FedEx swings 4Q loss; issues slim guidance (AP via Yahoo! News)
FedEx says it swung to a loss in the fourth-quarter because of high fuel costs and issued an earnings guidance that is well below Wall Street’s expectations. More: continued here
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Amazon halts SA Post Office deliveries – The Times
Amazon halts SA Post Office deliveriesThe Times, South Africa –34 minutes agoRampant theft by Post Office workers has infuriated the Internet retailing giant Amazon so much that it will no longer send goods to SA by post. … More: continued here
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Demo over Post Office closure plan – Bucks Free Press
Whitehaven News Demo over Post Office closure planBucks Free Press, UK –2 hours agoBy Oliver Evans PROTESTORS brandishing placards took to the streets to protest Post Office closures just hours after plans were announced. …Post Office confirms 35 branches to closeWhitehaven NewsHasmuch Patel: His Little Heath post office is set to closeTimes 24Council's anger at post office…
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Fuel costs wreck FedEx profit; company warns about future (USA Today)
FedEx says it swung to a loss in the fourth-quarter because of high fuel costs and issued an earnings guidance that is well below Wall Street’s expectations. More: continued here
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eBay offers free subscription in Punjab for 3 mnth – Business Standard
eBay offers free subscription in Punjab for 3 mnthBusiness Standard, India –8 minutes agoPTI / Chandigarh June 18, 2008, 19:08 IST Finding Punjab a promising market for online trading, leading e-commerce website– eBay India today announced to … More: continued here
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Royal Mail Flight Rejection Puts Mail On Road – Hell Mail
Royal Mail Flight Rejection Puts Mail On RoadHell Mail, UK –2 hours agoRoyal Mail has been denied a request to fly in mail during the week via Southampton at 2.30 in the morning. Royal Mail says it will lead to delays of up to …Night flights plan groundedthis is hampshire.netall 3 news articles More: continued here
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Stocks open lower as FedEx issues profit warning (AP via Yahoo! News)
Stocks are lower in early trading following a FedEx Corp. warning that weakening demand and surging fuel costs will likely leave its fiscal 2009 profit well below what Wall Street has predicted. More: continued here
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CWU conference: No more cheques in the post for Labour? – Socialistworker.co.uk
CWU conference: No more cheques in the post for Labour?Socialistworker.co.uk, UK –19 hours agoBut Hayes also reaffirmed his commitment to ballot the CWU’s members if the government and Royal Mail did not retreat on its pensions attack and its threat … More: continued here
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FedEx swings to 4Q loss; guidance disappoints (AP via Yahoo! News)
FedEx Corp. reported a fourth-quarter loss Wednesday that missed Wall Street expectations and it offered a gloomy outlook for its shipping business that showed how much higher fuel prices are eating into profits. More: continued here
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FedEx posts loss, gives low forecast; blames fuel (Reuters via Yahoo! News)
Package delivery company FedEx Corp posted a quarterly loss on Wednesday due to high fuel prices, a weak U.S. economy and a previously announced write-down, and issued a weak forecast for fiscal 2009. More: continued here