FedEx

Shipping giant FedEx (FDX), which is often considered a barometer for the economy, became the latest company to slash its earnings guidance due to the recession. More: continued here

A UBS analyst cut his rating on FedEx Corp. after the shipper’s latest profit warning proved larger than expected, due to the slumping economy’s effect on package deliveries. More: continued here

A new FedEx distribution center being considered for East Hempfield Township would be a $32 million project.It would lead to more than 200 jobs within five years, and if all goes as hoped, construction would start at its Route 283/State Road site by spring 2010 and open a year later.That’s …

A UBS analyst cut his rating on FedEx Corp. after its latest profit warning was larger than expected as the slumping economy cut into package deliveries, sending its shares lower. More: continued here

Only months after expanding in Indianapolis, FedEx could scale back on one night a week to cut costs as the global economy cools. More: continued here

Dec. 9 (Bloomberg) — FedEx Corp. tumbled as much as 13 percent in New York trading and trucker Con-way Inc. fell to an eight-year low after the two companies cut their annual profit outlooks because of dwindling freight demand. More: continued here

Novellus lowers 4Q revenue estimates, cuts 350 jobsSan Jose Mercury News,  USA –31 minutes agoEBay, the world's largest online auctioneer, and its PayPal unit won an appeals court ruling that they don't infringe two patents for Internet billing owned … More: continued here

Dec. 9 (Bloomberg) — U.S. stocks drifted between gains and losses as a rally in energy and technology shares offset earnings forecasts that disappointed investors at companies from Danaher Corp. to FedEx Corp. More: continued here

An analyst on Tuesday urged caution on the part of investors across the transportation sector, after FedEx Corp. sliced its earnings prediction for next year amid further slumping demand. More: continued here

Dec. 9 (Bloomberg) — FedEx Corp. tumbled the most since 2002 in New York trading and trucker Con-way Inc. fell to an eight-year low after the two freight companies cut their annual profit outlooks because of dwindling demand. More: continued here