FedEx (FDX) shares react positively in early market trading on the postal courier's first-quarter profit beat reported yesterday, laying out the plans for its DRIVE initiative to trim operating costs and boost revenue. Wells Fargo Securities Senior Analyst Allison Poliniak-Cusic explains her team's decision to raise FedEx's price target to $280 'The execution is really key in our mind,' Poliniak-Cusic tells Yahoo Finance Live. 'We have no idea what the macro is going to look like as we... move forward, but the execution that they're doing with their DRIVE program is certainly giving some results for the company, driving earnings in this tepid volume environment for them.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Water in cartons from Tetra Pak offer a bold, unique way to package your water, giving you more space to communicate with your guests.OTTAWA -The Bank of Canada on Tuesday said recent volatility in headline inflation is not unusual but the underlying trend shown by core measures was inconsistent with bringing inflation down to the 2% target. Earlier on Tuesday, August inflation figures showed a jump in the headline number to 4.0% from 3.
"Ups and downs of the size we've seen in the past couple of months are not that unusual," Deputy Governor Sharon Kozicki said in a speech at the University of Regina in Saskatchewan. -- Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.