FedEx profit up, but cuts costs as economy worsens (Reuters)

[riky]

FedEx profit up, but cuts costs as economy worsens
    (Reuters)

 

<p>You are not allowed to view links. Register or LoginReuters - Package delivery giant FedEx Corp  reported a higher profit for its fiscal second quarter, meeting expectations, but announced a 20 percent pay cut for CEO Fred Smith and said it was suspending pension contributions as the U.S. economy's outlook looks bleak.</p><br clear="all"/>


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