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Jul 12, 2013

UPS warns on profits, cites weak economy

July 12 (Reuters) – United Parcel Service Inc, the
world’s No. 1 package delivery company, on Friday forecast
second-quarter profit below Wall Street expectations, signaling
that the global economic recovery still has a ways to go.

UPS, an economic bellwether along with rival FedEx Corp
because of the high volume of goods they move around the
world, blamed a weak U.S. industrial economy, customers’ trading
down to slower but cheaper shipping services, and overcapacity
in the global air freight market.

Jun 19, 2013

FedEx posts higher-than expected profit, will cut more capacity

June 19 (Reuters) – FedEx Corp reported a
higher-than-expected quarterly profit on Wednesday, sending its
shares higher, but the world’s biggest air-freight company said
it was cutting more capacity between the United States and Asia.

The company, considered an economic bellwether because of
the massive volume of goods it moves around the world, is still
trying to adjust to increasing demand for cheaper ground
transport rather than pricier but faster air shipping.

May 15, 2013

U.S., European groups divided on how to improve Bangladesh factories

May 15 (Reuters) – A trans-Atlantic divide between European
and U.S. retailers over how best to respond to fatal disasters
in Bangladesh textile factories split wide open on Wednesday,
with U.S. retailers claiming their European counterparts are
giving labor unions too much control over ensuring workplace
safety.

Some U.S. retailers, including Gap Inc, had said
they would not join the European pact without changes to the way
conflicts are resolved in the courts. The rhetoric sharpened
considerably when a U.S. trade group, the National Retail
Federation, after calls with member companies and other groups,
issued a stinging rebuke of the European-led safety accord.

Apr 27, 2013

Analysis: Bangladesh still works for retailers, despite disasters

By Nivedita Bhattacharjee and Jessica Wohl

(Reuters) – The factory collapse in Bangladesh that killed over 300 people this week is a stark reminder of the risks in the global retail industry’s search for cheap production.

But there have been few signs that safety issues and other questionable labor conditions are sending shockwaves through the major Western retailers, their shareholders or the people who buy the clothes in the United States, Europe and elsewhere.

Apr 27, 2013

Analysis – Bangladesh still works for retailers, despite disasters

By Nivedita Bhattacharjee and Jessica Wohl

(Reuters) – The factory collapse in Bangladesh that killed over 300 people this week is a stark reminder of the risks in the global retail industry’s search for cheap production.

But there have been few signs that safety issues and other questionable labour conditions are sending shockwaves through the major Western retailers, their shareholders or the people who buy the clothes in the United States, Europe and elsewhere.

Apr 27, 2013

Bangladesh still works for retailers, despite disasters

April 27 (Reuters) – The factory collapse in Bangladesh that
killed over 300 people this week is a stark reminder of the
risks in the global retail industry’s search for cheap
production.

But there have been few signs that safety issues and other
questionable labor conditions are sending shockwaves through the
major Western retailers, their shareholders or the people who
buy the clothes in the United States, Europe and elsewhere.

Apr 23, 2013

Norfolk Southern profit beats, non-coal shipping helps

April 23 (Reuters) – Coal shipments by Norfolk Southern Corp
fell sharply in the first quarter, but the U.S. railroad
still posted a higher profit on increased transport of goods.

Donald Seale, chief marketing officer, said domestic demand
for coal, a key part of Norfolk’s business, is expected to stay
weak in the near future as electric utilities replace coal with
cleaner, low-cost natural gas.

Apr 23, 2013

FedEx launches flexible delivery service

April 23 (Reuters) – FedEx Corp launched a new
service to let customers select from a range of options to
schedule dates, locations and times of delivery, catching up to
rival UPS, which offered its “UPS My Choice” service
more than a year ago.

Residential shoppers, who are a growing part of the
company’s business thanks to the rise of online purchases, can
receive notification of FedEx Express and FedEx Ground packages,
and track and manage deliveries without a tracking number or
FedEx account.

Apr 11, 2013

Qatar Airways hopes its Dreamliners fly again in April

CHICAGO, April 11 (Reuters) – Qatar Airways Chief Executive
Officer Akbar Al Baker said he hopes that all five of the
airline’s Boeing 787s will be back in service by the end of
April, as confidence grows in the industry that regulators may
be close to declaring the jet safe.

Speaking at the launch of Qatar’s service to Chicago, Al
Baker also said he thinks Boeing’s fix for the battery system
that overheated on two planes in January will work. He said if
it were not the right solution, the Federal Aviation
Administration would not have approved the testing plan for it.
Boeing completed testing on April 5.

Mar 21, 2013

Nike profit tops Wall Street estimates, shares rise

By Nivedita Bhattacharjee

(Reuters) – Nike Inc’s (NKE.N: Quote, Profile, Research, Stock Buzz) quarterly profit beat Wall Street’s expectations, as margins increased and world-wide future demand for its apparel and shoes rose, sending its shares up 8 percent.

Global orders for Nike-branded shoes and clothing scheduled for delivery from March through July 2013, known as futures orders, rose 6 percent compared to orders reported for the same period last year. In North America, the company’s biggest market, orders increased 11 percent.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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