FedEx's freight unit President and CEO Doug Duncan to retire on Feb. 28September 22nd, 2009 FedEx's freight unit president and CEO to retireNEW YORK — FedEx Corp., the world's second largest package delivery company, said Tuesday the president and CEO of its freight unit will retire. The company said Tuesday in a filing with the Securities and Exchange Commission that Douglas G.
FedEx 1Q profit falls, sees improving economy but notes profit will stay weak this yearSeptember 17th, 2009 FedEx 1Q profit falls, sees improving economyNEW YORK — FedEx Corp. said Thursday it sees signs of improvement in the global economy as international shipments pick up, but warned its profit will remain weak at least through the end of the year.
FedEx 1Q earnings fall 53 percent; says profit will remain weak through end of yearSeptember 17th, 2009 FedEx 1Q earnings fall 53 percentNEW YORK — FedEx Corp. said Thursday its first-quarter earnings fell 53 percent — matching its prediction released last week — and warned its profit will remain weak through at least the end of the year.
FedEx signals improving global economy as it boosts 1st-qtr forecast on better int'l shipmentsSeptember 11th, 2009 FedEx boosts 1Q forecast, signals global recoveryNEW YORK — 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. Its shares leapt more than 6 percent in Friday trading.
FedEx shares jump as it boosts 1Q profit guidance on improved international demand, cost cutsSeptember 11th, 2009 FedEx boosts 1Q earnings guidance, shares upNEW YORK — FedEx Corp., the world's second largest package delivery company, raised its first-quarter earnings forecast on Friday, citing better-than-expected international shipments and cost-cutting. Its shares leapt more than 6 percent in midday trading.
FedEx boost 1Q profit guidance due to improved international demand, cost cut, shares jumpSeptember 11th, 2009 FedEx boosts 1Q earnings guidance, shares jumpMEMPHIS, Tenn. — FedEx Corp., the world's second largest package delivery company, raised its first-quarter earnings forecast on Friday, citing better-than-expected international shipments and cost-cutting.
Analyst lifts FedEx 2 notches to 'Outperform,' citing better volume, shaky competitorAugust 28th, 2009 Analyst lifts FedEx 2 notches to 'Outperform'NEW YORK — An analyst upgraded shares of FedEx Corp. to "Outperform" from "Underperform," saying slight improvements in global package volume, wage cuts and the possible bankruptcy of a major trucking company will drive earnings — and in turn, shares — higher.
FedEx CEO's compensation package fell 26 pct to $7.7M in fiscal 2009 amid layoffs, pay cutsAugust 18th, 2009 FedEx CEO compensation fell 26 pct in fiscal 2009NEW YORK — The top executive at FedEx Corp. saw his total compensation package drop by about 26 percent to $7.7 million in fiscal 2009 — a year in which thousands of employees were laid off and others took pay cuts, an Associated Press analysis shows.
FedEx declares regular quarterly dividend of 11 cents, payable Oct. 1August 14th, 2009 FedEx sets 11-cent quarterly dividendMEMPHIS, Tenn. — FedEx Corp.
FedEx posts widened 4th-qtr loss, but adjusted results top Wall Street's expectationsJune 17th, 2009 FedEx posts loss, but adjusted results top viewNEW YORK — FedEx says it posted a bigger fiscal fourth-quarter loss, weighed down by hefty one-time charges, but adjusted results came in well above expectations on Wall Street. The company said Wednesday it lost $876 million, or $2.82 per share, compared with a loss of $241 million, or 78 cents per share a year ago.
FedEx sees "extremely difficult" quarters ahead, after posting bigger 4th-quarter lossJune 17th, 2009 FedEx posts bigger loss, issues gloomy outlookNEW YORK — FedEx Corp. on Wednesday warned it expects "extremely difficult" conditions in the next two quarters, after the nation's second largest package shipper posted a bigger fiscal fourth-quarter loss due to hefty one-time charges and lower revenue.
FedEx sees "extremely difficult" quarters ahead, as business and consumers ship fewer packagesJune 17th, 2009 FedEx posts bigger loss with a gloomy outlookNEW YORK — FedEx, the nation's second largest package shipper, lost more money in the last quarter, as consumers and businesses downsized shipments and the company took over $1 billion in one-time charges. Memphis, Tenn.-based FedEx Corp.
FedEx to launch campaign against UPS over bill that would ease union organizingJune 8th, 2009 FedEx readies campaign against UPS over labor billNEW YORK — FedEx Corp. is set to launch a multimillion dollar marketing campaign on Tuesday against chief rival UPS Inc., arguing the world's largest shipping carrier is the driving force behind a bill that would make it easier for FedEx workers to unionize.
FedEx expects to take $1.2B in fiscal 4th-qtr charges related to acquisitions, employee costsJune 3rd, 2009 FedEx expects to take $1.2B in fiscal 4Q chargesNEW YORK — FedEx says it will book a total of $1.2 billion in charges in its fiscal fourth quarter as writedowns on the value of two acquisitions ended up being bigger than originally anticipated. The Memphis, Tenn.-based package delivery company said Wednesday it will take a noncash charge of about $900 million related to the 2004 purchase of Kinko's, now known as FedEx Office.
Former FedEx worker pleads guilty to tipping off thieves in NYC truck heist plotApril 24th, 2009 Ex-FedEx worker pleads guilty in NYC heist plotNEW YORK — A former FedEx worker admitted Thursday to tipping off thieves who hijacked a company truck in Manhattan and held its driver hostage for hours in a brazen but bungled heist, prosecutors said. Edward Flores pleaded guilty to participating in a conspiracy to commit robberies, including a second FedEx truck theft scheme that investigators foiled shortly before it was to happen, the U.S.
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