April 10 (Reuters) – General Electric Co said it
would shed the bulk of its finance unit and return as much as
$90 billion to shareholders as it becomes a “simpler” industrial
business instead of an unwieldy hybrid of banking and
GE shares jumped 7.5 percent on Friday after the company
outlined plans for substantially shrinking its GE Capital unit.
The plan includes a buyback of up to $50 billion in GE shares,
the sale of about $30 billion in real estate assets over the
next two years and the disposal of more GE Capital operations.
CHICAGO (Reuters) – FedEx Corp’s $4.8 billion bid Tuesday for TNT Express took the world’s last large potential package delivery acquisition target off the table, marking a victory in FedEx’s battle to gain market share from rival United Parcel Service Inc.
If FedEx wins regulatory approval for the proposed acquisition, it would pull into the No. 2 spot among package delivery services in Europe with a 17 percent market share. That would put it ahead of UPS in Europe, but leave Deutsche Post’s DHL with the lead at 19 percent of the market.
By Nick Carey
(Reuters) – Package delivery company FedEx Corp (FDX.N: Quote, Profile, Research, Stock Buzz) reported a better-than-expected quarterly net profit on Wednesday but forecast full-year earnings below analysts’ estimates as it looked for the global economy to grow at a lackluster rate.
Memphis-based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international business was hurt by falling fuel surcharges and the strong dollar.
March 18 (Reuters) – Package delivery company FedEx Corp
reported a better-than-expected quarterly net profit on
Wednesday but forecast full-year earnings below analysts’
estimates as it looked for the global economy to grow at a
Memphis-based FedEx also said fuel expenses were reduced by
30 percent due to low oil prices but its international business
was hurt by falling fuel surcharges and the strong dollar.
By Nick Carey
FERGUSON, Mo. (Reuters) – As the hunt for suspects in the shooting of two police officers in Ferguson, Missouri, extended into a third day, activists took the first steps on Saturday to force the mayor out of office while residents awaited signs of progress in the investigation.
A group called Organization for Black Struggle (OBS) said it is starting a petition to recall Mayor James Knowles. He is one of the few senior city officials still on the job after the police chief, a municipal judge and others resigned following a U.S. Department of Justice report March 4 depicting a Ferguson police force mired in racial bias.
FERGUSON, Mo. (Reuters) – Nearly 48 hours after two officers were shot in Ferguson, Missouri, investigators had dozens of leads but no arrests to report on Friday in the hunt for a gunman who turned a late-night protest against police into bedlam.
St. Louis County Police Chief Jon Belmar said authorities had “a pretty good idea” where the gunshots that wounded the officers had originated, without providing specifics, but added that an arrest was not imminent.
By Nick Carey
FERGUSON, Mo. (Reuters) – As the hunt for suspects in the shooting of two police officers in Ferguson, Missouri, extended into a third day on Saturday, an anxious calm settled over the St. Louis suburb and residents awaited tangible signs of progress in the investigation.
The placid scene was in stark contrast to the mayhem that erupted near midnight on Thursday, when gunshots rang out, wounding the officers and sending a fresh jolt of tension through a city that has become a symbol of racial conflict.
FERGUSON, Mo. (Reuters) – Inside a crumbling brick building in a poor St. Louis suburb, Montague Simmons eyes a whiteboard cluttered with ideas, working alongside his team of activists as they contemplate the next move in what they describe as the struggle for black rights in America.
Like other protest leaders in the St. Louis area, Simmons is determined to continue the near-daily demonstrations in Ferguson that have galvanized a national debate on race since the fatal shooting in August of Michael Brown, an unarmed black 18-year-old, by a white policeman.
FERGUSON, Mo. (Reuters) – Investigators are following dozens of leads in the hunt for whoever shot and wounded two police officers in Ferguson, Missouri, during a protest rally this week, the head of the St. Louis County police said on Friday.
Police Chief Jon Belmar said that detectives are working around the clock and would not rest until they have resolved the case, which has caused tensions to spike in the St. Louis suburb after weeks of relative calm.
By Nick Carey and Jim Young
FERGUSON, Mo. (Reuters) – Police hunted for a second day on Friday for suspects in the shooting of two police officers at a protest rally in Ferguson, Missouri, after U.S. President Barack Obama said those responsible must be brought to justice.
The officers were shot and wounded during a demonstration in the St. Louis suburb shortly after midnight on Thursday morning, driving up tensions in a community that has become the center of an intense nationwide debate over race and policing.