June 18 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, reported a fourth-quarter loss and forecast profit that fell short of analysts’ estimates, sending the shares down as much as 4.7 percent. More: continued here
Read More »After FedEx, investors fear flood of poor profit outlooks (Reuters via Yahoo! News)
FedEx Corp , the package delivery company, may be the canary in the coal mine with investors expecting a large number of profit warnings from companies struggling with soaring commodity input costs and a sluggish economy. More: continued here
Read More »FedEx shares fall on results (Reuters via Yahoo! News)
Package delivery company FedEx Corp on Wednesday forecast a weak fiscal 2009 after posting a quarterly loss it blamed on rising fuel prices, an ailing U.S. economy and a previously announced write-down. More: continued here
Read More »Bank, economic jitters, FedEx sink stocks (Reuters via Yahoo! News)
Stocks ended lower on Wednesday and the Dow hit its lowest close in three months as worries over a weak economy, a bleak outlook from FedEx Corp and gloomy news pointing to more trouble in the financial sector rattled investors. More: continued here
Read More »Market opens lower on FedEx, banks (Reuters via Yahoo! News)
Stocks fell at the open on Wednesday after FedEx Corp reported quarterly results and gave a dismal outlook due to high fuel prices and a weak U.S. economy. More: continued here
Read More »Market set to fall on FedEx, banks (Reuters via Yahoo! News)
Wall Street looked set for a weaker market open on Wednesday after FedEx Corp reported quarterly results and gave a dismal outlook due to high fuel prices and a weak U.S. economy. More: continued here
Read More »FedEx posts loss on fuel, economy; warns for ’09 (Reuters via Yahoo! News)
FedEx Corp on Wednesday reported a quarterly loss, citing record-high fuel prices, a weak U.S. economy and a previously announced write-down due to the package delivery company’s decision to change the name of FedEx Kinko’s. More: continued here
Read More »U.S. Stock-Index Futures Fall; FedEx, Fifth Third Shares Drop (Bloomberg.com)
June 18 (Bloomberg) — U.S. stock-index futures fell after FedEx Corp.’s results trailed analysts’ estimates and Fifth Third Bancorp. said it will cut its dividend and sell shares and assets to raise capital. More: continued here
Read More »FedEx reports quarterly loss (Reuters via Yahoo! News)
FedEx Corp on Thursday reported a quarterly loss, citing a previously announced write-down due to the package delivery company’s decision to change the name of FedEx Kinko’s, plus record high fuel prices and a weak U.S. economy. More: continued here
Read More »FedEx swings to fourth-quarter loss on charge, fuel, economy (Market Watch)
FedEx Corp. swings to a fiscal fourth-quarter loss from a year-earlier profit, reflecting a $696 million after-tax asset-impairment charge tied to the acquisition of Kinko’s and hurt by the surge in fuel prices and the weak U.S. economy. More: continued here
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