BRIEFCASE.Byline: -- Staff and Wire Services FedEx Q4 profits, stock take off MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn. -- FedEx Corp. reported a 27 percent increase in fourth-quarter earnings Wednesday, raised its profit forecast for the coming year and saw its shares rise more than 5 percent. The company earned $568 million, or $1.82 a share in the quarter ending May 31. That was up from $448 million, or $1.46 a share, a year ago. Revenue grew 10 percent, from $7.72 billion to $8.49 billion. The results easily beat Wall Street expectations. On average, Wall Street analysts surveyed by Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings predicted earnings of $1.77 a share on sales of $8.42 billion. Shares of FedEx soared $5.54, or 5.1 percent, to close at $113.86 in trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . That is near the high end of the stock's range of $76.81 to $120.01 over the past year. Grill Concepts names new VP Restaurant operator Grill Concepts Inc. on Wednesday appointed Wayne Lipschitz vice president and chief financial officer. He is succeeding Philip Gay, who was named the company's chief executive officer. Lipschitz previously was chief financial officer at International Coffee & Tea, parent of The Coffee Bean coffee bean see sesbania. & Tea Leaf retail stores. He was also controller at The Cheesecake Factory Inc. Lipschitz also was controller for the Wolfgang Puck Wolfgang Johann Puck (born Wolfgang Johann Topfschnig on July 8, 1949) is an Austrian-American celebrity chef, restaurateur, and businessman based in Los Angeles. Food Co., the frozen food and casual dining unit of Wolfgang Puck restaurants. He received his bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in accounting from California State University, Northridge CSUN offers a variety of programs leading to bachelor's degrees in 61 fields and master's degrees in 42 fields. The university has over 150,000 alumni. It's also home to a summer musical theater/theater program known as TADW (TeenAge Drama Workshop) that leads teenagers through an . No verdict yet in Wolff's trial Jurors ended their first day of deliberations without a verdict Wednesday in the trial of Homestore founder Stuart Wolff, who is charged in connection with ``book cooking'' at the Westlake Village-based company. Wolff, 42, was chief executive of the online real estate listings company from its founding until early 2002, when he departed amid a probe of its finances. During a two-month trial in Los Angeles, federal prosecutors laid out evidence to back up their claim that Wolff engaged in conspiracy to commit securities fraud, insider trading and falsifying fal·si·fy v. fal·si·fied, fal·si·fy·ing, fal·si·fies v.tr. 1. To state untruthfully; misrepresent. 2. a. the books of the company, which earlier this year changed its name to Move Inc. Japan may get U.S. beef again WASHINGTON -- U.S. beef shipments to Japan could resume within weeks under a new agreement, but the Bush administration cautioned Wednesday that the deal to restore trade interrupted by mad-cow disease concerns in Japan could still fall through. Hours earlier, Japan announced it would end a ban on importing U.S. beef pending inspections of American meat processing plants. Audit teams will arrive this weekend and complete their work by July 21, Agriculture Secretary Mike Johanns said. Japan suspended shipments in January after inspectors found a veal shipment containing backbone, which Asian countries consider at risk for mad cow disease mad cow disease: see prion. mad cow disease or bovine spongiform encephalopathy (BSE) Fatal neurodegenerative disease of cattle. Symptoms include behavioral changes (e.g. . The cuts are considered safe in the United States and elsewhere, but Japan has stricter rules. |
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