While you were sleeping Wall Street, FedEx slide

Tue, 18 Sep 2012

By Margreet Dietz Sept 19 (BusinessDesk) - Wall Street moved lower as a profit warning by FedEx underpinned the ongoing uncertainty about the flagging economy both at home and abroad, bolstering the appeal of US Treasuries. Shares of FedEx dropped 2.7 percent after the company lowered its profit forecast for its fiscal year 2013, saying customers were opting for cheaper shipping alternatives in a bid to cut costs. In late afternoon trading in New York, the Dow Jones Industrial Average slipped 0.06 percent, the Standard & Poor's 500 lost 0.22...

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