Key Currency Exchange Rates for Friday, 1/12/18

Authorities say nobody has been hurt after a contractor accidentally cut an underground crude oil pipeline in Central Texas and caused about 50,000 gallons (189,265 liters) to spill. A spokesman with Magellan Midstream Partners of Tulsa, Oklahoma, says cleanup has begun at the rural site near Bastrop, about 30 miles (48 kilometers) east of Austin. Emergency responders ordered a 1-mile (1.6-kilometer) area evacuated around the spill location, as a precaution. Nearby Farm-to-Market 20 was closed in both directions. Click Read More below for more of the story.

FedEx Corp. is announcing today at its DRIVE Investor Event that it will consolidate its operating companies into one organization, creating efficiencies that will enhance the company's ability to meet the evolving needs of customers and ultimately build a stronger, more profitable enterprise. This phased transition, with full implementation expected in June 2024, will ultimately bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into Federal Express Corporation, becoming a single company operating a unified, fully integrated air-ground network under the respected FedEx brand. FedEx Freight will continue to provide less-than-truckload freight transportation services as a stand-alone company under Federal Express Corporation. Raj Subramaniam will serve as President and CEO of the combined organization.

American Dollar to: Canadian Dollar 0.732660; Chinese Yuan 0.139433; Euro 1.171775; Japanese Yen .006917; Mexican Peso 0.053012.