FedEx

FedEx reported a fourth-quarter loss and offered a gloomy outlook as it wrestled with a slumping American economy and soaring fuel costs. More: continued here

A bearish outlook from U.S. parcel delivery service FedEx and revived worries about banks sent U.S. and European stocks sharply lower on Wednesday while U.S. government bonds extended a two-day rally on a renewed bid for safety. More: continued here

MEMPHIS, Tenn. — FedEx Corp. reported a fourth-quarter loss Wednesday and offered a gloomy outlook as it wrestles with a slumping U.S. economy beset by soaring fuel costs and falling prices for homes. More: continued here

Package delivery company FedEx Corp posted a quarterly loss on Wednesday due to high fuel prices, a weak U.S. economy and a previously announced write-down, and issued a weak forecast for fiscal 2009. More: continued here

FedEx issued a nasty surprise to Wall Street this morning. More: continued here

Stocks extended their declines Wednesday amid renewed concerns about the financial sector and after FedEx Corp. warned that weakening demand and surging fuel costs would weigh on fiscal 2009 profits. More: continued here

Stocks extended their declines Wednesday amid renewed concerns about the financial sector and after FedEx warned that weakening demand and surging fuel costs would weigh on fiscal 2009 profits. The drop pushed the Dow Jones industrial average down about 150 points, sometimes sending it below 12,000 for the first time …

FedEx may be the canary in the coal mine. More: continued here

Wall Street took a tumble Wednesday on renewed concerns about the financial sector and FedEx Corp.’s warning that weakening demand and surging fuel costs would weigh on profits in the coming year. More: continued here

U.S. stocks drop as economic bellwether FedEx Corp. delivers disappointing results and Fifth Third Bancorp trims its dividend, highlighting rising energy prices and the ongoing credit crisis. More: continued here