FedEx reported net income for its fiscal second quarter ended Nov. 30 of $479 million, down 6% from $511 million last year despite a 6% boost in revenue to $9.45 billion. Chairman, President and CEO Frederick Smith cited "high fuel prices and weak US economic growth" in explaining the profit drop. He added that "challenging near-term economic trends" likely will affect earnings for the remainder of the fiscal year, but said long-term confidence remains high, particularly in its international ...

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