FedEx Anticipates Busiest Day in its History

NEW YORK, June 18 — Wall Street sank Wednesday for the second consecutive day on renewed concern about the financial sector and FedEx’s warning that weakening demand and surging fuel costs would weigh on its profit in the coming year. More: continued here

Bellwether FedEx and technology heavyweight Oracle are scheduled to report quarterly earnings on Wednesday. More: continued here

FedEx Freight, a unit of FedEx Corp, said Monday it will cut about 900 jobs at 130 facilities, citing unprecedented economic conditions and aggressive pricing by carriers. More: continued here

It's Christmas- time and FedEx shipments are falling faster than GDP according to economic forecaster Lakshman Acuthan, whom I had lunch with today at our favorite place. At least 5% faster than the latest economic statistics for the whole economy. "FedEx shipments track well to GDP," the CEO of ECRI Forecasting […] More: continued here

Dec. 17 (Bloomberg) — FedEx Corp. stunned investors a week ago by slashing its annual profit forecast, sending the stock down the most in 21 years. Job cuts may be next at the shipper, a proxy for the U.S. economy. More: continued here

The Scottish Sun Irn-Bru being flogged on eBay as punters panic buy the Scottish …The Scottish SunGUTTED fans rushing to stock up on the fizzy drink turned to the online shopping site after shops were left bare. Some punters are even touting their wares as "pre sugar tax recipe"Irn-Bru auctioned on eBay as desperate fans…