One more big U.S. company gets hit by global slowdown

September 16, 2015 3:20 PM

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FedEx is starting to feel the pain from the global slowdown.

The massive package shipping company lowered its performance outlook for the year right before the crucial holiday shipping season. The problem: the weak global economy and strong U.S. dollar.

Also read: Netflix shares surge on strong third-quarter earnings and subscriber growth

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