FedEx Beats Estimates, Orders 27 Boeing 767s

MEMPHIS TheStreet) — FedEx beat estimates as second-quarter net income rose 76%. The company also announced new deals with Boeing, ordering 27 new 767 jets but delaying delivery of new 777s due to diminished shipping from Asia. For the fiscal second quarter, which ended Nov. 30, net income was $497 …

Read More »

NJ’s Richest County Leads Food Stamp Rise – Bloomberg

NJ's Richest County Leads Food Stamp RiseBloombergThe percentage of US households using food stamps has more than doubled in six of the 10 wealthiest counties in the nation as more residents find themselves out of work and unable to sell their homes. The increase among counties with more than 65000 …

Read More »

FedEx profit beats Street, updating Boeing fleet

(Reuters) – FedEx Corp reported a higher-than-expected quarterly profit and is updating its fleet with 27 new fuel-efficient Boeing aircraft to cut costs, driving its shares up as much as 5 percent. The company also said it is deferring delivery of some Boeing freighter aircraft, adjusting for slowing volume out …

Read More »

Postal Service waits on Alaska office closures – BusinessWeek

Illinois Times Postal Service waits on Alaska office closuresBusinessWeekBy BECKY BOHRER The US Postal Service is imposing a five-month moratorium on closing facilities, meaning five Alaska post offices are safe — for now. Agency spokesman Ernie Swanson said Tuesday that the waiting period, set to end in May, …Ohio senator …

Read More »

Richest NJ County Leads Rise in Food Stamp Recipients – Bloomberg

Bloomberg Richest NJ County Leads Rise in Food Stamp RecipientsBloombergBy Elise Young and Frank Bass – Thu Dec 15 05:00:30 GMT 2011 A social worker with displays a Federal food stamps card. Photographer: Joe Raedle/Getty Images New Jersey's Hunterdon County, the hilly region of horse farms and weekend retreats where …

Read More »

FedEx 2Q soars on strong online holiday sales

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 … More: continued here

Read More »