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Investors Like FedEx's Cost-Cut Plans

NEW YORK (AP) — Investors reacted positively to FedEx ( NYSE: FDX ) stock today as the world's second-largest package delivery company promised to boost profits by shedding jobs, aircraft, and underused assets. More: continued here

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FedEx will cut thousands of jobs

Memphis-based shipping giant FedEx plans to shed thousands of jobs. And this morning Fred Smith, FedEx President, Chairman, and CEO, will hold a meeting at 10 a.m. to give further details. More: continued here

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