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FedEx Reports Strong Quarterly Earnings

The world’s largest air delivery service says it made nearly $700 million in the last quarter, compared with a loss of more than $800 million in the same quarter last year. FedEx has a massive operation, so its earnings are seen as a reflection of the global economy. With production and trade recovering, businesses around the world are spending more on shipping. » E-Mail This      » Add to Del.icio.us

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2010 06 16 admin Uncategorized Comments Off

Ford Posts First Full-Year Profit Since 2005

Ford Motor Co. says it made $2.7 billion in 2009 — thanks to cost cutting, debt reduction and strong vehicle sales. Ford’s reputation is seen as benefiting by being the only major U.S. automaker which didn’t go through bankruptcy, unlike General Motors and Chrysler. » E-Mail This      » Add to Del.icio.us

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2010 01 28 admin Uncategorized Comments (0)

Banking Giant JPMorgan Chase Reports $3.6B Gain

JPMorgan Chase on Wednesday reported sharply higher income in the recent quarter. The country’s second largest bank says it made $3.6 billion, up from about a half-billion dollars at this time last year. The gains came mostly from trading and investment banking activity, which outweighed continuing losses in the bank’s credit card and other consumer lending businesses. » E-Mail This      » Add to Del.icio.us

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2009 10 14 Baxter & Baxter, LLP Uncategorized Comments (0)