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FedEx's Profit Miss and Lowered Outlook Warn This Holiday Season Has Been More Ho-Hum Than Ho-Ho

Last Tuesday, FedEx Corporation (NYSE: FDX) shares tumbled almost 10% as the delivery company reported fiscal second quarter results below expectations and lowered its full year guidance. FedEx’s disappointing figures also dragged down the shares of its rival, United Parcel Service Inc (NYSE: UPS) by 2.9% on the day of the report. On December 21st, UPS lost its court battle against EU antitrust regulators who blocked its 2013 bid for Dutch rival TNT for a record $1.90 billion compensation claim. ....

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higher costs: India's Ashok Leyland posts Q2 profit miss on higher costs

Standalone profit for the three months ended September rose over two-fold to 5.61 billion rupees ($67.36 million), but fell short of analysts expectations of 6.28 billion rupees, per LSEG data. ....

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North American Morning Briefing: Traders Await Powell Speech

North American Morning Briefing: Traders Await Powell Speech
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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FTSE 100 Ends Three-Day Falling Streak After Mixed Updates

FTSE 100 Ends Three-Day Falling Streak After Mixed Updates
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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FTSE 100 Ends Three-Day Falling Streak After Mixed Updates

The FTSE 100 ended up 0.7% at 7,455.67 points, after three days of consecutive falls and a flurry of mixed results and trading updates. Plenty of companies are finding they cannot meet market. ....

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