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Discuss: FedEx to take Q4 $900mln charge as recession bites

This is a discussion on Discuss: FedEx to take Q4 $900mln charge as recession bites within the The Latest FedEx Headlines forums, part of the The Competition category; FedEx to take Q4 $900mln charge as recession bites - Reuters FedEx Corp said on Wednesday that it would record ...
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Old 06-04-2009, 08:36 AM   #1
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Default Discuss: FedEx to take Q4 $900mln charge as recession bites
FedEx to take Q4 $900mln charge as recession bites - Reuters
FedEx Corp said on Wednesday that it would record a fourth-quarter impairment charge of $900 million related to two acquisitions that have been hit by weak economic conditions.

The majority of the charge is related to Kinko's, which FedEx bought in 2004 and has been seen as a disappointment by the package delivery giant.
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