FedEx Results Boosted by E-Commerce Growth
FedEx Corp. Chief Executive Frederick Smith said the cost of e-commerce must go up to help support needed expansion to handle the flood in packages. “The e-commerce sector, while it’s important to FedEx, it is only a part of our business,” Mr. Smith said in an interview with The Wall Street Journal. Nonetheless, Mr. Smith continued, “tradition—if not the market—requires that we make a profit on it.” Mr. Smith’s remarks came...>> view originalVolkswagen Emissions Scandal: US Law Firm Seeks Meeting With German Automaker To Negotiate Compensation
A U.S. law firm’s office in Germany is seeking to meet the management of Volkswagen by the end of March to begin negotiation of a settlement for German and European consumers affected by the automaker’s emissions scandal, the Wall Street Journal reported. Washington-based Hausfeld LLP reportedly sent a letter dated March 15 to Volkswagen CEO Matthias Müller and Supervisory Board Chairman Hans Dieter Pötsch.Chairman Michael Hausfeld and his firm’s German partner, Christopher Rother, reportedly re..>> view originalJapan Reports Biggest Trade Surplus in Over 4 Years in Feb
TOKYO — Japan reports that it posted its biggest trade surplus in over four years in February, thanks to a strengthening in the yen and weak oil prices.The 242.8 billion yen ($2.2 billion) surplus reported Thursday compares with a deficit of 426 billion yen a year earlier and a deficit of 648.8 billion yen in January.It was the biggest surplus since September 2011.However, both exports and imports fell, suggesting persisting weakness in demand both in Japan and overseas.Surging oil and gas i..>> view originalUS factory output picks up in February for 2nd month
WASHINGTON >> U.S. factories produced more machinery, appliances and other goods last month, the second straight increase in output and a sign manufacturing may be stabilizing after a difficult year.The Federal Reserve said Wednesday that factory production rose 0.2 percent in February, after rising 0.5 percent the previous month. The increases in the past two months follow four declines in the previous five months.The gains suggest that U.S. manufacturers are overcoming challenges from the st..>> view originalFed Slows Down on Plans to Pursue Interest Rate Increases
Continue reading the main story Video Fed Will Hold Interest Rates Steady Janet Yellen, the chairwoman of the Federal Reserve, said that its interest rates would stay the same for now but that growth this year could allow them to increase. By REUTERS on Publish Date March 16, 2016. Photo by Manuel Balce Ceneta/Associated Press..>> view originalCOHERENT Enters into Agreement to Acquire ROFIN-SINAR - Virtual
SANTA CLARA, Calif. and PLYMOUTH, Mich. and HAMBURG, Germany, March 16, 2016 /PRNewswire/ -- Coherent, Inc. ("Coherent") (NASDAQ:COHR), a world leader in lasers and laser-based technology for scientific, commercial and industrial customers, and ROFIN-SINAR Technologies, Inc. ("ROFIN") (NASDAQ:RSTI), one of the world's leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components, today announced that their Boards of Directors have una..>> view originalChipotle Plans to Expand Burrito Giveaway Campaign
Chipotle has plans to expand its burrito giveaway, part of its campaign to persuade people that its food is safe. After an E. coli outbreak and other health scares sent sales plunging, the chain made plans to give away more than 20 million burritos via coupons or mobile offers. “It was kind of eerie — and we’d hear this from customers,” who would walk by a once-busy restaurant and see “now there’s no line whatsoever,” said John R. Hartung, Chipotle’s chief financial officer. He said it was impo..>> view originalAmgen Bests Regeneron in Patent Fight Over Cholesterol Drugs
Amgen Inc. won a legal victory over Regeneron Pharmaceuticals Inc. in an intellectual property battle over their cholesterol-reducing drugs. Regeneron said it would appeal the decision.A federal jury in Wilmington, Delaware, rejected Regeneron’s challenges and ruled in Amgen’s favor that two of its patents on its drug, Repatha, were valid, according to a statement Wednesday from Regeneron and its partner Sanofi. Amgen rose less than 1 percent to $143.97 at 3:32 p.m. in New York. Regeneron rose ..>> view originalNike unveils its first self-lacing sneaker
An image of the Nike HyperAdapt 1.0 is projected on a screen as Nike CEO Mark Parker speaks during a news conference, Wednesday, March 16, 2016, in New York. (Mary Altaffer/Associated Press) By Anne D'Innocenzio | AP March 16 at 8:11 PM NEW YORK — Forget about slipping out of your shoes because of loose laces or feeling pressure from too-tight tying when doing those sprints. Nike Inc. has unveiled its first power-lacing sneaker — it allows users to make the fit looser or snugger on the f..>> view originalUPDATE 1-Ackman sells part of Mondelez stake, has no plans for other sales
(Adds details on performance, letter)By Svea Herbst-BaylissBOSTON, March 16 Billionaire investor William Ackman adjusted his battered hedge fund portfolio on Wednesday when he sold 20 million shares of snack maker Mondelez International, one day after another key holding, Valeant Pharmaceuticals, lost half of its value.In a three paragraph letter sent to investors after the close of trading on Wednesday and seen by Reuters, Ackman said his firm, Pershing Square, has no plans to sell other inve..>> view original
Thursday, March 17, 2016
FedEx Results Boosted by E-Commerce Growth and other top stories.
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