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FedEx shares tumble due to a weak quarter, disappointing outlook
2015-06-19 06:39:11| Air Courier - Topix.net
FedEx's latest quarterly results missed Wall Street expectations, as lower fuel surcharges and the strong dollar cut into revenue at its big express-shipping business. The package-delivery giant also announced an increase in the mandatory retirement age for directors, from 72 to 75. That would let Chairman and CEO Fred Smith stay on the board longer - he will turn 71 in August.
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Category:Transportation and Logistics