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FedEx Corp. Issues Update on Status of Tentative IRS Assessment Regarding Worker Classification at FedEx Ground (Business Wire via Yahoo! Finance)

MEMPHIS, Tenn.—-FedEx Corp. today announced that, in response to a tentative assessment by the Internal Revenue Service on December 20, 2007 regarding the classification of owner-operators at FedEx Ground, the Company is preparing to meet with the IRS audit team to review their tentative assessment and to provide an initial …

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FedEx Lower On Downgrade (Nasdaq)

(RTTNews) – Shares of FedEx (FDX) dropped on Wednesday, hurt by an analyst’s downgrade. The slide took the stock to a 12-week low. The stock fell in the opening half-hour and then dropped sharply at 10 a.m. ET, when disappointing economic statistics were released. More: continued here

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