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News Breaks
June 18, 2014
08:41 EDTFDXFedEx sees U.S. GDP growth for calendar 2014 of 2.2%
Says Ground and Freight "performing well," and Express remains on track to achieve its profit improvement plan despite the fuel headwinds the company has experienced. Says expectations for economic growth for remainder of the year have improved somewhat. Sees industrial production growth of 3.6% this year and 3.7% in calendar 2015. Says global economy recovering from Q1, says slowdown in China has steadily improved. Sees global GDP growth of 2.7% in calendar 2014 and 3.1% in calendar 2015. Sees U.S. GDP growth for calendar 2015 3.1%. Sees U.S. GDP growth this year affected by weather. Says will complete share repurchase program this year. Comments made on the Q4 earnings conference call.
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June 26, 2015
18:40 EDTFDXFedEx solicits EU approval for TNT bid, Reuters reports
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