FedEx

Package delivery giant FedEx Corp reported a higher profit for its fiscal second quarter, meeting expectations, but announced a 20 percent pay cut for CEO Fred Smith and said it was suspending retirement plan contributions as the U.S. economy’s outlook looks bleak. More: continued here

US delivery giant FedEx said Thursday it was slashing salaries for many employees in a further belt-tightening to cope with the global economic downturn. More: continued here

Package delivery giant FedEx Corp reported a higher profit for its fiscal second quarter, meeting expectations, but offered a grim view of the economy in 2009 and said it is taking action to cut costs. More: continued here

FedEx reported higher quarterly earnings and revenue, but said Thursday that it has been challenged by poor economic conditions during the second quarter ending November 30th. More: continued here

NEW YORK — FedEx Corp. on Thursday announced more broad cost cuts _ including salary reductions _ as deteriorating economic conditions continue to drag down demand, warning the outlook for 2009 remains murky. More: continued here

FedEx Corp. on Thursday announced more broad cost cuts — including salary reductions — as deteriorating economic conditions continue to drag down demand, warning the outlook for 2009 remains murky. More: continued here

Package delivery giant FedEx Corp reported a higher profit for its fiscal second quarter, meeting expectations, but announced a 20 percent pay cut for CEO Fred Smith and said it was suspending pension contributions as the U.S. economy’s outlook looks bleak. More: continued here

Dec. 18 (Bloomberg) — FedEx Corp. cut Chief Executive Officer Fred Smith ’s pay by 20 percent and will trim smaller amounts from U.S. salaried employees as the package shipper struggles with the longest recession in a quarter century. More: continued here

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Package delivery giant FedEx Corp on Thursday reported a higher quarterly net profit that was lifted by falling fuel costs and met expectations, but the company gave a grim view of the economy in 2009 and said it was taking action to cut costs. More: continued here