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FedEx boosts 1Q forecast, signals global recovery (The Day)

FedEx Corp., the world’s second-largest package delivery company, on Friday offered a signal that the global economy is improving, as it raised its first-quarter earnings forecast on better-than-expected international shipments and cost cuts. The company’s performance is seen as a key indicator of overall economic health, but FedEx hesitated to predict when a recovery may ramp up. ”Despite some …

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