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.
3. 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.
4. 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.5. 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.6. 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.7. 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.8. 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.
9. 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.10. 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.
11. 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.12. 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.13. 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.14. 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.15. 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.16. 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.
17. 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.
18. 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.19. 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.
20. 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.21. 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.22. 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.23. 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.
24. 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.
25. 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.26. 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.27. 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.28. 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.29. 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.30. 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.31. 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.32. 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.33. 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.34. 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.35. 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: 42.36. 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.37. 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.38. 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.39. 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.40. 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.41. 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.42. 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.43. 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.44. 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: Vanderbilt45. 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.46. 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.47. 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.48. 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.49. 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.50. 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.51. 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.52. 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.53. 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.54. 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.55. 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.56. 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.57. 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.58. 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.59. 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.60. 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.61. 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.62. 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.63. 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.64. 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.65. 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.66. 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.67. 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.68. 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.69. 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.70. 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.71. 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.72. 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.73. 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.74. 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.75. 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.76. 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.77. FedEx earns, drop in claims push stocks higher - Friday, December 09, 2011
NEW YORK (AP) — Strong earnings from FedEx and a sharp drop in claims for unemployment benefits are sending stocks higher in early trading.
The Dow Jones industrial average jumped 119 points, or 1 percent, to 11,943 in the first minutes of trading Thursday. The Dow is coming off of three days of declines on worries about Europe's debt crisis.78. Wall Street futures modestly higher - Friday, December 09, 2011
NEW YORK (AP) — U.S. stocks futures are up modestly as FedEx Corp.'s earnings beat expectations and ahead of several economic reports.79. FedEx 2Q soars on strong online holiday sales - Friday, December 09, 2011
NEW YORK (AP) — FedEx nearly doubled its second-quarter net income, the company said Thursday, as strong sales boosted deliveries to homes.
The Memphis, Tennessee, company earned $497 million, or $1.57 per share, compared with $283 million, or 89 cents per share a year earlier. Last year's quarter included 27 cents in charges related to a business unit combination and legal reserve.80. FedEx projecting busiest day ever on today - Friday, December 09, 2011
MEMPHIS (AP) — FedEx expects to have its busiest day ever Monday with a projected 17 million shipments globally, almost double the usual daily amount.
The previous record was 15.6 million shipments last Dec. 13.81. First-class mail: Just a little bit s-l-o-w-e-r - Friday, December 02, 2011
WASHINGTON (AP) — Already mocked by some as "snail mail," first-class U.S. mail will slow even more by next spring under plans by the cash-strapped U.S. Postal Service to eliminate more than 250 processing centers. Nearly 30,000 workers would be laid off, too, as the post office struggles to respond to a shift to online communication and bill payments.82. TNInvestco’s future may rest with current governor - Friday, November 04, 2011
Tennessee’s TNInvestco program emerged amid much fanfare from former Gov. Phil Bredesen’s administration after Matt Kisber, then commissioner of the Department of Economic and Community Development (ECD), joined with the state General Assembly to create legislation to boost the stream of capital to the state’s inventive new companies that are in the early stage of development.83. More documents sought in anti-discrimination case - Friday, October 28, 2011
NASHVILLE, Tenn. (AP) — Lawmakers trying to quash subpoenas seeking information that might reveal details about why they voted for a measure that overturned Nashville's anti-discrimination ordinance have released 2,200 documents, but plaintiffs' attorneys said Monday they aren't satisfied.84. FedEx sees global slowdown, cuts profit outlook - Friday, September 23, 2011
NEW YORK (AP) — FedEx Corp. says consumers are putting off purchases of electronics and other gadgets from China, another example of the global economic slowdown that's prompting fears of another recession.85. Oil falls sharply on global economic worries - Friday, September 16, 2011
NEW YORK (AP) — Oil prices tumbled 5 percent Thursday after some of the world's top financial officials gave a gloomy reading on the international economy.
