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Memphis based FedEx will be grounding 14 planes from its fleet due to the economy starting May 31. It will reduce costs by $180 million.  It hopes to get more fuel-efficient, newer aircrafts for its fiscal year 2010 which starts on June 1.
FedEx should be …

Named after Charles K. Ponzi, Ponzi schemes have had a very prominent place in the headlines in the last few weeks thanks to the Bernard Madoff scheme. A Ponzi scheme is defined as an investment swindle in which high profits are promised from fictitious sources …

DHL has announced they will cut 9,500 jobs and stop shipping within the United States by the end of January 2009.
DHL and DHL express will continue delivery operations outside the United States. The decrease in operations also means they will begin closing hubs. They will …

Recently, Delta and Northwest’s merger was cleared by the stockholders and signs went up around airports all over the country with Delta and Northwest terminals. In Memphis, a Northwest hub, signs went up minutes after the announcement.
Now, Delta is announcing they will be imposing the …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …