March 19- FedEx Corp's on Wednesday said severe winter conditions had hurt quarterly earnings and revenue, prompting the world's No. 2 package delivery company to cut its fiscal-year profit forecast.
March 19- FedEx Corp on Wednesday reported lower-than-expected results for the holiday quarter and gave a fiscal-year profit forecast below Wall Street estimates, the latest in a line of companies saying they were hurt by winter storms. Shares of FedEx were down 0.2 percent at $138.29 in morning trading.
Mega investors Dan Loeb and George Soros have both recently added big positions in FedEx. Larry McDonald, Newedge USA, and CNBC contributor Carol Roth, talk about what's behind the billionaires buying up FedEx shares.
The U.S. economy is improving but would be even healthier if the tax code was changed to give companies more incentives to invest, the head of FedEx told CNBC Thursday.
CNBC.com looked at the top ten colleges and discovered which CEOs spent time there as underclassmen. Check out what we found.