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The Latest FedEx Headlines
More job and pay cuts at FedEx as 3Q profit sinks
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<blockquote data-quote="cheryl" data-source="post: 501659" data-attributes="member: 1"><p><strong>More job and pay cuts at FedEx as 3Q profit sinks - Yahoo</strong></p><p></p><p>FedEx Corp. said Thursday it plans to cut more jobs and trim wages again, as the company reported its fiscal third-quarter profit tumbled 75 percent on severe weakness in the global economy.</p><p></p><p>The Memphis, Tenn.-based company, often seen as a bellwether for the U.S. economy, said it earned $97 million, or 31 cents per share, compared with $393 million, or $1.26 a year earlier.</p><p></p><p>Revenue fell 14 percent to $8.14 billion, from $9.44 billion.</p></blockquote><p></p>
[QUOTE="cheryl, post: 501659, member: 1"] [B]More job and pay cuts at FedEx as 3Q profit sinks - Yahoo[/B] FedEx Corp. said Thursday it plans to cut more jobs and trim wages again, as the company reported its fiscal third-quarter profit tumbled 75 percent on severe weakness in the global economy. The Memphis, Tenn.-based company, often seen as a bellwether for the U.S. economy, said it earned $97 million, or 31 cents per share, compared with $393 million, or $1.26 a year earlier. Revenue fell 14 percent to $8.14 billion, from $9.44 billion. [/QUOTE]
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More job and pay cuts at FedEx as 3Q profit sinks
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