Sept. 17 (Bloomberg) — U.S. stocks fell, pulling benchmark indexes down from 11-month highs, on concern the market’s recent rally outpaced prospects for earnings growth as FedEx Corp. and Oracle Corp. reported sales that missed analysts’ estimates.
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NEW YORK (AP) – FedEx Corp. indicated that the global economic recovery remains uneven. While strength in international shipments is boosting net income, FedEx is cutting 1,700 jobs in its U.S. freight business to offset losses there. The world’s second-largest package delivery company did raise its financial outlook after as it said first-quarter net income…
Evercore ISI Downgrades eBay (EBAY) to SellStreetInsider.com (subscription)In this report, we examine eBay's PayPal, ultimately concluding that its increased competitive risks outweigh potential rewards. The result is a lower rating on a more conservative eBay valuation ($49 from $52), which reflects below-consensus estimates.". More: continued here
FedEx Corp. (FDX) Has Climbed To Over A 5-Month High More: continued here
Irish Times Painting resurfaces on eBay after a centuryIrish TimesA century after it disappeared, an important Irish painting has been found — on eBay. John Mulvany's The Battle of Aughrim was last seen in Denver in 1914, …The great Irish painting that turned up on eBayIrish Timesall 2 news articles » More: continued here
FedEx Corp is to offer some U.S.-based employees voluntary redundancy as tough times hurt shipping volumes and customers demand cheaper delivery options. The job cuts follow a warning from the company … More: continued here
Jimmie Johnson may be the favorite to win the FedEx 400, but Kyle Busch will certainly factor into the outcome Sunday. Seven arduous months. A stretch of races filled with frustration and wonderment if the losing streak was ever going to come to an end. Endless questions about a run of unprecedented futility. Such is…