NEW YORK (AP) — The latest on developments in financial markets (All times local):11:45 a.m.Banks, insurers and other financial companies led U.S. stocks slightly higher in midday trading.Technology stocks also helped lift the market Tuesday, while health
Shipping rates are on the rise for several segments of Memphis-based FedEx Corp. FedEx Express will raise shipping rates by an average of 4.9 percent for U.S. domestic, U.S. export and U.S. import services. FedEx One Rate — flat rate shipping that does not require weighing or measuring shipments under 50 pounds — will increase pricing by an average of 3.5 percent.
T-Mobile (TMUS) and Sprint (NYSE:S) are in active talks about a merger, according to people close to the situation. Both companies and their parents, Deutsche Telekom and Softbank, have been in frequent conversations about a stock-for-stock merger in which T-Mobile parent Deutsche Telekom would emerge as the majority owner. People close to the situation stress that negotiators are still weeks away from finalizing a deal and believe the chances of reaching an agreement are not assured.