FedEx (FDX.N) reported a significant decline in its quarterly profit and reduced its full-year revenue outlook on Thursday. This comes as customers are opting for more affordable and slower delivery options instead of the premium, faster services. The Memphis-based shipping giant saw its stock fall by nearly 11% to $267.74 in after-hours trading, which also […]
Nordstrom Inc. confirmed on Wednesday that it has received a buyout bid from members of the founding Nordstrom family and Mexico-based retailer El Puerto de Liverpool SAB. The proposed offer, led by Erik and Pete Nordstrom, along with other family members and Liverpool, would value Nordstrom at $3.76 billion. They plan to pay $23 per […]
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