FedEx saved a pleasant surprise for its stockholders ahead of the upcoming holiday season. It announced a plan to separate itself into two publicly traded companies. The news boosted its shares, which jumped 7 percent in premarket trading on Friday.
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”
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