FedEx Warns of Lower Earnings
Warning is "a shot across the bow of the global economy's ship of state"
Warning is "a shot across the bow of the global economy's ship of state"
The market doesn't respond well and the company's stock drops
The stock market typically does not fare well during this month
Stock price has stayed at about $14 a share
Firm lost $440 million, seeks assistance.
Authorities say trades garnered $310,000 in profits.
Stocks took a header after the Federal Reserve took a wait-and-see position on the economy
Once-a-month quotes from the Obama administration and the media about how the economy will be booming any minute now.
The company's cash cushion might go to unions, not investors.
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