DETROIT, June 19 (Reuters) – FedEx Corp. reported a larger fourth-quarter loss, due to charges at two units that have been hit by the recession, but gave a low outlook for the current quarter, citing the continued downturn and rising fuel prices.
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U.S. stocks fell on Thursday as the dollar rebounded, diminishing the appetite for risky assets, while FedEx forecast profits below estimates and Citigroup got a cool reception for its stock offering. More: continued here
China Grants FedEx, UPS Service in Certain Cities More: continued here
138 drivers from 45 states representing FedEx Corp. operating companies will compete in the National Truck Driving Championships in Pittsburgh, August 12-16. More: continued here
eBay Inc (NASDAQ:EBAY) Details Of Workplace DiversityUSTrade VoiceDallas, Texas 08/01/2014 (ustradevoice) – eBay Inc (NASDAQ:EBAY), called as the most gender equal technology company, still believes in hiring more men. It has got almost 33,000 employees. It has provided the details of its workplace diversity.White men doing very well in Silicon ValleyNASDAQall 2 news articles » More:…
FedEx President, Chairman and CEO Fred Smith said today that economist Arthur Laffer must have misunderstood him last week in Memphis because Smith said he's "never taken a position" on Tennessee's estate tax and has no plans to leave Tennessee. More: continued here
In the latest lawsuit that attempts to define the line between independent entrepreneur and employee, the court ruled that FedEx Ground drivers are employees, not independent contractors. More: continued here