FedEx Corp (FDX.N)
18 Apr 2019
LONDON Hewlett-Packard did not have to buy Britain's Autonomy to solve the U.S. company's other problems in 2011, its former chief executive told the $5 billion fraud trial of Mike Lynch.
LONDON, April 1 Hewlett-Packard did not have to buy Britain's Autonomy to solve the U.S. company's other problems in 2011, its former chief executive told the $5 billion fraud trial of Mike Lynch.
WASHINGTON, March 20 The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September.
* Fed holds interest rates steady, sees no rate hikes in 2019
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fuelling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL Group. | Video
* Sterling falls as much as 0.9 pct to the dollar (Updates prices, comments, changes dateline from previous LONDON)
* Fed Chief Powell to hold press conference at 2:30 p.m. ET (Changes comment, adds details, updates prices)
* Fed Chief Powell to hold press conference at 2:30 p.m. ET (Updates to open)
March 20 U.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the year, while some trade worries still lingered.
March 20 Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business.