Here are Tuesday’s top stories:
FedEx Corporation (NYSE:FDX) and United Parcel Service, Inc. (NYSE:UPS) prospects might be affected by the USPS missing its $5.5 billion payment due to United States Treasury to provide healthcare for future retirees. In addition, the overextended postal service will have to skip a $5.6 billion payment due on September 30th as it waits for Congress to help. However, such pending legislation is being held up by certain House of Representatives members until after the elections so as to not have to vote on a proposal that might eliminate jobs in their districts (classy!). If Saturday deliveries are cut back or ceased, FedEx and UPS could certainly benefit.
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Fast-food companies such as McDonald’s Corporation (NYSE:MCD), Jack In The Box (NYSE:BOX), and The Wendys Company (NYSE:WEN) might want to monitor the aggressive northward expansion of Chick-fil-A, the highly successful franchise chain that is an institution in the South. The latter claims an industry-best average sales per location figure of $2.9 million.
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