The 4th Circuit unanimously affirmed on Wednesday a jury award of $100,000 in punitive damages against FedEx for discriminating against a former package handler who is deaf. The appeals court rejected FedEx’s arguments that the punitive damages were excessive and that FedEx managers had made good-faith efforts to comply with the Americans with Disabilities Act.
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The logistics giant nudges its payout higher by a penny. More: continued here
While the FedEx Cup playoffs are sure to offer plenty of excitement, our writers offer their ideas to improve the current model. More: continued here
Adds voice to bipartisan warning on national security threat of rising oil prices stoked by unrest in North Africa and the Mideast. More: continued here
FedEx Express has commenced direct service to Colombia and will create more than 200 jobs in the country over the next two years. More: continued here
ATLANTA (AP) – Winning the $10 million for the FedEx Cup remains a long shot for Kenny Perry. Winning the Tour Championship became a far greater possibility Saturday after his 6-under 64 gave him a two-shot lead over Tiger Woods. More: continued here
FedEx Corp posted a 14 percent rise in quarterly profit on Wednesday on stronger margins and cost cuts, but results missed Wall Street estimates, which overshadowed the company's confident forecast for the holiday shopping season. Wall Street analysts expressed disappointment at the slight dip in revenue at the express delivery business, FedEx's biggest unit. Average…