FedEx news stories on Newser

FedEx Sorry About Thrown Package

Matt Cantor — Fri, 23 Dec 2011 15:14:05 CST

FedEx suffered a public embarrassment this week in the form of a YouTube video, watched by 800,000 people, which showed an employee casually tossing a computer monitor over a 6-foot fence. Now the company is doing damage control, fighting fire with fire by posting a YouTube video of its...

Cargo Bomb Was Set to Explode Over US

Nick McMaster — Wed, 10 Nov 2010 14:26:36 CST

One of the bombs hidden inside a toner cartridge sent from Yemen probably would have exploded while the plane was over the eastern US had it not been discovered by British authorities, says Scotland Yard. Instead, investigators acting on a tip from Saudi Arabia removed the device from the plane...

Flights Subject to New Rules After Bomb Plot

Nick McMaster — Mon, 08 Nov 2010 14:55:05 CST

The recent mail-bomb plot has prompted the Department of Homeland Security to enact new air cargo restrictions, effective immediately, the New York Times reports. Among the changes: Certain packages bound to the US from overseas will be subjects to what the anti-terror agency called “additional and enhanced screening.” Toner and...

Dubai: Plane Bomb Looks Like al-Qaeda

Polly Davis Doig — Sat, 30 Oct 2010 05:42:32 CDT

The US-bound mail bomb discovered yesterday in Yemen had al-Qaeda's fingerprint on it, Dubai officials say, having been packaged in a "professional manner" and containing the same explosive as the failed Christmas bombing. "The plot style carries features similar to previous attacks carried out by terrorist organizations like al-Qaeda," Dubai...

Chicago-Bound Bombs Trigger Security Alerts

Fri, 29 Oct 2010 14:14:07 CDT

Authorities in Dubai and England intercepted apparent mail bombs addressed to Chicago-area Jewish institutions, triggering a worldwide terror alert. Both were found aboard cargo planes, and both were mailed from Yemen. As a result of those scares, cargo planes at airports in the US, including Newark and Philadelphia, also were...

Killer Companies Started By College Kids

Kate Schwartz — Sat, 05 Jun 2010 14:00:00 CDT

Turns out you don't have to suffer through a 6-hour graduation ceremony before you can make a splash in the business world. The Huffington Post lists 10 really impressive companies started in college: Time magazine: Yale seniors Henry Luce and Briton Hadden dreamed up the idea of a newsweekly, and...

Dow Dips 2 Points

Nick McMaster — Thu, 17 Sep 2009 15:20:17 CDT

Stocks posted small losses today as the modest rally of the last two weeks ran out of steam, the Wall Street Journal reports. Housing starts for August rose 1.5%, less than expected. FedEx shares dropped after the company reported a 53% drop in quarterly profit. The Dow fell 2...

Dow Down 22; Stocks Gain for Week

Nick McMaster — Fri, 11 Sep 2009 15:25:58 CDT

Stocks pulled back today after hitting their 2009 peaks in yesterday's session, the Wall Street Journal reports. Despite modest declines, transportation stocks—considered the first to benefit in a recovery—remained strong, with FedEx up 6.43%. Crude tumbled $2.65 to $69.20 a barrel. The Dow lost 22....

Conservative Group Tried to Sell its Support for $2M

Matt Cantor — Fri, 17 Jul 2009 08:21:44 CDT

A major conservative group offered its backing to FedEx on a bill before the Senate—for a price tag of at least $2 million, Politico reports—and then, when FedEx didn't take the bait, switched sides. A letter to FedEx shows the American Conservative Union proffered services like writing op-eds...