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FedEx Issues Lowered 4th Quarter Earnings Forecast (The Memphis Flyer)

The faltering U.S. economy and rising fuel costs have dealt a blow to Memphis’ delivery giant, FedEx. FedEx cut its expectations for fourth-quarter earnings to be $1.45 to $1.50 a share, compared to its prior forecast of $1.60 to $1.80 a share …

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