Gloomy Economy Seen by FEDEX Boss

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On a day all about whether the U.S. economy is still week in the knees, signs of achiness and fatigue appeared in comments made this morning by FedEx.

While FedEx beat Wall Street profit expectations for its fiscal-first quarter, billionaire CEO Fred Smith did his usual gloomy grumbling. “FedEx Express remains focused on reducing costs while facing challenging global economic conditions,” he says.

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