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Stock down today???
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<blockquote data-quote="moreluck" data-source="post: 74501" data-attributes="member: 1246"><p>Just a portion of the article.....</p><p> </p><p><span style="font-family: 'Courier New'">Deutsche Post Indicates Tough Time At Express Operations</span></p><p><span style="font-family: 'Courier New'">Dow Jones</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">By Steve McGrath</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">Of DOW JONES NEWSWIRES</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">LONDON -(Dow Jones)- Deutsche Post AG (DPW.XE) Wednesday indicated that its </span></p><p><span style="font-family: 'Courier New'">express unit in the U.S. is facing tougher times, lowering guidance for 2005.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">The German mail and logistics giant cut its outlook for its express </span></p><p><span style="font-family: 'Courier New'">division, saying that instead of doubling this year it will rise about 35% to EUR500 </span></p><p><span style="font-family: 'Courier New'">million in 2005, up from around EUR370 million in 2004.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">It blamed deterioration in the U.S. It has modified its guidance on losses </span></p><p><span style="font-family: 'Courier New'">to be better than EUR400 million rather than around EUR300 million, implying </span></p><p><span style="font-family: 'Courier New'">that losses may be up to EUR100 million greater.</span></p><p><span style="font-family: 'Courier New'"></span></p><p><span style="font-family: 'Courier New'">The company has seen "a severe deterioration" in Express profit guidance, </span></p><p><span style="font-family: 'Courier New'">which is about 30% below previous forecasts, said one trader who requested </span></p><p><span style="font-family: 'Courier New'">anonymity. The market had been hoping for a seasonal rally in the fourth quarter, </span></p><p><span style="font-family: 'Courier New'">he said.</span></p></blockquote><p></p>
[QUOTE="moreluck, post: 74501, member: 1246"] Just a portion of the article..... [FONT=Courier New]Deutsche Post Indicates Tough Time At Express Operations Dow Jones By Steve McGrath Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Deutsche Post AG (DPW.XE) Wednesday indicated that its express unit in the U.S. is facing tougher times, lowering guidance for 2005. The German mail and logistics giant cut its outlook for its express division, saying that instead of doubling this year it will rise about 35% to EUR500 million in 2005, up from around EUR370 million in 2004. It blamed deterioration in the U.S. It has modified its guidance on losses to be better than EUR400 million rather than around EUR300 million, implying that losses may be up to EUR100 million greater. The company has seen "a severe deterioration" in Express profit guidance, which is about 30% below previous forecasts, said one trader who requested anonymity. The market had been hoping for a seasonal rally in the fourth quarter, he said.[/FONT] [/QUOTE]
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