By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Will Santa's sleigh be late?
Will Santa's sleigh be late?
FedEx and UPS have disclosed they are targets of a federal criminal investigation related to their dealings with online pharmacies, which are at the center of an international crackdown on prescription drug abuse.
Americans in their late 30s are now the group most likely to doubt they will be financially secure after retirement, a major shift from three years ago when baby boomers nearing retirement age expressed the greatest worry.
Investors watch a number of things as they look for assurance on their current investments, as well as when they try to identify potential new ones.
Stronger reports on the job market and manufacturing sent stock indexes higher in afternoon trading Thursday. FedEx jumped 7 percent after reporting a surge in earnings.
FedEx Corp. indicated Thursday that the global economic recovery isn't as strong as previously thought, and moved to fix the weak spot in its operations: its money-losing truck business.
The debate between corporate earnings growth and the economy raged this past week as companies such as FedEx Corp., Equinix Inc. and E.I. du Pont de Nemours & Co. delivered significant earnings growth year on year and compared with Wall Street's expectations.
BP shares rebounded and helped steady the overall market Wednesday after the company announced it would give $20 billion to a fund for victims of the Gulf of Mexico oil spill.
