FedEx plans to stop using the Kinko’s name on its copy and office service stores and book an $891 million charge for the quarter that ended Saturday. The charge relates to a decision about the use of the Kinko’s name and a write-down of the value of its acquisition of the brand. The charge, which works out to $2.22 a share, was not part of FedEx’s earnings forecast. The company reports its …
More: continued here
