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San Fransisco Chronicle (Free subscription) | 05/14/2008
FedEx Corp. has named Brian D. Philips president and chief executive of FedEx Kinko's, the parent shipping company's office and print services division. Philips had been acting chief executive of FedEx Kinko's since the end of March, when former CEO Ken May...
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Boston Globe (Free subscription) | 05/12/2008
After FedEx Corp. cut its fiscal 2008 forecast this weekend, analysts said higher fuel costs and decreased demand will weaken the shipping company's profit into fiscal 2009 as well.
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Reuters UK (Free subscription) | 05/12/2008
CHICAGO (Reuters) - FedEx Corp's Friday reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small U.S. trucking companies that have been hammered by both.
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Market Watch (Free subscription) | 05/12/2008
SAN FRANCISCO (MarketWatch) -- FedEx Corp. shares dipped 1.3% to $89.21 on Monday, in the first regular trading session since the delivery giant warned that fourth-quarter profit is poised to miss prior targets. The stock, which is down almost 18% in the past year, initially dropped more than 3% in Friday's extended session on the news. Rival United Parcel Service Inc. , which has also...
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The Earth Times Online Newspaper (Free subscription) | 05/12/2008
NEW YORK (Reuters) - Stocks were little changed on Monday as the dollar's rise helped to push oil prices lower, but gains were offset after Fedex Corp, a package delivery company seen as a barometer of economic activity, slashed its earnings forecast.
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Business Wire (Free subscription) | 05/09/2008
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per
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The Earth Times Online Newspaper (Free subscription) | 05/09/2008
MEMPHIS, Tenn. - FedEx Corp. (NYSE: FDX) today announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast of $1.60 to $1.80. “
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Yeshiva World News (Free subscription) | 05/09/2008
FedEx Corp. (NYSE: FDX) today announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast of $1.60 to $1.80. “Since we provided earnings guidance for the fourth quarter in March when the crude oil price was [...]
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Market Watch (Free subscription) | 05/10/2008
FedEx Corp. warns that fourth-quarter earnings are poised to come up well short of prior targets, adding that if oil prices continue to rise from this point, there will likely be even more damage to the bottom line.
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The Earth Times Online Newspaper (Free subscription) | 05/08/2008
CHICAGO (Reuters) - A shareholder of FedEx Corp filed a lawsuit against the package delivery company's board on Thursday alleging the directors exposed the company to damages by misclassifying employees as contractors.