Dow Pares Loss to 0.5%; Coke, Palm Fall
Is Your Hometown Prepared for a Disaster? FedEx Corp. Helps Red Cross Ensure Hometown Is Ready When the Time Comes
Local Volunteer Training Program Launches with Shelter Simulation
FedEx Corp., an active participant in disaster relief, recovery and preparedness initiatives, is engaging FedEx team members in major cities throughout the country in disaster preparedness planning through the American Red Cross’ corporate volunteer involvement program Ready When the Time Comes.
Memphis, home of the company’s worldwide headquarters, will officially launch its program Feb. 27 with FedEx serving as the local lead sponsor.
Through the Ready When the Time Comes program, volunteers receive specialized training in crucial disaster response functions, such as shelter operations, large-scale feeding efforts, and damage assessment. The Red Cross trains employees from participating corporations and mobilizes them for large-scale local disasters. FedEx team members currently work closely with local chapters in New York City, Chicago, San Francisco, Los Angeles and now Memphis.
Is Your Hometown Prepared for a Disaster? FedEx Corp. Helps Red Cross Ensure Hometown Is Ready When the Time Comes - Yahoo! Finance
Bloom box debut: More IPO than CO2
The long-awaited unveiling may have another goal in mind: to fuel investors' appetite for a public offering.
It was an awesome spectacle as product launches go: Speeches by Arnold Schwarzenegger and Colin Powell, a panel of top executives from Google, eBay, Wal-Mart, FedEx, Coca-Cola, and Cox Enterprises, video messages from Diane Feinstein and Michael Bloomberg, a heart-tugging slide show about saving the planet, and finally, after eight years and $400 million raised, the unveiling of the Holy Grail in a box — clean, inexpensive full-cell energy!
FedEx did agree to talk but won’t answer the most important question: How much are they paying for Bloom-box electricity? “We’re under a contractual agreement not to disclose the price,” says Mitch Jackson, FedEx’s senior director of environmental affairs.
Bloom box debut: More IPO than CO2 - Fortune Brainstorm Tech
UPS Canada Toasts 35 Years of Success
Global Logistics Company Began Canadian Operations With One Checker Cab in Toronto in 1975
When UPS Canada picked up its first shipment in 1975 at Butterick Fashions Marketing in downtown Toronto - using a Checker cab - no one could have imagined where the company would be today.
Thirty-five years later, UPS Canada is connecting its Canadian customers with markets all over the world, utilizing 11,000 employees and 54 package operations facilities located throughout the nation.
It was Feb. 28, 1975, when Canada became the first country to host UPS operations outside the United States. Since then, the presence and scope of the company has grown dramatically to include air and ground service to any address in Canada along with global service to more than 200 countries and territories.
UPS Canada Toasts 35 Years of Success - Yahoo! Finance
Sirius XM Posts Profit, Its First Since Merger
The satellite radio company Sirius XM Radio posted its first quarterly profit since its merger and said it expected to add 500,000 new subscribers in 2010 as the recovery in the car market increased demand.
The results on Thursday suggest that the company, run by the media industry veteran Mel Karmazin, has solidified. Just a year ago, it flirted with bankruptcy.
Sirius shares have risen sharply from a year ago when they traded as low as 5 cents each. Its stock was down 3 cents, or 2.73 percent, at $1.07 on Thursday. Analysts and investors are re-evaluating shares of Sirius, whose market capitalization is now about $4.1 billion.
Since then, the company has seen a rise in average revenue per user, lower costs to woo subscribers and an increase in new-car buyers who sign up after their trial subscriptions lapse.
Sirius Posts Profit Since Merger in 2009 - NYTimes.com
Republican Calls on Obama to Back Fuel Tax Hike
Ohio’s Voinovich says he may not vote for highway bill without Obama support
Flanked by Democrats in a show of transportation bipartisanship, Sen. George Voinovich, R-Ohio, called Thursday for President Obama to back a highway spending plan with an increase in the federal fuel tax and warned he may not vote for a bill the White House does not fully support.
“This administration has to get engaged,” Voinovich said. “They are not, not one iota.”
Voinovich has gained a higher profile on Capitol Hill over the past week after joining a handful of other Republicans in bucking party leadership by voting for a Democratic-backed jobs bill. He also spoke out forcefully this week for action on a transportation bill he said must include the first increase in the gas tax since 1993, something the administration says it will not support.
Republican Calls on Obama to Back Fuel Tax Hike | Journal of Commerce
Durable Goods Orders Snap Record Losing Streak
First gain in unfilled orders breaks 15-month downward spiral
Increases in new orders and -- for the first time in more than a year -- in unfilled orders in January signaled an upward trend for manufacturers of durable goods.
New orders for manufactured durable goods in January increased $5.2 billion or 3 percent to $175.7 billion, the U.S. Census Bureau announced Thursday. Even more striking, unfilled orders, following a record 15 consecutive monthly decreases, increased $400 million or 0.1 percent to $718.1 billion.
Shipments and inventories were down slightly, the Census Bureau said.
