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FedEx Predicting Economy Will Weaken
Shares of FedEx collapsed today after the company lowered its projections. FedEx says the global economy is slowing. The company expects to reduce the amount of flights each day, take planes out of service and offer buyouts to employees according to Marketnewsvideo.com. Courier companies are believed to to bellwethers for economic activity - this could be a sign of things to come.