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Reuters: FedEx profit tumbles on global slump

Started by chris, March 19, 2009, 02:59:12 PM

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chris

March 19, 2009, 02:59:12 PM
FedEx profit tumbles on global slump
      
   
      

DETROIT (Reuters) - Package delivery giant and economic bellwether FedEx Corp reported a 75 percent drop in profit due to the global recession, gave a low quarterly outlook and said it was taking fresh actions to cut costs.<div class="feedflare">
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