FedEx

DETROIT, Jun 17 (Reuters) Package delivery giant and U.S. economic bellwether FedEx Corp said the next two quarters will be ”extremely difficult” as the recession and higher fuel prices bite into its bottom line, but said the pace of economic decline appears to be slowing. More: continued here

FedEx Corp reported a larger quarterly loss on Wednesday and gave an outlook well below Wall Street estimates for the current period, citing the recession’s impact on package volumes and rising fuel costs that will hit its bottom line. More: continued here

FedEx, the nation’s second largest package shipper, lost more money in the last quarter, as consumers and businesses downsized shipments and the company took over $1 billion in one-time charges. More: continued here

A cautious forecast from FedEx Corp. and a ratings downgrade of 18 banks gave investors new reasons to worry about the economy. More: continued here

A big drop in revenue at FedEx confirms that the economy was lousy last quarter. The company’s outlook isn’t reassuring investors. More: continued here

Stocks slipped on Wednesday, weighted by a downgrade of 22 banks by Standard and Poor’s and a disappointing earnings outlook from economic bellwether FedEx Corp . More: continued here

FedEx warned it expects earnings well below analysts’ views in the next quarter, after posting a bigger fiscal fourth-quarter loss due to hefty one-time charges on Wednesday. More: continued here

A cautious forecast from FedEx Corp. and a downgrade of 18 banks from a credit rating agency are giving investors new reasons to worry about the economy. More: continued here

US package delivery giant FedEx reported Wednesday an 876-million-dollar quarterly loss and warned of lower earnings in the next quarter amid a recession. More: continued here

A cautious forecast from FedEx Corp. and a downgrade of banks from a credit rating agency are giving investors new reasons to worry. More: continued here