PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Bill who wrote (511651)	12/17/2003 1:21:12 PM
From: Cola Can	Read Replies (1) of 769668

MIAMI (Reuters) - FedEx Corp (NYSE:FDX - news), the world's leading air-express group, on Wednesday delivered a 63 percent drop in quarterly net income, hurt by restructuring charges and sputtering at its ground delivery unit. Excluding the costs for retirements and staff reductions equal to 57 cents a share, and 5 cents in savings from the program, quarterly profit would have been $266 million, or 87 cents a share. -------------- Staff reductions??? Translation - Jobs lost

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