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Business News
FedEx tops Street 1Q forecasts
MEMPHIS, Tenn. (AP) -- FedEx's fiscal first-quarter net income rose 24 percent, thanks partly to a strong performance by its ground division....
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Financial markets awaiting any Fed signal on rates
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....
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Eurozone August inflation revised up to 0.4 pct
BRUSSELS (AP) -- The inflation rate in August for the 18 countries using the euro has been revised up slightly....
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Chinese shoe manufacturer says CEO, cash vanished
FRANKFURT (AP) -- A Chinese shoe manufacturer says two of its top executives have vanished, along with most of the company's cash....
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Bank of England remains split on rates
LONDON (AP) -- Bank of England policymakers remain divided on whether to raise interest rates, voting 7-2 at their last meeting in favor of keeping the main rate at a record low 0.5 percent....
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