FedEx Corp. Chief Executive Fred Smith took a tough line with e-commerce companies on Wednesday, saying they need to shape up sloppy shipping practices or risk losing customers. On Wednesday, FedEx said severe weather shaved $125 million off of its fiscal third-quarter profit, pushing earnings well below even scaled-back analyst …
Read More »UPDATE 2-Icahn changes course, urges eBay to sell 20 pct of PayPal – Reuters
UPDATE 2-Icahn changes course, urges eBay to sell 20 pct of PayPalReutersIn his latest missive to fellow eBay shareholders, he said selling off only part of PayPal would retain the benefits of a stand-alone PayPal while maintaining the efficiencies of having eBay and PayPal together. "A partial separation of PayPal …
Read More »Carl Icahn to eBay: ‘Ultimately truth will win out’ – SiliconBeat
Carl Icahn to eBay: 'Ultimately truth will win out'SiliconBeatThe pull-no-punches spat between ecommerce tech company eBay and activist investor Carl Icahn took a turn from nasty to blistering on Tuesday when Icahn issued an open letter to stockholders that calls the eBay board liars, its advisers unethical and … More: …
Read More »Icahn calls on eBay to sell 20 percent of PayPal in an IPO – Reuters India
Icahn calls on eBay to sell 20 percent of PayPal in an IPOReuters IndiaREUTERS – Activist investor Carl Icahn on Wednesday called on eBay Inc (EBAY.O) to sell 20 percent of its PayPal payments unit in an initial public offering, in his lattest missive to shareholders. Icahn in January called …
Read More »BRIEF-Icahn calls for eBay to sell 20 pct of PayPal in an IPO – Reuters
BRIEF-Icahn calls for eBay to sell 20 pct of PayPal in an IPOReutersMarch 19 (Reuters) – Icahn Enterprises LP : * Car Icahn says eBay Inc could "easily" sell 20 percent of paypal in. an IPO * Says 20 October IPO structure "should alleviate any concern of lost. synergies" * …
Read More »Icahn pushes eBay to sell 20% of Paypal via IPO – CNET
CNET Icahn pushes eBay to sell 20% of Paypal via IPOCNETOver the last few weeks, we have raised a number of troubling questions regarding corporate governance at eBay. Sadly, in our opinion, these questions have never been adequately answered by eBay. Now, we have given a basic overview of the …
Read More »Winter storms hit FedEx's quarterly results, outlook
FedEx Corp on Wednesday said severe winter conditions had hurt quarterly earnings and revenue, prompting the world's No. 2 package delivery company to cut its fiscal-year profit forecast. The unusual weather disrupted operations, reduced shipping volumes and increased costs, decreasing operating income by about $125 million in the third quarter …
Read More »Winter Disrupts FedEx Q3 Earnings
FedEx reported quarterly adjusted earnings of $1.23 per share missed the Zacks Consensus Estimate. More: continued here
Read More »Icahn changes course, urges eBay to sell 20 percent of PayPal – Reuters
Forbes Icahn changes course, urges eBay to sell 20 percent of PayPalReuters(Reuters) – Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spinoff. Icahn …
Read More »FedEx Posts 3Q Miss as Winter Storms Hurt Volumes
The shipping company's third-quarter earnings edged 4.7% higher, but FedEx missed Wall Street estimates as poor weather dragged down volumes. More: continued here
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