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 ...
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 ...
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 ...
Surrey achieved a hat-trick of County Championship titles when Somerset, their nearest rivals, disintegrated at Old Trafford and lost to Lancashire. It is the first such hat-trick that any county has ...
A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a ...
The weather was about as bad as it gets, in terms of dense fog. The pilots of a FedEx cargo plane couldn’t see the runway or the airfield at Austin-Bergstrom International Airport. But they’re ...
An injured Minnesota FedEx driver says she was placed on unpaid medical leave and later fired without being offered accommodations to return to work, despite her requests. Now the Equal Employment ...
The US Federal Reserve will announce its latest interest-rate decision. The consensus is that the Fed fund rate will be cut by 0.25% to 5.25%. However, some believe that it could be reduced by as much ...
Top FedEx regulatory and government affairs lawyer Gina Adams will become general counsel next month, succeeding 42-year company veteran Mark Allen, who is retiring after serving as legal chief ...
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 ...
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply ...
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