Stocks Up on Lower Jobless Claims (SNE, FDX)

Major indices were up today on news that jobless claims were down by 1,000 for the week, and on signs of progress in Europe. In corporate news, Sony (SNE) posted $5.6 billion in losses for their fiscal year, and a 10 percent drop in sales. FedEx (FDX) will be acquiring TATEX, a privately held French company that performs a similar service.

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Published on May 10, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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