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The Latest FedEx Headlines
FedEx still ironing costly Kinko's kinks
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<blockquote data-quote="cheryl" data-source="post: 550609" data-attributes="member: 1"><p><strong>FedEx still ironing costly Kinko's kinks - The Deal</strong></p><p></p><p>FedEx Corp. bummed out the stock market Wednesday by posting an $876 million quarterly loss. Overshadowed by the perception of the shipping giant's results as an economic indicator was more bad news about the company's FedEx Office unit, the twice-rebranded Kinko's Inc., which FedEx bought for $2.4 billion in 2004.</p><p></p><p>Not that Kinko's is a complete flop. An analyst quoted in the Dow Jones piece said the retail outlets bring in $1 billion in high-margin revenue for FedEx.</p></blockquote><p></p>
[QUOTE="cheryl, post: 550609, member: 1"] [B]FedEx still ironing costly Kinko's kinks - The Deal[/B] FedEx Corp. bummed out the stock market Wednesday by posting an $876 million quarterly loss. Overshadowed by the perception of the shipping giant's results as an economic indicator was more bad news about the company's FedEx Office unit, the twice-rebranded Kinko's Inc., which FedEx bought for $2.4 billion in 2004. Not that Kinko's is a complete flop. An analyst quoted in the Dow Jones piece said the retail outlets bring in $1 billion in high-margin revenue for FedEx. [/QUOTE]
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