The aerospace giant’s stock rose and spreads on its outstanding bonds tightened on hopes that the deal will help improve production.
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This week’s aggressive Fed rate cut could provide some breathing space for distressed companies, notes one bankruptcy attorney.
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Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.
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FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.