Where The Rubber Meets The Road
In the virtual world... a blowout third quarter from Oracle Corp (ORCL) and a 37% rise in Q1 profits from Adobe Systems (ADBE)...
....and moneyshufflers Morgan Stanley (MS) handily topped expectations with record Q1 results. Meanwhile, where the rubber meets the road...
FedEx Chief Executive Frederick Smith: "The U.S. economy grew at a lower rate than we expected in the third quarter, and we saw continued adjustments in the automotive and housing markets."
The package delivery company (FDX) reported a dip in profit, citing a slower economic environment, and issued a full year outlook below Wall Street expectations.
Down, down and away... JetBlue Airways which suffered a major service disruption in February lowered its 2007 earnings outlook because of high fuel costs and potentially weaker demand.
The 7-year-old airline (JBLU), which reined in growth plans last year after earnings slumped, expressed concerns that the slowing U.S. housing market could crimp consumer spending, softening demand for air travel.
....and moneyshufflers Morgan Stanley (MS) handily topped expectations with record Q1 results. Meanwhile, where the rubber meets the road...
FedEx Chief Executive Frederick Smith: "The U.S. economy grew at a lower rate than we expected in the third quarter, and we saw continued adjustments in the automotive and housing markets."
The package delivery company (FDX) reported a dip in profit, citing a slower economic environment, and issued a full year outlook below Wall Street expectations.
Down, down and away... JetBlue Airways which suffered a major service disruption in February lowered its 2007 earnings outlook because of high fuel costs and potentially weaker demand.
The 7-year-old airline (JBLU), which reined in growth plans last year after earnings slumped, expressed concerns that the slowing U.S. housing market could crimp consumer spending, softening demand for air travel.
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