By DAVID KOENIGAP Business Writer
DALLAS (AP) - FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
FedEx said 3,600 employees will take voluntary buyouts and nearly half of
By JENNIFER C. KERRAssociated Press
WASHINGTON (AP) - The Justice Department violated its own rules when it secretly seized records for thousands of phone calls to and from journalists for The Associated Press as part of a leak investigation, the head of the company said Wednesday.
AP President and
LONDON (AP) - Britain's Supreme Court quashed sanctions against an Iranian bank penalized over its alleged links to Iran's nuclear weapons program, saying Wednesday that Bank Mellat had been arbitrarily singled out.
Bank Mellat, a privately owned commercial bank, was seeking to overturn a
By PHILIP ELLIOTTAssociated Press
WASHINGTON (AP) - A bipartisan compromise on student loans started to take shape in the Senate on Wednesday linking interest rates to the financial markets. If approved, it would prevent rates for new borrowing from doubling in coming days.
Students from lower-
NEW YORK (AP) - George Zimmer, the ousted founder and executive chairman of Men's Wearhouse, says Wednesday he was dismissed after he and the company's board disagreed about how it should look.
In a statement released to CNBC following his termination, Zimmer says he expressed concerns to
GENEVA (AP) - Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that would have helped the country's banks avoid facing U.S. criminal charges for shielding tax cheats.
By The Associated Press
NEW YORK (AP) - The price of oil fell slightly Wednesday as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities.
Oil swung in a range of about $1 after the Fed delivered a mixed message: The central
By SARAH DiLORENZOAssociated Press
LE BOURGET, France (AP) - Unmanned aircraft have helped rescue stranded hikers, worked to contain wildfires and gathered data at nuclear accidents. One helped a Russian tanker find its way through Arctic ice to bring oil to a stranded Alaskan community.
NEW YORK (AP) - Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve.
The Dow Jones industrial average was down 10 points, or 0.1 percent, at 15,307 at midday Eastern Daylight Time Wednesday.
The Standard & Poor's 500 index
JERUSALEM (AP) - Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected.
The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-
UPDATE: Authorities say that a tan SUV was heading west on 35th on Wednesday afternoon when the driver ran a stop sign at Freya. A blue SUV that was headed south on Freya hit the tan SUV causing the vehicle to flip over.
There were two people in the overturned SUV, a woman and a little girl. They
AMMON, Idaho (AP) - Officials with the Bonneville County sheriff's department say a 21-month-old southeastern Idaho girl has died after she was left in a vehicle. A news release says deputies and paramedics were called shortly after 5:15 p.m. Tuesday to a residence in Ammon,
SPOKANE, Wash. (AP) - The man accused of strangling his girlfriend and putting her body in a tub of acid at a Nine Mile Falls home pleaded not guilty Tuesday to a murder charge in Spokane.
The trial for 27-year-old Jason Hart is set for Aug. 12.
He's accused of killing 33-year-old Regan