Fred Smith News
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Since founder Jim Casey left United Parcel Service Inc. after more than five decades in charge, the company’s chief executive officers have served for an average of 5 1/2 years. Scott Davis reaches that milestone in June.
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FedEx Corp. plans to cut cargo flights to Asia as customers accelerate their shift to the company’s slower, less expensive international services.
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FedEx Corp. tumbled the most since September 2011 after lowering its 2013 earnings forecast and planning capacity cuts in Asia amid a widening customer shift to its cheaper overseas delivery services.
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U.S. stocks rose, snapping a three- day decline in the Standard & Poor’s 500 Index, as the Federal Reserve will keep up its bond buying to stimulate the economy and euro-area leaders weighed options for Cyprus.
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President Barack Obama has conferred with more than a dozen oil, natural gas and clean-energy executives, as well as academic advisers, at the White House in advance of an energy-policy speech in Illinois next week, spokesman Josh Earnest said.
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Fred Smith has taken FedEx Corp. from an idea in a college essay to the world’s biggest cargo airline over the past four decades. Now the company has to figure out how to plan for the founder’s eventual departure.
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FedEx Corp. Chief Executive Officer Fred Smith said he’s “cautiously optimistic” that Republicans and Democrats will reach a deal to avoid the fiscal cliff.
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FedEx Corp. doesn’t see a recession or contraction, rather a slow-growth economy, Chief Executive Officer Fred Smith said.
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FedEx Corp. Chief Executive Officer Fred Smith is misleading the public on air-safety legislation and “bought his way” to be covered by a 1996 labor law that helped his company, a House committee chairman said.
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FedEx Corp. , the world’s biggest cargo airline, said the U.S. economic recovery will lag behind countries such as China, India and Brazil that are leading a rebound in the express-shipping industry .
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