Disappointing earnings hurt FDX stock

Article Abstract:

FDX Corp. saw its share value fall after the company posted lower-than-expected earnings for the first-quarter of 1999. FDX posted $159 million (153 million euros) in net income for the fiscal quarter. Earnings reached $149 million and revenues improved from $4.08 billion to $4.32 billion. Analysts had predicted that the company would report earnings of approximately 54 cents per share. FDX's quarterly earnings amounted to 52 cents per share.

Comment:

Share value falls after company posts lower-than-expected earnings for first-quarter of 1999

Sales, profits & dividends, Courier Services, Security Guards and Patrol Services, Finance, Delivery services, Express delivery services, FedEx Corp.

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Ryder System names Swienton as its president

Article Abstract:

Gregory T. Swienton has been named as Ryder System Inc.'s new president and chief operating officer. The appointment of Mr. Swienton completes a shuffling in the company's management level. Mr. Swienton will be replacing M. Anthony Burns. Mr. Burns will keep the posts of chairman and chief executive. Mr. Swienton is a former senior vice president with Burlington Northern Santa Fe Corp.

Comment:

Gregory T. Swienton named as Ryder System's new president and chief operating officer

Executive changes & profiles, Truck Rent & Lease, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing, Officials and employees, Appointments, resignations and dismissals, Lease and rental services industry, Lease and rental services, Truck rental, Ryder System Inc., Swienton, Gregory T.

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Morgan Stanley's cold call led to IPO role at UPS

Article Abstract:

Morgan Stanley Dean Witter became the lead underwriter for the initial public offering of United Parcel Service in 1999 after a three-year advisory relationship.

Securities Dealers, Investment Banking and Securities Dealing, Services development, Securities issued, listed, Security brokers and dealers, Freight Transportation Arrangement, Freight Forwarders & Consolidators, Statistical Data Included, Freight transportation industry, Contracts, Securities industry, Securities, United Parcel Service of America Inc., Freight forwarders, MWD, Morgan Stanley

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