FedEx falls on 2019 forecast cut, multiple brokerages lower price target – Investing.com

© Reuters. A Federal Express delivery truck is shown in downtown Los Angeles (Reuters) – Shares of FedEx Corp (NYSE:) fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express…

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FedEx starts offering buyouts, says costs between $450 million to $575 million – MarketWatch

FedEx Corp. FDX, +2.10% began offering buyouts to U.S. employees on Friday, saying in a filing it expects the program to cost between $450 million and $575 million before taxes. Actual costs will depend on acceptance, and most expenses are expected to incur in the fourth quarter of fiscal 2019, the company said. Savings were…

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