Lufthansa Technik Philipines and FedEx Corp. are investing more than $600 million for separate facilities in a former US air base in the Philippines as the Southeast Asian nation moves to boost foreign capital, according to a senior government official.
Travelers arrive at Clark International Airport, operated by Luzon International Premiere Airport Development (LIPAD) Corp., in Pampanga province, the Philippines, on Monday, Dec. 18, 2023. The Philippines recorded nearly 3.7 million visitor arrivals as of early September, according to the Tourism department, nearly 80% of this year’s target.
FedEx Corp. shares closed at a record high, putting them on track for a six-month rally amid growing confidence in the company’s cost-cutting efforts and a resilient economic backdrop that’s expected to favor the transportation sector.
A worker unloads packages from a FedEx truck in San Francisco.
Salesforce CEO and co-founder Marc Benioff talks about the dangers of unregulated artificial intelligence, how the technology can impact teens, and what President Trump can do to promote American businesses. Benioff speaks to Bloomberg's Emily Chang World Economic Forum 2026 in Davos, Switzerland. (Source: Bloomberg)
FedEx said adjusted earnings will be $17.80 to $19 a share for the fiscal year, the courier said in a statement, raising the low end of its prior profit forecast. The midpoint of that range is higher than the $18.28 per share average analyst estimate compiled by Bloomberg. Thomas Black, a Bloomberg Opinion columnist, has more on "Bloomberg The Close." (Source: Bloomberg)
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