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FedEx prepares for surge in holiday shipments
FedEx anticipates moving more than 22 million shipments around the world on Cyber Monday, Dec. 2 —its busiest day in company history. The 11% year-over-year increase will be driven by online retailers feeding the FedEx Ground and FedEx SmartPost networks.
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Report: Buyout firms eye Safeway
Pleasanton, Calif. – Several buyout firms are reportedly considering attempting a partial or total purchase of Safeway Inc., with Cerberus Capital Management LP among the potential bidders, according to Reuters.
Safeway has retained Goldman Sachs Group Inc. as an advisor, the report said.