Latest FedEx Corp News

FILE - In this Oct. 24, 2019, file photo, Native American leaders protest against the Redskins team name outside U.S. Bank Stadium before an NFL football game between the Minnesota Vikings and the Washington Redskins in Minneapolis. Several Native American leaders and organizations have sent a letter to NFL Commissioner Roger Goodell calling for the league to force Washington Redskins owner Dan Snyder to change the team name immediately.  (AP Photo/Bruce Kluckhohn, File)

Native American groups ask NFL to force Redskins name change

Jul. 6, 2020 5:33 PM EDT

WASHINGTON (AP) — More than a dozen Native American leaders and organizations sent a letter to NFL Commissioner Roger Goodell on Monday calling for the league to force Washington Redskins owner Dan Snyder to change the team name immediately. The letter was signed by 15 Native American advocates and...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 2, 2020. Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher on vaccine hopes

Jul. 2, 2020 12:04 AM EDT

Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. Investors were encouraged after Pfizer and BioNtech announced preliminary data from a...

Pfizer, FedEx rise; United Airlines, General Mills fall

Jul. 1, 2020 4:48 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: United Airlines Holdings Inc., down 16 cents to $34.45. The airline plans to triple its August flight schedule compared to June. Constellation Brands Inc., up $10.93 to $185.88. The brewer of Corona beer beat Wall Street's...

FILE - This April 1, 2020 file photo shows a FedEx logo at a facility in Romulus, Mich. FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. (AP Photo/Paul Sancya)

FedEx reports a loss, but revenue tops Street expectations

Jun. 30, 2020 8:01 PM EDT

FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. FedEx's stock rose more than 9% in after-market trading following the results report. With many U.S....

This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve said Monday, June 15, 2020 that it will begin purchasing corporate bonds as part of a previously-announced program to ensure companies can borrow through the bond market during the pandemic The program will purchase already-issued bonds on the open market and will seek to build a “broad and diversified” portfolio that will mimic a bond-market index. (AP Photo/Patrick Semansky)

Firearms sales on the rise, more travel bans eased

Jun. 19, 2020 7:57 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ STRESS TESTS: The Federal Reserve is making modifications to the way...

In this Monday, June 1, 2020 photo, local customers sit in a terrace bar in downtown Barcelona. Spain is waiting until July to reopen its border for foreign tourists. In the meantime, authorities are encouraging Spaniards to vacation inside at home. (AP Photo/Emilio Morenatti)

Retailers look to boost sales, German car sales weak

Jun. 4, 2020 6:34 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ DOUBLE-DIGIT DROPS: — The Buckle's sales declined 16.8% in...

A waitress wearing a face mask to protect against coronavirus carries out a plate of fish to serve at a seafood restaurant in Marseille, southern France, Tuesday, June 2, 2020. The French way of life resumes Tuesday with most virus-related restrictions easing as the country prepares for the summer holiday season amid the pandemic. (AP Photo/Daniel Cole)

Hints of economic reawakening amid mass, civic unrest

Jun. 3, 2020 8:28 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TESTING THE WATERS: Businesses are starting reopen, or explore...

In this Wednesday, May 6, 2020, photo, Postmistress Donna DeWitt carries mail at the tiny post office on Isle Au Haut, Maine. The post office serves the 70 or so year-round island residents. (AP Photo/Robert F. Bukaty)

Post offices, beloved community hubs, fight virus-era threat

May. 17, 2020 11:09 PM EDT

PHILADELPHIA (AP) — For some of the 2,000 or so year-round residents of Deer Isle, Maine, the fraying American flag outside the post office this spring was a reminder of the nation’s mood. The flag was in tatters. It twisted in the wind from a single hook. But it was stuck in the up position, so the...