Stocks edge lower ahead of Federal Reserve policy decision

NEW YORK (AP) — U.S. stocks edged lower in early trading on Wall Street Wednesday ahead of the latest interest rate policy decision by the Federal Reserve. Health care and technology...

FedEx profit falls, CEO calls the results disappointing

MEMPHIS, Tenn. (AP) — Shares of FedEx fell in after-hours trading after the package-delivery giant reported lower profit. Chairman and CEO Fred Smith said Tuesday the results were be...

This Week: FedEx results, Fed announcement, home sales

A look at some of the key business events and economic indicators upcoming this week: MIXED BAG Wall Street expects that FedEx's latest quarterly report card will s...

Facebook, GE and Charter Communications surge; Hershey slips

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Microsoft Corp., down $1.95 to $104.43 The technology company reported mixed results,...

FedEx plans buyouts after weak international 2Q shipping

OMAHA, Neb. (AP) — FedEx Corp. delivered a disappointing earnings report Tuesday and said it plans to offer buyouts to some of its workers and reduce spending to make up for weak international shippin...

Postal Service's red ink for 12th year as letter mail drops

WASHINGTON (AP) — The U.S. Postal Service is reporting a financial loss for the 12th straight year, citing declining mail volume as well as the costs of its pension and health care obligations. ...

Why the 'gig' economy may not be the workforce of the future

WASHINGTON (AP) — The "gig" economy might not be the new frontier for America's workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work has been widely seen ...

US stocks rise as traders size up new US tariffs on China

U.S. stocks rose in early trading Tuesday as investors weighed the White House's decision to impose tariffs on another $200 billion of Chinese goods beginning next week. Gains in technology, energy an...

Business Highlights

___ How your smart fridge might be mining bitcoin for criminals LONDON (AP) — A raft of recent cyber-security firms and governments now cite the rising trend of 'cr...

Want to start an Amazon delivery business? What to know

NEW YORK (AP) — Amazon wants you to deliver its packages for them. The online retailer launched a new program this week that helps people in the United States start their own busines...

Move over UPS truck: Amazon delivery vans to hit the street

SEATTLE (AP) — Your Amazon packages, which usually show up in a brown UPS truck, an unmarked vehicle or in the hands of a mail carrier, may soon be delivered from an Amazon van. The ...

FedEx profit rises on increase in volume, shipping rates

Higher rates, tax benefits and steady business fueled by economic growth helped FedEx Corp. boost its fourth-quarter profit 10 percent to $1.13 billion. Chairman and CEO Fred Smith s...

PerkinElmer Acquires Shanghai Spectrum Instruments Co., Ltd.

SHANGHAI--(BUSINESS WIRE)--May 23, 2018--PerkinElmer, Inc., a global leader committed to innovating for a healthier world, today announced that it has acquired Shanghai Spectrum Instruments Co., Ltd. ...

Postal Service: More financial loss as mail delivery slumps

WASHINGTON (AP) — The U.S. Postal Service is reporting another quarterly loss. That's because strong gains in package deliveries were outweighed by an unrelenting decline in mail volume and the costs ...

California ruling to give more workers benefits, experts say

SAN FRANCISCO (AP) — In a big win for labor advocates, the California Supreme Court has limited businesses from classifying workers as independent contractors who can't receive key employment protecti...