Latest Frederick W. Smith News

A FedEx pilot is detained before boarding a flight in China

Sep. 19, 2019 4:55 PM EDT

FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial flight. The company said Thursday the pilot was later released, and it is working with Chinese authorities to understand what happened at the airport in Guangzhou, in southern China. The Wall...

Asian shares mixed following Fed's decision to cut rates

Sep. 19, 2019 12:02 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep its own...

Survivors on Bahamas island mark time as officials lay plans

Sep. 18, 2019 9:08 PM EDT

GRAND ABACO, Bahamas (AP) — A handful of men hover around Gayle Wallace as she hands out four fish sandwiches with a dab of ketchup on each at the cramped home she rents in Murphy Town. Some are friends, others family. All are part of a new community of survivors emerging nearly three weeks after Hurricane...

FedEx profit falls, company cites uncertainty over trade

Sep. 17, 2019 7:49 PM EDT

DALLAS (AP) — Profit at FedEx fell 11% in its fiscal first quarter, as the package delivery company was buffeted by slower economic growth and the loss of business from retail giant Amazon. The results fell short of Wall Street expectations, and the company lowered its forecast for earnings through next...