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FedEx slashes CEO’s salary, draws $1.5 billion from credit line

(Reuters) – FedEx Corp (FDX.N) said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as delivery services take a hit from coronavirus-led lockdowns across the globe. The company, which also suspended ... More »

Exclusive: FedEx grounds one plane over GE engine part concern

General Electric employee Ron Carlson inspects a CF6-80C engine at the GE Aviation Peebles Test Operations Facility in Peebles, Ohio, November 15, 2013. REUTERS/Matt Sullivan FedEx Corp is grounding one of its planes temporarily that has an engine General Elec... More »