Home / FedEx / FedEx swings to fourth-quarter loss on charge, fuel, economy (Market Watch)

FedEx swings to fourth-quarter loss on charge, fuel, economy (Market Watch)

FedEx Corp. swings to a fiscal fourth-quarter loss from a year-earlier profit, reflecting a $696 million after-tax asset-impairment charge tied to the acquisition of Kinko’s and hurt by the surge in fuel prices and the weak U.S. economy.

More: continued here

About admin

Check Also

Amazon.com will stop shipping to Australia from July 1 | afr.com – The Australian Financial Review

The Australian Financial Review Amazon.com will stop shipping to Australia from July 1 | afr.comThe …

Leave a Reply

Your email address will not be published. Required fields are marked *