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FedEx Beats Profit Expectations, But Provides a Downbeat Outlook

Wed, 03/18/2015 - 7:45am
FedEx Corp.'s stock was little changed in premarket trade Wednesday, after the package-delivery giant's better-than-expected fiscal third-quarter profit was offset by a slight revenue miss and a downbeat earnings outlook.
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FDA Approves Retrophin's Cholbam For Rare Bile Acid Synthesis Disorders

Wed, 03/18/2015 - 7:44am
The U.S. Food and Drug Administration approved Retrophin Inc.'s Cholbam for the treatment of rare bile acid synthesis disorders caused by single enzyme defects, the company announced on Wednesday.
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US sets new record for denying, censoring federal files under open government law

Wed, 03/18/2015 - 7:43am
For the second consecutive year, the Obama administration more often than ever censored government files or outright denied access to them under the U.S. Freedom of Information Act, according to a new analysis of federal data by The Associated Press.
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FedEx beats 3Q net income expectations, misses revenue forecasts

Wed, 03/18/2015 - 7:42am
FedEx Corp. (FDX) on Wednesday reported fiscal third-quarter profit of $580 million.
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Former Connecticut Gov. Rowland faces sentencing for political consulting scam

Wed, 03/18/2015 - 7:39am
When former Connecticut Gov. John Rowland is sentenced for a second time, federal prosecutors are expected to urge a judge to impose a nearly four-year prison term that they said in court documents would "finally and fully" address Rowland's "troubling personal history." Rowland's lawyers, meanwhile, insist he should never have faced criminal charges and are expected to appeal the convictions.
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Report: NYC's commuting time, work hours make for longest work week among 30 biggest US cities

Wed, 03/18/2015 - 7:38am
Between commuting time and work hours, New York City residents have the longest work weeks among the country's 30 biggest cities, city Comptroller Scott Stringer said in a report released Tuesday.
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Mexico City to close some streets in historic downtown for filming James Bond 'Sepctre' film

Wed, 03/18/2015 - 7:37am
Officials in Mexico City says they will close off some parts of the historic downtown district to allow a production team to film parts of the new James Bond thriller "Spectre." The city of 8 million people is known for its heavy traffic, which might otherwise interfere with filming.
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Jefferies Lifts Apple Price Target, Citing IPhone Demand In China

Wed, 03/18/2015 - 7:01am
Jefferies on Wednesday raised its price target on Apple Inc. shares to $130 from $124 and said it expects iPhone demand in China to drive a 10% per-share earnings beat in the second fiscal quarter.
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Minutes to last meeting show Bank of England policymakers were unanimous in keeping rates low

Wed, 03/18/2015 - 6:24am
Bank of England policymakers voted unanimously at their meeting this month to keep interest rates at a record low 0.5 percent even as the economy continues to expand.
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China stocks at 7-year high on stimulus hopes as other world benchmarks brace for Fed

Wed, 03/18/2015 - 5:45am
Chinese stocks jumped to the highest level in seven years Wednesday as investors bet authorities will unleash new economic stimulus while other world indexes were uneven before the conclusion of a key Federal Reserve meeting.
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2 ex-Freedom employees to make pleas on pollution charges in West Virginia chemical spill case

Wed, 03/18/2015 - 5:23am
Two former employees at Freedom Industries are due in federal court for plea hearings on pollution charges stemming from a chemical spill in Charleston, West Virginia.
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Spain's Inditex sees 2014 profit up 5 percent as sales in Zara and other stores surge

Wed, 03/18/2015 - 5:06am
Spanish fashion retailer Inditex, which owns Zara stores, says its net profit rose by 5 per cent in 2014 following a surge in sales.
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Kraft Recalls 242,000 Cases Of Mac & Cheese Dinners

Wed, 03/18/2015 - 5:02am
Kraft Foods Group [s:krft] is voluntarily recalling around 242,000 cases of Kraft Macaroni & Cheese Dinner, saying there's a chance they contain small metal pieces, the company said late Tuesday.
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Lufthansa pilot union's strike grounds some 750 flights, affects 80,000 passengers

Wed, 03/18/2015 - 4:09am
Hundreds of flights have been canceled in a strike by Lufthansa pilots at the German airline's short- and medium-haul operations — the latest in a string of walkouts.
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Supporters of higher minimum wage hail judge's decision not to block part of Seattle wage law

Wed, 03/18/2015 - 3:27am
Supporters of higher pay for minimum wage workers hailed a federal judge's decision clearing the way for Seattle's new minimum wage law to take effect as planned next month.
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Senate GOP to offer budget plan while House GOP seeks to boost military, cut social programs

Wed, 03/18/2015 - 3:20am
Senate Republicans are putting down a marker with their budget blueprint, one day after the House GOP unveiled a 10-year plan that boosts the military, makes deep cuts in social programs and targets President Barack Obama's laws on health care and financial reforms.
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Fastest way to an airline executive's heart is with a model plane; just don't tell his wife

Wed, 03/18/2015 - 3:01am
In America, businessmen shake hands.
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Moonshots at Google and gender bias in tech are top topics as South by Southwest wraps up

Wed, 03/18/2015 - 3:01am
Music flooded into the streets around Austin's convention center as South by Southwest's music festival kicked off and the interactive portion wrapped up.
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Penn State: Frat members who posted nude Facebook photos of women will be held accountable

Wed, 03/18/2015 - 2:44am
A Penn State official says the university intends to hold accountable the fraternity members who used a private, invitation-only Facebook page to post photos of nude and partly nude women, some apparently asleep or passed out.
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Travel company starts first direct charter flights between New York City and Havana, Cuba

Wed, 03/18/2015 - 1:38am
The first direct charter flights between New York City and Cuba are now taking off.
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