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MEMPHIS, Tenn.--(BUSINESS WIRE)--The Board of Directors of FedEx Corporation (NYSE: FDX - News) today declared a quarterly cash dividend of $0.11 per share on FedEx Corporation common stock. The dividend is payable October 1, 2008 to stockholders of record at the close of business on September 10, 2008.
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| | Discuss: FedEx employee charged with stealing 146 guns | | |  FedEx employee charged with stealing 146 guns - NJ.com
A FedEx cargo handler stole 146 handguns from the Monmouth County facility where he worked and enlisted a friend to help sell the weapons at public housing projects in Jersey City and on the streets of Newark and East Orange, federal investigators said Tuesday.
The scheme began to fall apart when frustrated residents complained to Jersey City police, who then used a sting operation to capture the suspects, authorities said.
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| | Discuss FedEx says court has given OK to its lawsuit against ATA | | | FedEx says court has given OK to its lawsuit against ATA - Indy Star
A bankruptcy court has cleared the way for cargo hauler FedEx to sue bankrupt Indianapolis passenger carrier ATA Airlines, FedEx said Monday. In April, ATA canceled flights, permanently closed and filed for bankruptcy. ATA contends FedEx took away a crucial Pentagon charter contract that ATA relied on as a kind of subcontractor to the cargo airline.
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| | Discuss: FedEx downgraded to equal-weight at Morgan Stanley on higher fuel prices | | | FedEx downgraded to equal-weight at Morgan Stanley on higher fuel prices - Trading Markets
Package carriers face potentially far-reaching changes in air shipping patterns because of high fuel prices, according to Morgan Stanley, which downgraded FedEx Corp. Wednesday to equal-weight from overweight and maintained its equal-weight rating on United Parcel Service Inc.
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| | Discuss: TNT plummets on report FedEx talks called off | | | TNT plummets on report FedEx talks called off - Reuters
Shares in Dutch mail company TNT NV (TNT.AS) fell as much as 18 percent in late afternoon trade on Thursday after the Wall Street Journal reported that takeover talks with FedEx (FDX.N) had ended.
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| | Discuss: FedEx chief says U.S. is not in a recession | | | FedEx chief says U.S. is not in a recession - Asbury Park Press
FedEx Corp. Chief Executive Officer Fred Smith said the U.S. economy isn't in a recession and that oil prices will "drift down for a while.''
"I don't think we're in a recession,'' Smith, 63, said today in a Bloomberg Television interview from FedEx's headquarters in Memphis, Tenn. "We're in a period of extremely low growth brought on by high fuel prices and the financial meltdown.''
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A friendship founded on business is better than a business founded on friendship.|John D. Rockefeller (1874-1960)
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