Challenging Quarter Show That FedEx's Complex Restructuring Got Messy
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant transformation led by CEO Raj Subramaniam. The parcel giant reported a sharp fall in profits due to weak demand for high-margin speedy delivery services and lowered its annual revenue forecast.
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers ...
An unexpectedly aggressive rate cut by the Federal Reserve helped propel stocks higher on Thursday. However, a warning from ...
The Federal Reserve announced Wednesday a deep 50 basis-point cut to its Fed funds rate, which is likely to ease the pressure ...
FedEx said the investment would help streamline ... though gains were capped by persistent demand worries and weaker China data. Financecategory PwC invests in 'high quality' business in China ...
Three giant pandas departed the National Zoo in Washington, DC, on Wednesday and are heading for China. So how, exactly, does one transport a 200-pound panda, let alone three of them? Via FedEx ...
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this ...
The People’s Bank of China announced that its five-year loan prime rate, which affects borrowing costs for households, would stay at 3.85 per cent and its one-year rate, which is tied to business ...
Go back 15 years to find Tiger Woods deciding to play the postseason opener for the first time, a big boost in the third ...
India's Adani Total Gas said on Friday it has secured maiden financing worth $375 million, which it would use to expand its ...
A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a ...
U.S. stocks are hovering around the records they set the day before during a worldwide rally. The S&P 500 slipped 0.2% in ...
Mercedes-Benz revised down its full-year profit outlook for the second time in under two months, following a continued slump ...
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