Wall Street Journal--FedEx Corp. (FDX) lowered its outlook for earnings in the current quarter because severe winter storms and higher-than-expected fuel prices pressured expenses higher. The company, among the world's largest international package shippers, said those costs would also alter its full-year guidance, which it will adjust when it announces full results for the fiscal third quarter on March 17. FedEx's results had been gaining momentum as the global economic picture improved. In its second-quarter results, profit fell but it reported record volume in the overseas business. Read more!
