Disappointing earnings hurt FDX stock
Article Abstract:
FDX Corp. saw its share value fall after the company posted lower-than-expected earnings for the first-quarter of 1999. FDX posted $159 million (153 million euros) in net income for the fiscal quarter. Earnings reached $149 million and revenues improved from $4.08 billion to $4.32 billion. Analysts had predicted that the company would report earnings of approximately 54 cents per share. FDX's quarterly earnings amounted to 52 cents per share.
Comment:
Share value falls after company posts lower-than-expected earnings for first-quarter of 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Ryder System names Swienton as its president
Article Abstract:
Gregory T. Swienton has been named as Ryder System Inc.'s new president and chief operating officer. The appointment of Mr. Swienton completes a shuffling in the company's management level. Mr. Swienton will be replacing M. Anthony Burns. Mr. Burns will keep the posts of chairman and chief executive. Mr. Swienton is a former senior vice president with Burlington Northern Santa Fe Corp.
Comment:
Gregory T. Swienton named as Ryder System's new president and chief operating officer
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Morgan Stanley's cold call led to IPO role at UPS
Article Abstract:
Morgan Stanley Dean Witter became the lead underwriter for the initial public offering of United Parcel Service in 1999 after a three-year advisory relationship.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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