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FedEx profit more than doubles in fiscal 3rd qtr
FedEx Corp. said Thursday its profit between December and February more than doubled as its ground and freight segments shipped more packages and charged higher prices.In its fiscal third quarter, the world's second-largest package delivery company earned $521 million or $1.65 per share, compared with $231 million, or 73 cents per share, a year earlier.The company had record holiday package shipments.
FedEx Corp. said Thursday its profit between December and February more than doubled as its ground and freight segments shipped more packages and charged higher prices.In its fiscal third quarter, the world's second-largest package delivery company earned $521 million or $1.65 per share, compared with $231 million, or 73 cents per share, a year earlier.The company had record holiday package shipments.
UPS to buy TNT Express for $6.8 billion
United Parcel Service Inc. said Monday it will buy Netherlands-based TNT Express NV for $6.77 billion (€5.16 billion) in a cash deal that will create a company with annual sales of
UPS snags Europe's No. 2 package delivery outfit
$6.77 billion purchase of Dutch rival TNT Express, by far the company's biggest deal ever.
$6.77 billion purchase of Dutch rival TNT Express, by far the company's biggest deal ever.
FedEx, Diamond Foods, Sonic are market movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Stocks lower on worries over China slowdown
Signs that China's economy is weakening and Europe is slowing sent U.S. stocks lower.
Signs that China's economy is weakening and Europe is slowing sent U.S. stocks lower.
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