FedEx 4Q results bode well for economy

FedEx 4Q results bode well for economy By CHRIS KAHN The Associated Press Published Jun 22, 2011 07:33AM MDT New York • FedEx Corp. says the global economy will continue to see moderate growth as fuel and other costs subside. The world’s second-largest package delivery company said Wednesday it overcame …

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As profit rises 32%, FedEx is optimistic

FedEx Corp. , the second-largest package-shipping company, said quarterly profit excluding some items rose 32 percent from a year earlier to $1.75 a share. Analysts surveyed by Bloomberg estimated $1.72, on average. FedEx said it expects global economic growth to continue. Analysts consider FedEx and UPS Corp. results important economic …

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eBay buys mobile payments provider Zong to boost PayPal

eBay (EBAY) has agreed to purchase mobile payments provider Zong for $240 million in cash, the San Jose online auction powerhouse announced Thursday.Zong, based in Menlo Park, lets users charge purchases to their phone bill and is accepted at more than a thousand digital merchant sites, including More: continued here

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