FedEx Corp. (NYSE: FDX): Closing price $127.48
FedEx Express’s operating company is launching FedEx One Rate, which gives domestic customers a simple, reliable, flat-rate shipping option for their express packages. To ship using FedEx One Rate, customers select their free FedEx Express packaging, an eligible FedEx Express domestic shipping service, and the destination. The FedEx One Rate price is then calculated on the packaging type, service selected and distance.
Ford Motor Co. (NYSE:F): Closing price $17.50
Ford’s group Vice President of Global Purchasing Hau Thai-Tang said Monday that the company’s annual spending budget will top $100 billion in 2013. An expected jump in global vehicle output, costs of new tech, and rigorous fuel economy standards will likely hike Ford’s spending by 10 percent this year, said Hau. Approximately two-thirds of that is dedicated to manufacturing expenses and the increased spending is from Ford plans to cut its number of suppliers from some 1,300 to 750.
US Airways Group Inc. (NYSE:LCC): Closing price $21.20
In the spring, US Airways will introduce new nonstop service between its number-one hub at Charlotte, Barcelona, Brussels, Lisbon, and Manchester. The four flights from Charlotte supplement the airline’s present service to these destinations from its international gateway at Philadelphia International Airport. Service to Barcelona, Lisbon, and Manchester will commence on May 22, with service to Brussels launching on June 5. The new flights bring the number of international destinations US Airways serves from Charlotte to 38 cities in Europe and 28 in Canada, Latin America, Mexico, South America and the Caribbean.
Starbucks Corp. (NASDAQ:SBUX): Closing price $79.47
According to the official China Central Television, Starbucks has been charging customers in China higher prices than in other markets, which helped the firm obtain hefty profit margins. The world’s number-one coffee chain is the most recent foreign firm to receive fire from official Chinese media, which has aimed at other prominent foreign names such as Apple Inc., and comes during a pricing crackdown by regulators. The report by CCTV, which was broadcast on Sunday, said that a medium-size latte at Starbucks in Beijing costs $4.43 or 33 percent more than at a Chicago store.
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