FedEx earnings: $2.90 per share vs. expected EPS of $2.81

The company posted adjusted fiscal first-quarter earnings per share of $2.90 on revenue of $14.66 billion. Wall Street expected FedEx to report earnings of $2.81 a share on $14.61 billion in revenue, according to a Thomson Reuters consensus estimate. Earnings were up from $2.42 per share a year earlier, while revenue climbed from $12.3 billion. The More...

by subhadip | Published 8 months ago
By subhadip On Sunday, October 2nd, 2016

General Mills sales fall for fifth straight quarter

General Mills reported a drop in quarterly net sales for the fifth straight quarter, hurt mainly by weak demand for its Yoplait yogurt and Progresso soup and the sale of its Green Giant frozen vegetable business. The More...

By subhadip On Saturday, March 19th, 2016

Liar, Liar: Top Money Lies Americans Are Comfortable With

No, your pants aren’t on fire. But judging by the results of a new poll, you might be comfortable lying about certain money issues to get ahead in life – even if the consequences could be grave. The survey More...

By subhadip On Friday, March 11th, 2016

Exclusive: Bank of America hiring bankers for new middle-market push – sources

the Bank of America building is shown in Los Angeles, California October 29, 2014. Reuters/Mike Blake Bank of America Corp is hiring a new team of investment bankers who cater to midsized companies, four years More...

By subhadip On Friday, March 11th, 2016

Labour promises ‘iron discipline’ to shore up fiscal credibility

Labour would borrow billions of pounds to fund public investment projects, while exerting an “iron discipline” over day-to-day spending, shadow chancellor John McDonnell has said, as he seeks to win back the More...

By subhadip On Saturday, February 27th, 2016

Retail inflation likely to be 4.5-5% in 2016-17: Survey

The government expects retail inflation to ease to 4.5-5 per cent in 2016-17 fiscal mainly due to continued downward pressure on global commodity prices and prospects of a normal monsoon. The Economic Survey 2015-16 More...

By subhadip On Thursday, February 25th, 2016

Cabinet Okays Scrapping Of Service Charge On Card Payments

Surcharge on payments made through debit and credit cards, or over internet, for public services may soon be a thing of the past, according to a new decision taken by the Modi government on Wednesday. “The More...

By subhadip On Wednesday, February 17th, 2016

High Street Sees Strong Start To The Year

Shopping visits increased at their strongest rate for two years last month, suggesting consumers still want to use the high street despite the surge in online retail. Figures from the British Retail Consortium More...

By nhdownyflake On Friday, July 31st, 2015

Swiss central bank makes 50bn Swiss franc loss

The soaring value of the Swiss franc against the euro has led Switzerland’s central bank to report a first half loss of 50bn francs (£33bn). The bank, which is owned by the Swiss federal government, said More...

By nhdownyflake On Thursday, July 30th, 2015

Sony’s net profit more than triples in second quarter

Its net profit rose to 82.4bn yen ($664m; £425m) while operating profit also rose 39% – well above expectations – to 96.8bn yen. But sales were flat in the period from a year ago, down 0.1% to 1.8tn More...