U.S. stocks headed for a lower open Wednesday as oil prices rose and after FedEx Corp. warned that weakening demand and surging fuel costs would likely leave its fiscal 2009 profit well below what Wall Street had been predicting. More: continued here
Read More »FedEx swings 4Q loss; issues slim guidance (AP via Yahoo! News)
FedEx says it swung to a loss in the fourth-quarter because of high fuel costs and issued an earnings guidance that is well below Wall Street’s expectations. More: continued here
Read More »Fuel costs wreck FedEx profit; company warns about future (USA Today)
FedEx says it swung to a loss in the fourth-quarter because of high fuel costs and issued an earnings guidance that is well below Wall Street’s expectations. More: continued here
Read More »Stocks open lower as FedEx issues profit warning (AP via Yahoo! News)
Stocks are lower in early trading following a FedEx Corp. warning that weakening demand and surging fuel costs will likely leave its fiscal 2009 profit well below what Wall Street has predicted. More: continued here
Read More »FedEx swings to 4Q loss; guidance disappoints (AP via Yahoo! News)
FedEx Corp. reported a fourth-quarter loss Wednesday that missed Wall Street expectations and it offered a gloomy outlook for its shipping business that showed how much higher fuel prices are eating into profits. More: continued here
Read More »FedEx posts loss, gives low forecast; blames fuel (Reuters via Yahoo! News)
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
Read More »FedEx posts loss on fuel and economy (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 »Futures fall on FedEx earnings, outlook (Reuters via Yahoo! News)
Stock index futures extended losses 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 Reports Loss on Fuel Costs, Kinko’s Writedown (Update1) (Bloomberg.com)
June 18 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, reported a fourth-quarter loss of $241 million, reflecting rising fuel costs and a writedown on the FedEx Kinko’s unit. More: continued here
Read More »FedEx swings 4Q loss on high fuel, slowing demand (AP via Yahoo! Finance)
FedEx says it swung to a fiscal fourth-quarter loss, hurt by high fuel prices and slowing growth in its domestic package business. More: continued here
Read More »