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 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 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 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.
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 predicts better fiscal 1st-qtr profit due to improved international demand, cost cutsSeptember 11th, 2009 FedEx sees better fiscal 1Q earningsMEMPHIS, Tenn. — FedEx is raising its first-quarter earnings forecast, citing better-than-expected international shipments and cost-cutting.
Closure of American Greetings unit, Carlton Mexico, will cost $12M to $16MSeptember 10th, 2009 Carlton Mexico closure will cost $12M to $16MCLEVELAND — American Greetings Corp. said Thursday that the closure of its Carlton Mexico unit would cost $12 million to $16 million in severance pay, write-downs and other expenses.
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.
Analyst starts coverage of FedEx and UPS, says FedEx shares have more room to growAugust 18th, 2009 Sector Snap: Analyst starts coverage of FedEx, UPSNEW YORK — An RBC Capital Markets analyst initiated coverage on the world's two largest package delivery carriers on Tuesday, saying that FedEx Corp. shares might grow more as the economy begins to recover.
FedEx declares regular quarterly dividend of 11 cents, payable Oct. 1August 14th, 2009 FedEx sets 11-cent quarterly dividendMEMPHIS, Tenn. — FedEx Corp.
Appeals court upholds federal judge's decision to block FedEx class action lawsuitJuly 27th, 2009 Appeals court blocks FedEx class actionATLANTA — A federal appeals court ruled Monday that a group of FedEx Corp. employees who claim the company failed to pay them for all hours worked cannot form a class action group.
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, 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 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.
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