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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)

Asian stocks retreat on lack of new Fed action

Sep. 16, 2020 11:28 PM EDT

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...

FILE - In this Dec. 18, 2014 file photo, a Federal Express driver returns to his truck after delivering a package to a business in Springfield, Ill. FedEx earned $1.25 billion in its latest quarter, as online shopping remained popular among customers avoiding stores and shipments between businesses improved. The delivery giant reported Tuesday, Sept. 15, 2020 that it brought in $19.3 billion in revenue during the three months that ended Aug. 31, FedEx's fiscal first quarter. (AP Photo/Seth Perlman, File)

FedEx's profit jumps as residential deliveries soar

Sep. 15, 2020 7:19 PM EDT

NEW YORK (AP) — FedEx's profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses improved. The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx's fiscal first quarter....

State Sen. Victoria Spartz, R-Noblesville, speaks during a legislative hearing on Oct. 1, 2019, at the Indiana Statehouse in Indianapolis. A published report says profits from family property sales boosted Spartz's personal finances as she has given at least $1 million toward her campaign for central Indiana's 5th Congressional District seat. (AP Photo/Tom Davies)

Land sale profits helped fund GOP candidate's Congress bid

Sep. 14, 2020 4:41 PM EDT

INDIANAPOLIS (AP) — Profits from family property sales boosted the personal finances of an Indiana state senator who has given at least $1 million toward her campaign for a congressional seat, according to a published report. Republican Sen. Victoria Spartz claimed only her legislative pay of about $71,000...

This Week: FedEx earns, Fed policy statement, housing starts

Sep. 14, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: DELIVER THIS Wall Street expects that FedEx’s latest quarterly report card will show mixed results. Analysts predict the package delivery company will report Tuesday that its fiscal first-quarter earnings declined from a...

Crocs, Zumiez rise; Dave & Buster's, Nikola fall

Sep. 11, 2020 4:35 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Oracle Corp., down 33 cents to $57. The software maker reported surprisingly good fiscal first-quarter earnings and gave investors an encouraging profit forecast. Peloton Interactive Inc., down $3.71 to $84.04. A surge in...

Kentucky reports higher General Fund revenues in August

Sep. 11, 2020 5:14 AM EDT

FRANKFORT, Ky. (AP) — Kentucky's revenue collections continued to show resiliency despite the ongoing fight against the coronavirus, budget officials said. General Fund receipts in August increased 5.9% compared to the same period a year ago, state Budget Director John Hicks said Thursday. Revenues for the...

Quest Diagnostics, Virtusa rise; GameStop, Hess fall

Sep. 10, 2020 4:22 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Virtusa Corp., up $9.92 to $50.42. Baring Private Equity Asia is buying the information technology and consulting company for about $2 billion. RH, up $64.38 to $385.46. The furniture and housewares company handily beat Wall...

Daktronics announces job cuts blamed on coronavirus pandemic

Sep. 6, 2020 10:44 AM EDT

BROOKINGS, S.D. (AP) — South Dakota-based Daktronics Inc. is cutting about 100 jobs as the company anticipates financial setbacks created by the coronavirus pandemic. The Argus Leader reports the Brookings-based maker of electronic displays and billboards reported its net sales, net income and cash...

FILE - This May 23, 2017, file photo shows a variety of Campbell's soups in a grocery cart at a store in Phoenix. Campbell Soup reported strong fiscal fourth-quarter earnings on Thursday, Sept. 3, 2020 boosted by people making more food at home because of the coronavirus pandemic. (AP Photo/Ross D. Franklin, File)

Campbell Soup shares fall despite strong earnings, sales

Sep. 3, 2020 4:17 PM EDT

CAMDEN, N.J. (AP) — Campbell Soup reported strong fiscal fourth-quarter earnings on Thursday, boosted by people making more food at home because of the coronavirus pandemic. But its stock fell as it cited the difficulty of predicting how the pandemic-driven demand for its products will hold up. The Camden,...

Two vendors sit outside shops at a market street, in Athens, Thursday, Sep. 3, 2020. Greece has suffered a huge drop in output in the second quarter of the year, plummeting 15.2% on an annual basis, but the government insisted the figures did not worsen the country's annual outlook. (AP Photo/Yorgos Karahalis)

Greece suffers huge output loss but sticks to 2020 forecast

Sep. 3, 2020 12:03 PM EDT

ATHENS, Greece (AP) — Tourism-dependent Greece suffered a huge drop in economic output in the second quarter of the year, plummeting 15.2% on an annual basis, but the government insisted Thursday that the figures did not worsen the country’s annual outlook. The Greek Statistical Authorities reported...