FedEx's Net Rises 3%, Hit by Charge
21st Sep 2005, 16:58 GMT
FedEx's net rose 3%, as an accounting charge weighed on profits. The package shipper issued an upbeat outlook, easing investors' fears of a price war with UPS. (Conference call transcript)
Latest news from WSJ.com: US Business:
- Merck's Arcoxia Draws Mixed Reviews
- Benetton Top Executives Resign
- Apple Names Rosenberg General Counsel
- Gutierrez Aims to Help U.S. Business in China
- Tyson Swings to Loss as Demand Wanes
- Eddie Bauer Agrees to Be Acquired
- Web Companies Seek Review of Fees
- Delta Cuts Bargain Fares
- Illumina to Buy Solexa for $600 Million
- BlackJack Is BlackBerry's Newest Rival