Federal Express Corp.: The Memphis, Tenn., delivery...
Federal Express Corp.: The Memphis, Tenn., delivery company reported first-quarter net income of $30.4 million, down 54% from a year ago. Revenue rose 53% to $1.6 billion. The company said earnings were restrained by expenses associated with the purchase of Tiger International and other international acquisitions.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.