Delivery giant FedEx gave shareholders good news by announcing an increase of first quarter company earnings, a show of higher earnings at this quarter than this time last year.
In a September 16 press release, the company reported that the company is doing "solidly given weaker-than-expected economic conditions..." FedEx CEO Frederick Smith stated that the company's results were "impressive" and that the company would go on to "deliver value" for customers in the future.
However, on September 15, just one day prior to announcing their first quarter earnings, FedEx revealed that customers would be paying an additional 4.9% for "U.S. domestic, U.S. export and U.S. import services." Customers will also pay more for packages that "exceed the published maximum dimensions".
The FedEx price increase will begin January 4, 2016.
Photo Credit: Cory Barnes
Grocery retailer ALDI is hiring for 1,100 jobs nationwide.
Photo credit: Ghinrael via Wikipedia Commons.
Supermarket-style chain ALDI is adding 1,100 jobs to the economy through a nationwide hiring event. Through a press release, the company recently announced its plans to open 650 new stores across the country, slated for completion by the end of 2018. The current hiring event is hiring for positions across the country: workers in Alabama, California, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Wisconsin and all being recruited.
ALDI advertises competitive wages, medical and dental benefits, sick time, paid holidays, vacation days, personal leave, disability insurance, and a 401(k) plan as part of their benefits package for employees. The company also provides health and dental benefits for part-time associates averaging 25 hours a week, according its August 6 press release.
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The company behind the "Pure Michigan" marketing campaign for tourism in the state of Michigan has some sad news for its employees.
The Michigan Economic Development Corporation, in Lansing, is cutting about 65 employees from its payroll, according to MLive.com reporter Emily Lawler.
The vision behind the Michigan EDC is to make its state a top 10 location for low unemployment and per capita income. The organization boasts that "There's a lot happening in Michigan that makes it a great place to do business... fueling new economic growth is Pure Michigan."
Photo courtesy MomoneyMoProblemz via Wikimedia Commons
For Americans interested in jobs in the energy sector dealing with wind turbines or gas turbines, General Electric (GE) has some generally bad news. In a September 15th press release, the company announced that 500 jobs will be permanently slashed from the American economy. 100 jobs from Texas will be outsourced internationally to Hungary and China while more than 400 total jobs from New York, South Carolina, and Texas will be outsourced to Europe.
In a press release, the company blamed a lack of "credit financing" for "critical power projects".
The transition of moving jobs overseas will take place in 2016, GE stated.
Photo courtesy Matthew Bisanz
Could the IRS ever be abolished, or is this impossible?