While you were sleeping ECB steps up to bat

Wed, 05 Sep 2012

By Margreet Dietz Sept 6 (BusinessDesk) - Global shares have paused as investors await confirmation from the ECB on its bond-buying program with hope that the bank will act firmly enough to help put the EU's credit crisis in check. That optimism was offset in large part by FedEx, which is struggling with the global slowdown. The world's second-largest delivery company late yesterday slashed its profit outlook for the current quarter. Its shares were last down 1.9 percent. "While FedEx is only one company, it's one whose warning is indicative...

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