FedEx Raises Forecast, Stock Climbs
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FedEx Corp. FDX.N on Monday raised  its earnings forecast for the fiscal first quarter and full  year due to strong demand in several of its businesses despite  concerns about the slowing growth in the U.S. economy.
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NEW YORK - FedEx Corp. Monday raised its earnings forecast for the first quarter ending this month and for the full fiscal year, citing strong demand for its international express, ground and less-than-truckload services.
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Stock index futures indicated a stronger start on Wall Street on Tuesday, taking a cue from a rise in European shares and base and precious metal prices.
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U.S. stock futures soared on Friday,  indicating the market would open higher, after October jobs  data showed a higher-than-expected increase, a positive sign  for U.S. economic growth.
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U.S. stocks rose on Wednesday as the government raised its estimate of third-quarter economic growth, while shares of Exxon Mobil Corp.  and telecoms advanced on expectations of solid profits.
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Stock index futures added to gains on Tuesday as government data showed a stronger-than-expected rise in orders for durable goods in December, helping the outlook for business spending.
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Package delivery company FedEx Corp.  said on Wednesday its quarterly net profit rose despite slowing U.S. economic growth, with gains in its express, freight and ground delivery units.
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Stock index futures rose on Wednesday on higher-than-expected earnings, but traders are likely to take their cues from Federal Reserve Chairman Ben Bernanke, who testifies before a congressional committee.
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Package delivery company FedEx Corp   on Thursday said quarterly profit rose despite a  slowing U.S. economy, but lowered its full-year earnings  outlook, sending its shares down more than 2 percent.
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FedEx Corp  on Thursday reported higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down nearly 2 percent.
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Stocks opened higher on Tuesday as another interest rate cut from the Federal Reserve this week seemed likely, while data showing a higher-than-expected rise in orders of durable goods last month eased some economic worries.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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NEW YORK - U.S. stocks are seen opening higher at the open Tuesday after a slight gain in Monday's session...
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U.S. stocks rose on Monday as a flurry of corporate deal news fueled optimism about the economic outlook, but caution a day before the Federal Reserve's final meeting of the year limited a broader market advance.
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Stocks gained on Tuesday as data showing a higher-than-expected rise in orders of durable goods last month eased some economic worries, helping shares of major manufacturers.
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Wall Street stocks are poised to push  higher at the start of Wednesday trade, buoyed by a batch of  merger activity, as investors shake off cautionary comments  from the U.S. Federal Reserve.
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FedEx Corp. raised first-quarter and fiscal 2005 earnings guidance on Monday, citing strong demand across international express, ground and less-than-truckload services.