FedEX (FDX -8.5%) is suffering its biggest one-day fall since winter 2008 after cutting its...

|By:, SA News Editor

FedEX (FDX -8.5%) is suffering its biggest one-day fall since winter 2008 after cutting its profit forecast as demand slows here and in Asia. "The primary driver of the reduced demand is the lower sales of electronic products," says CEO Fred Smith on the conference call. "We expect sluggish growth will continue."