Dec. 9 (Bloomberg) — U.S. stocks slid, halting a two-day advance, after companies from FedEx Corp. to Danaher Corp. forecast earnings that disappointed investors as the deepening recession crimps sales. More: continued here
Read More »FedEx Lowers 2009 Earnings Forecast (New York Times)
The FedEx Corporation reduced its forecast for fiscal 2009 earnings and capital spending as the slumping economy cut into package deliveries. More: continued here
Read More »U.S. Stocks Drop on Profit Outlook; FedEx Shares Retreat (Bloomberg)
Dec. 9 (Bloomberg) — U.S. stocks fell, halting a two-day advance, after companies from FedEx Corp. to Danaher Corp. forecast earnings that disappointed investors as the deepening recession crimps sales. More: continued here
Read More »U.S. Stock Futures Swing Between Gains, Losses; FedEx Slumps (Bloomberg)
Dec. 9 (Bloomberg) — U.S. stock-index futures drifted between gains and losses as speculation that government stimulus programs will boost the economy offset forecasts from FedEx Corp. and Texas Instruments Inc. that disappointed investors. More: continued here
Read More »FedEx Tumbles Most in 21 Years After Paring Forecast (Update2) (Bloomberg)
Dec. 9 (Bloomberg) — FedEx Corp. , the second-biggest package-delivery company, tumbled the most since 1987 in New York trading after cutting its annual profit outlook because of dwindling demand. More: continued here
Read More »U.S. Stock-Index Futures Drop; FedEx, Texas Instruments Retreat (Bloomberg)
Dec. 9 (Bloomberg) — U.S. stock futures fell, indicating the market may halt a two-day advance, after companies from FedEx Corp. to Texas Instruments Inc. forecast earnings that disappointed investors as the recession crimps sales. More: continued here
Read More »FedEx slashes fiscal 2009 profit outlook (USA Today)
FedEx cut its forecast for fiscal 2009 earnings and capital spending on Monday as the slumping economy cut into package deliveries. More: continued here
Read More »Before the Bell: Texas Instruments, Sony, FedEx in the spotlight (Market Watch)
Stock market futures edged lower, reversing early gains, as investors eyed reduced earnings forecasts from Texas Instruments, FedEx Corp. and others, while lawmakers pressed forward with a rescue package for the auto industry. More: continued here
Read More »FedEx hikes LTL rates (Journal of Commerce Online)
FedEx Freight and FedEx National LTL will implement 5.7-percent general rate increases effective Jan. 5, 2009. The GRI will apply to interstate and intrastate traffic, as well as certain shipments between the United States and Canada and Mexico. More: continued here
Read More »FedEx Slashes 2009 Profit Target (TheStreet.com)
Shares of the package carrier fall nearly 8%. More: continued here
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