higher prices.
In its fiscal third quarter, the world's second-largest package delivery company earned $521 million or $1.65 per share, compared with $231 million, or 73 cents per share, a year earlier.98. NRA aims to shoot down parking lot gun exceptions - Friday, March 02, 2012
NASHVILLE (AP) — The National Rifle Association is pressuring Republican lawmakers to abandon limits on a bill that would let workers store firearms in vehicles parked on their employers' lots.99. Stocks open higher as unemployment claims decline - Friday, January 13, 2012
NEW YORK (AP) — Stocks rose in midday trading Thursday after a decline in applications for unemployment benefits and strong earnings reports from Bank of America and Morgan Stanley.
The Dow Jones industrial average rose 35 points to 12,613 shortly after noon.100. UPS, FedEx holiday package volume up from 2010 - Friday, December 16, 2011
LOUISVILLE, Ky. (AP) — Tiera Washington's workload doubled during the holiday rush at UPS' largest air hub, where seemingly endless streams of packages are sorted and shipped as the peak season puts the package delivery company to the test.