FedEx tops Street 1Q forecasts
AP - 15 mins ago
MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Wednesday reported profit of $606 million in its fiscal first quarter.
Sony forecasts $2B loss as smartphones lag
By ELAINE KURTENBACH - AP - 40 mins ago
TOKYO (AP) — Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
Ahead of the Bell: US current account
AP - 1 hr 7 mins ago
WASHINGTON (AP) — The Commerce Department reports on the U.S. current account trade deficit for the April-June quarter. The report will be released at 8:30 a.m. EDT Wednesday.
Trian wants DuPont to split its business
AP - 1 hr 10 mins ago
NEW YORK (AP) — Activist investor Nelson Peltz's Trian Fund Management LP wants DuPont to separate its business into two companies in an effort to boost shareholder value and improve its financial performance.
Ahead of the Bell: US consumer prices
AP - 1 hr 28 mins ago
WASHINGTON (AP) — The Labor Department reports on U.S. consumer prices in August. The report will be released at 8:30 a.m. EDT Wednesday.
World stocks mostly higher ahead of Fed statement
By EILEEN NG - AP - Wed Sep 17, 3:41AM CDT
KUALA LUMPUR, Malaysia (AP) — World stock markets were mostly higher Wednesday, buoyed by hopes that the Federal Reserve will not speed up plans to raise interest rates and reports that China is providing extra liquidity to major state banks.
Cuts to food stamps will only hit 4 states
By MARY CLARE JALONICK - AP - Wed Sep 17, 2:27AM CDT
WASHINGTON (AP) — Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found.
Alibaba post-IPO structure gives insiders control
By JOE McDONALD - AP - Wed Sep 17, 1:50AM CDT
BEIJING (AP) — Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.
Financial markets awaiting any Fed signal on rates
By MARTIN CRUTSINGER - AP - 17 mins ago
WASHINGTON (AP) — Financial markets are awaiting the end of a Federal Reserve meeting Wednesday to see whether the Fed sends any clearer signal about the timing of an interest rate increase.