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The FedEx Effect: How The Shipping Giant Impacts ETFs

2015-09-21 21:20:40| Trucking - Topix.net

Last week, logistics and shipping giant FedEx Corporation , one of the biggest components in the Dow Jones Transportation Average, lowered its fiscal 2016 earnings per share guidance to $10.40$10.90 a share from a prior range of $10.60$11.10 per share. Shares of FedEx are off nearly 4 percent over the past week, a decline that has been a drag on some exchange-traded funds.

Tags: shipping effect giant impacts

Landowners challenge gas giant Chesapeake on royalties

2015-09-20 07:10:16| Oil & Gas - Topix.net

She and her husband signed a gas lease with Chesapeake Energy Corp. thinking a little extra cash would be, well, rather nice. "We just own an acre here," Jacobs said recently at her home near Joshua, south of Fort Worth.

Tags: gas challenge giant chesapeake

French telecom giant Altice to buy Cablevision in $9 billion sale

2015-09-17 04:43:17| Telecom - Topix.net

The Dolan family is saying au revoir to Cablevision , selling the flagship cable company it founded more than 40 years ago to France's telecom giant Altice, The Post has learned. The surprise $9 billion sale, expected to be announced this week, also includes the Long Island tabloid Newsday and local Channel 12, sources close to the deal said.

Tags: buy sale french billion

Safety testing giant opens flagship furniture lab in West Michigan

2015-09-14 21:48:40| Furniture - Topix.net

Underwriters Laboratories, or UL , the world's largest safety testing company, has opened a furniture testing lab in the Holland area that is intended to be a flagship facility. "UL is dedicated to building a Furniture Center of Excellence in Holland, Michigan, which is the geographic center of office furniture manufacturing in the U.S.," said Alberto Uggetti, vice president and general manager of UL's Furniture Business Division.

Tags: west safety testing furniture