The upswing in unfilled orders followed a 0.9 percent December decrease as orders began to catch up to capacity. Unfilled orders for primary metals led the upsurge. They had been climbing for the last eight months and put in the largest increase in January. Manufacturers put $500 million worth of primary metals, a gain of 3.2 percent, on their to-do lists, adding $16.1 billion to the total for unfilled orders.
Durable Goods Orders Snap Record Losing Streak | Journal of Commerce
FMCSA opens driver screening website
The Federal Motor Carrier Safety Administration yesterday, Feb. 24, opened a website where carriers can register to access a safety database that will be set up for screening applicants for driving jobs.
Although data probably won’t be available for a couple of months, carriers and third-party driver service providers can register for the Pre-Employment Screening Program FMCSA is developing at
Pre-Employment Screening Program.
The program will give carriers access to five years of an applicant's accident history and three years of inspection history, with the driver's permission. The data will come from the Motor Carrier Management Information System and include the same information used by agency staff and state police for enforcement. Drivers also will have access to the information, and can include the report as part of their application.
FMCSA opens driver screening website - eTrucker
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FDX--
Is Your Hometown Prepared for a Disaster? FedEx Corp. Helps Red Cross Ensure Hometown Is Ready When the Time Comes - Yahoo! Finance
Bloom box debut: More IPO than CO2 - Fortune Brainstorm Tech
FedEx launching disaster preparedness program in Memphis - Memphis Business Journal:
Home Depot Gets The House In Order
Air China, Cathay Pacific plan cargo joint venture - Yahoo! Finance
UPS--
U.S. workers unlikely to go the way of Greece - MarketWatch
Home Depot Gets The House In Order
UPS Canada Toasts 35 Years of Success - Yahoo! Finance
SAIA--
Summary of SAIA INC - Yahoo! Finance
Dow Pares Loss to 0.5%; Coke, Palm Fall
Stocks posted modest losses Thursday as investors found some buying opportunities after an earlier selloff triggered by the jobless report and worries about Greece.
The S&P 500 lost just 0.2 percent and the Nasdaq fell just 0.1 percent.
The CBOE volatility index had been pushing higher for much of the day but ended down slightly at 20.10.
News Headlines
Rate Spike & Double-Dip Coming: Ex-Fed Governor
Markets opened lower on Thursday after the US government said weekly jobless claims rose more than expected last week. What should investors expect for stocks going forward? Robert Heller, former Federal Reserve governor, and Kathleen Stephansen, chief economist at Aladdin Capital Holdings, discussed their market outlooks.
“A double dip recession is still very much in the cards,” Heller told CNBC.
“The big elephant in the room is the huge federal deficit, and that will eventually will force up interest rates. And as interest rates go up, it will kill both businesses and consumer recovery.”
News Headlines
What VIX Says About Market 'Doom': Trading Execs
The CBOE Volatility Index (VIX), widely considered the measure for fear in the market, rose over 8 percent to near 22 on Thursday. Should investors be paying closer attention to the figures? Gordon Charlop, managing director of Rosenblatt Securities, and Alan Valdes, vice president of Kabrik Trading, shared their insights.
“We’re still stuck in a trend and a bit of retrenching here.”
Charlop said he doesn’t see “any significant sense of gloom and doom.”
“We also seem to be a little bit light on volume,” he noted.
News Headlines
GOPs, President Make Little Progress on Health Care
President Barack Obama and Republicans clashed frequently Thursday at a summit on his stalled health care overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement.
Obama told about 40 congressional leaders his comprehensive overhaul was "absolutely critical" to a sustained economic recovery, but Republicans said he should scrap the current plans and start over with a smaller approach.
"There are some fundamental differences between us that we cannot paper over," Jon Kyl, the No. 2 Senate Republican, told Obama, adding his plan gave Washington too much power over the health system and took it away from patients and doctors.
News Headlines
Toyota May Miss North American Output Target
Toyota Motor's [TM 73.90 -0.43 (-0.58%) ] output in North America will likely fall short of its target by 20 percent in the February-April period, hurt by a sharp slide in sales in the wake of its massive vehicle recalls, the Nikkei business reported.
On Wednesday, Toyota's president apologised to U.S. lawmakers for the safety crisis that has led to the recall of more than 8.5 million vehicles around the world.
News Headlines
Thursday's Health Summit: Obama the Re-Animator?
Like an insatiable flesh-eating zombie in an embarrassingly bad sci-fi flick, ObamaCare will not die. Just when you think it’s dead, The Re-Animator—President Obama—revives this corpse to feast again.
But if Bam isn’t careful, this zombie could turn on him and consume his presidency. It already gobbled up his first year, when he should have focused solely on the economy and jobs. Most Americans don’t want this sweeping, costly overhaul: a trillion dollars in new health spending over the next decade despite record-high deficits; over $600 billion in new taxes to pay for only part of it; and the certainty that the actual costs will run hundreds of billions of dollars higher.
News Headlines
Now you are up to speed and informed.
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