Air Courier News

The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to GOP Sen. Chuck Grassley of Iowa.

FedEx Corp. , the world's largest cargo airline, forecast full-year earnings below analysts' estimates amid tepid economic growth and customers' preference for less costly international shipping services.

Wall Street expects FedEx to report its Q4 earnings at $1.96 per share on revenue of $11.44 billion.

The move, which parallels those by other Internet retailers, is a response to an upcoming change in the state's tax law that applies to e-commerce.

Teamsters are voting, with a deadline of June 20, on new contracts with United Parcel Service and UPS Freight.

A Dodge Durango crashed into the FedEx store at Third and Union on Tuesday afternoon.

Despite a year-to-date gain of more than 18% to trade at $87.08 , United Parcel Service, Inc. was on the bearish radar yesterday.

Overview FedEx is scheduled to report 4Q 2013 earnings before the bell on Wednesday, June 19. The results are typically disseminated at 7:30 a.m. EST and will follow with a conference call at 8:30 a.m. Results from FedEx are widely seen as a proxy for economic growth and tend to heavily influence the broader market gauges, including the equity ... (more)

FedEx Corporation is a holding company with subsidiaries that provide a broad range of transportation, e-commerce and business services under the FedEx brand.

Below are the three companies in the Air Freight & Logistics industry with the lowest projected earnings growth.

's stock had its "outperform" rating reaffirmed by analysts at Oppenheimer in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports.

I have talked to political leaders in Brussels and Washington, D.C. and based on recent conversations, I believe there is momentum and good will to move this agreement forward.

Memphis-based International Paper Co. is one of the Top 100 Best Places to Work in IT, according to the annual ranking released by technology publication Computerworld.

Options traders are waxing optimistic ahead of earnings from FedEx Corporation , as evidenced by the growing appetite for long calls.

Quarterly reports from FedEx , Oracle and Kroger will be among the highlights on the earnings front this week.

The most crucial event in the week ahead is the Federal Reserve's Open Market Committee meeting on Tuesday and Wednesday.

Here are some guidelines for packaging your valuables. * Use a rigid box with its flaps intact.

Last week, I was very satisfied with the way my " 5 Stocks To Watch " article performed.

Here's a head-scratcher for you: In August, sheep in Massachusetts will begin drinking water from the Beartooth Mountains as part of an experiment to better understand the record of climate change preserved in fossilized teeth.

Next week, the Fed's policy statement, updated forecasts and Press Conference with Chairman Ben Bernanke will be closely watched.