Diversified U.S. manufacturer Illinois Tool Works Inc said Monday its sales in the three months through February were up 11 percent, and the company repeated its annual and quarterly earnings forecasts. Get the full story »
Inside these posts: Profit forecast
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USG sees lightweight drywall as profit heavyweight
USG Corp. is counting on a lightweight version of its Sheetrock brand drywall to help revive profit pummeled by the long slump in housing construction. Get the full story »
FedEx boosts forecast for fiscal 2011
FedEx Corp. raised its outlook for the year and the quarter Monday, citing better-than-anticipated volume growth in its Express and Ground business.
Memphis, Tenn.-based FedEx said it now sees its fiscal 2011 earnings in the range of $4.60 to $5.20 per share, up from its previous forecast of $4.40 to $5 per share.
For the first quarter ending Aug. 31, FedEx said it sees earnings of $1.05 per share to $1.25 per share, up from 85 cents per share to $1.05 per share previously.
