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FedEx settles hiring probe for $3 million

(Reuters) – FedEx Corp will pay back wages and interest to more than 21,000 people rejected for jobs in a $3 million settlement of a bias case brought against two of the company's units by the U.S. Department of Labor. FedEx Ground Package System Inc and FedEx SmartPost Inc were …

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FedEx says profit up 126%, but warns of weak economy

FedEx more than doubled its profit in its third quarter, thanks to a record holiday season. But the cheery results were dampened by the delivery company's lukewarm outlook for the economy as well as a $3-million payout it will make to settle federal hiring-discrimination charges. More: continued here

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FedEx Outperforms on Record Volume

FedEx third quarter's earnings surpassed the Zacks Consensus Estimate by 19 cents and the year-ago earnings by 74 cents on strong yields, record holiday shipping and a solid performance by FedEx Ground…. More: continued here

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FedEx shares down on outlook

SAN FRANCISCO (MarketWatch) — FedEx shares fell 4% to $92.23 early Thursday. FedEx trimmed its global economic growth forecast due to euro zone weakness and issued a its fourth-quarter profit outlook of $1.75 to $2 a share. Analysts are expecting FedEx to earn $2, according to FactSet. FedEx also said …

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