Oil, a bellwether that tracks the market's mood, has dropped 29 percent since April as high unemployment, weak consumer confidence and expensive gasoline slowed down global growth.86. FedEx cuts fiscal year forecast on slowing growth - Friday, September 16, 2011
NEW YORK (AP) — FedEx is cutting its earnings expectations for the fiscal year ending in May due to slowing global economic growth.
The Memphis-based company said today it now expects to earn between $6.25 and $6.75 per share for fiscal 2012, compared with a previous estimate of $6.35 to $6.85 per share. FactSet says analysts expect $6.39 per share.87. Economists cut growth forecasts for 2011 and 2012 - Friday, September 09, 2011
WASHINGTON (AP) — Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year.
In their latest forecast, top economists with the National Association for Business Economics predict that the economy will grow 1.7 percent this year — down from the group's May prediction of 2.8 percent expansion. For 2012, the group is forecasting growth of 2.3 percent, compared to a May forecast of 3.2 percent growth.88. Shutdown of transportation programs possible - Friday, August 26, 2011
WASHINGTON (AP) — Bills necessary to avoid shutdowns of federal transportation and aviation programs are high on Congress' to-do list when it returns to work next week.
President Barack Obama says as many as 1 million jobs are at risk without action.89. Driver's license offices seek to cut wait times - Friday, August 05, 2011
NASHVILLE (AP) - A new requirement that Tennessee voters must have photo identification is putting more pressure on driver's license examining stations to cut wait times.
The administration of Gov. Bill Haslam is moving to improve the efficiency of the Driver Services Division of the Tennessee Department of Safety. A pilot program is under way in Davidson County and the aim is to reduce the time people wait to receive service from an average of 50 minutes to 30 minutes.90. FedEx 4Q net income rises 33 percent - Friday, June 17, 2011
NEW YORK (AP) — FedEx Corp. expects the global economy to hit a higher gear later this year as fuel prices retreat from three-year highs and the Japanese economy recovers. While much of the growth will be driven by China and other developing nations, FedEx said the U.S. economy will improve as well.91. Haslam: Leave discrimination policies to companies - Friday, May 20, 2011
NASHVILLE (AP) — Gov. Bill Haslam said Wednesday that he encourages businesses to adopt policies banning discrimination against gay and lesbian employees, but that he doesn't believe local governments should be able to require those guidelines before companies can contract with them.92. Protect, enhance brand by outsourcing social media - Friday, April 22, 2011
Feedback is not like it used to be, says Shauna Wright. There was a time when a bad experience with a company meant telling a neighbor or a few friends, but in today’s ever-shrinking world, those friends can be a thousand miles away and number in the hundreds.93. Haslam refocuses economic development, lays off 60 - Friday, April 15, 2011
NASHVILLE (AP) — Sixty employees will be laid off at the state Department of Economic and Community Development as part of an overhaul of the agency's mission, Gov. Bill Haslam announced Wednesday.94. FedEx fiscal 3Q earnings fall on weather, fuel - Friday, March 11, 2011
NEW YORK (AP) — FedEx says its fiscal third quarter earnings fell 3 percent because of rising fuel prices and harsh winter weather.
FedEx Corp. is forecasting full-year earnings within Wall Street's expectations, but on Thursday warned that earnings could be trimmed by ongoing Middle East turmoil and fuel costs. The impact of the earthquake and tsunami in Japan is not yet known.95. Study finds women underrepresented in big Tennessee firms - Friday, February 18, 2011
NASHVILLE (AP) — A study has found that women remain underrepresented in corporate leadership posts at publicly traded companies in Tennessee.
The report found that more than 91 percent of the 617 corporate directors were men at a time when women made up 48 percent of the Tennessee work force. Of the 72 public corporations, 46 percent had no women directors.96. Heir Bud - Friday, January 21, 2011
As he turned 88 this month, Tennessee Titans owner K.S. “Bud” Adams Jr. didn’t mind letting players, coaches, fans and media know he s still in control of the organization.
In a span of a week, Adams ended Vince Young’s tenure as quarterback and announced Jeff Fisher would return next year to coach his 17th full season.