Shares of FedEx (NYSE: FDX) slid 21.4% last Friday, marking the worst single-day percentage decline in company history. The sell-off came in response to warnings from CEO Raj Subramaniam that the ...
AutoZone founder Pitt Hyde held a close friendship with late FedEx founder Fred Smith for much of his life. Hyde described him as a “renaissance man" and said he was always impressed with how ...
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FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
FedEx reported better-than-expected quarterly earnings and revenue Tuesday. The company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its ...
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