Economic Slowdown Threatens FedEx
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Sputtering U.S. economy forces shipper to cut forecast.
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NEW YORK (CBS.MW) -- Shares of FedEx Corp. pulled back early Thursday after the Memphis, Tenn., package delivery company reported second-quarter results that showed a strong year-over-year increase in profits and lifted its outlook for fiscal 2005.
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Package delivery company FedEx Corp   on Thursday reported a lower quarterly profit, citing  weak U.S. economic growth and high fuel costs, but the results  beat analyst estimates.
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Concerns about a spending slowdown continue to make IT investors nervous.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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A weak U.S. dollar is expected to affect profitability.
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FedEx Corp. FDX.N on Monday raised  its earnings forecasts, citing strong demand in several of its  businesses despite concerns about the slowing growth in the  U.S. economy.
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The US economy will slow in the second half of the year and the risk of recession remains, the OECD warns.
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Business & money: Fears grow of market turbulence stunting global growth.
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High oil prices are slowing the economy, two members of the Federal Reserve warned yesterday. `There&#39;s going to be a little bit of a slowdown effect,&#39;&#39; admitted Fed board member Ben Bernanke.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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A few economists and money managers have begun to warn that the rumbling gravy train is about to derail.
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Package delivery company FedEx Corp.  on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
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Â· Markets braced for falls after Wall Street slump  Â· Period of slower growth sparks fears of trade war
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NEW YORK -- Orders for US durable goods declined by the most in more than six years and consumer confidence unexpectedly fell, pointing to a deepening economic slowdown.
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A slowdown in the US economy could justify a pause in the Federal Reserve&#39;s interest rate increases, Fed Governor Ben Bernanke said on Thursday.
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Investors were concerned that the U.S. credit crisis would crimp demand among U.S. consumers for Asiaâs exports.