FedEx's CEO `Cautiously Optimistic' on Fiscal Cliff
Dec. 6 (Bloomberg) -- Fred Smith, chief executive officer of FedEx Corp., talks about the U.S. economy and trade, federal budget negotiations between lawmakers and the likelihood that they'll be able to avert the so-called year-end fiscal cliff of automatic budget cuts and tax increases. Smith, speaking to the Economic Club of Washington, said he's "cautiously optimistic" that Republicans and Democrats will reach a deal. (Source: Bloomberg)
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BNP 1Q Net Profit Rises on Lower Loan-Loss Provisions
18:01 - BNP Paribas SA, France’s largest bank, posted a surprise increase in first-quarter profit as a decline in provisions for bad loans helped outweigh a slump in trading revenue. Net income rose 10 percent to 1.81 billion euros ($2.1 billion) from 1.65 billion euros a year earlier, the Paris-based bank said in a statement Tuesday. Bloomberg's Caroline Connan spoke to the bank's Chief Financial Officer Lars Machenil about the numbers.