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Wednesday, June 19, 2013 | 9:05 a.m.

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In this Tuesday, April 23, 2013, photo, a FedEx cargo planes comes in for a landing at the Juneau International Airport in Juneau, Alaska. On Wednesday, June 19, 2013, Fedex Corp. reports quarterly earnings. (AP Photo/The Juneau Empire, Michael Penn)

FedEx 4Q profit drops as priority services lag

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options. Excluding charges, the results still beat Wall Street expectations. But the company's forecast for the next 12 months was shy of Wall Street forecasts and shares fell in premarket trading. The world's second-largest package ...

  • Updated: 8:49 a.m. Wednesday, June 19, 2013
An employee of the Greece state broadcaster ERT gives instructions in front of monitors in the control room at the television station's headquarters in Athens, on Tuesday, June 18, 2013. State TV channels in Greece remained off-air Tuesday as the political storm over the future of public broadcaster ERT rages on despite a court ruling that the prime minister's decision to pull the plug was wrong. Fired ERT workers have continued live broadcasts streamed online and satellite, helped by the Geneva, Switzerland-based European Broadcasting Union, which represents the continent's public broadcasters. (AP Photo/Petros Giannakouris)

Greek government back in talks to end TV crisis

Greece's governing coalition parties are to meet for a second time in three days to try and end a political crisis triggered by the closure of state broadcaster ERT. Conservative Prime Minister Antonis Samaras will hold talks later Wednesday with coalition partners — the Socialist Pasok and Democratic Left parties ...

  • Updated: 8:12 a.m. Wednesday, June 19, 2013
Trader James Denaro works on the floor of the New York Stock Exchange Tuesday, June 11, 2013. Global stock markets were mostly lower Wednesday June 19, 2013 as investors waited for an update on the U.S. economy from the Federal Reserve. (AP Photo/Richard Drew)

US futures waver in light trading

U.S. stock futures are mixed in light trading with investors holding back before the Federal Reserve reveals its stance on the economy. Markets have swung wildly for weeks leading up to the two-day meeting, which ends Wednesday. Dow Jones industrial futures are down 14 points to 15,230. The broader S&P ...

  • Updated: 8:10 a.m. Wednesday, June 19, 2013
James Daniel, IMF Mission Chief for Spain, left, and Ranjit Teja, Deputy Director of the European Department of the IMF arrive for a press conference at the conclusion of the International Monetary Fund (IMF) visit to Spain at Bank of Spain in Madrid, Wednesday, June 19, 2013. (AP Photo/Andres Kudacki)

IMF calls for urgent steps on Spain unemployment

Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27 unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said Wednesday. A report issued by the ...

  • Updated: 8:06 a.m. Wednesday, June 19, 2013

Oil rises near $99 a barrel before Bernanke speaks

The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve. By early afternoon in Europe, benchmark oil for July delivery was up 20 cents to $98.64 ...

  • Updated: 7:56 a.m. Wednesday, June 19, 2013

Japan formally OKs new nuke safety requirements

Japan's nuclear watchdog formally approved a set of new safety requirements for atomic power plants Wednesday, paving the way for the reopening of facilities shut down since the Fukushima disaster. The new requirements approved by the Nuclear Regulation Authority will take effect on July 8, when operators will be able ...

  • Updated: 7:50 a.m. Wednesday, June 19, 2013
Visitors walk among planes displayed at the 50th Paris Air Show at Le Bourget airport, north of Paris, Wednesday June 19, 2013. Visible at foreground is a Bombardier Global 6000 jet.(AP Photo/Remy de la Mauviniere)

Air France-KLM orders 25 wide-body Airbus A350s

Air France-KLM ordered 25 Airbus A350 jets on Wednesday, saying the wide-body plane that flew for the first time last week will be central to its plan to expand long-haul flights after years of struggling against discount carriers in Europe. The deal is worth around $7.2 billion at list prices ...

  • Updated: 7:10 a.m. Wednesday, June 19, 2013
A RBS, Royal Bank of Scotland, illuminated sign and logo are seen through revolving doors inside an entrance of their offices in London, Thursday, June 13, 2013. Bailed-out U.K. lender Royal Bank of Scotland said Wednesday that Stephen Hester will step down as chief executive later this year — a move that creates some uncertainty as the bank prepares to return to the private sector. The board of the bank, which is 81 percent owned by the taxpayer after it was rescued by the U.K. government in 2008, said Hester was unable to make an open-ended commitment to lead the bank back into the private sector after having already served five years. The search for a successor will begin immediately. (AP Photo/Matt Dunham)

UK banking commission urges better standards

British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial industry, an influential parliamentary committee recommended Wednesday that senior bankers should be held more accountable for their bank's actions. One measure, it ...

  • Updated: 7:01 a.m. Wednesday, June 19, 2013

Markets steady as investors ready for Fed

Markets were fairly flat-footed ahead of a keenly awaited policy statement from the U.S. Federal Reserve. The central bank wraps up a two-day policy meeting later Wednesday and investors are looking to see if policymakers are moving towards any change in its monetary policy stance. The Fed's strategy of super-low ...

  • Updated: 6:59 a.m. Wednesday, June 19, 2013
Ennio Amodio, defence attorney of the former Finmeccanica CEO Giuseppe Orsi, speaks at the opening of a corruption trial against Finmeccanica, at the Busto Arsizio court, northern Italy, Wednesday, June 19, 2013. Trial opened Wednesday against the former head of the Italian aerospace and defense giant Finmeccanica accused of corruption in a case involving alleged bribery to win a 560 million euro (670 million dollars) helicopter contract in India. Giuseppe Orsi, who resigned in February, faces charges of fraud and corruption in a case that has both tarnished the international image of the state-controlled company, Italy's second-largest industrial concern, and jeopardized the defense contractor's strategy to expand in India as the nation upgrades its military. Defendants in Italy are not required to appear their own trials and Orsi did not attend the opening session. (AP Photo/Luca Bruno)

Bribery trial of former Finmeccanica CEO opens

The former head of Italian aerospace and defense giant Finmeccanica , accused by prosecutors of making bribery part of the company culture, went on trial Wednesday for his alleged role in the payment of bribes to secure a crucial 560 million euro ($670 million) helicopter contract in India. Giuseppe Orsi, ...

  • Updated: 6:43 a.m. Wednesday, June 19, 2013
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