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-- zero here's your Fox Business three FedEx reported a first quarter profit of one dollar and twenty cents a share a penny light of analysts' estimates while revenue.
Was slightly better than expected still projections for the second quarter and full year.
Fell short of the street's expectations.
-- -- is also preparing to close 100 plants and cut 17100 jobs.
Modest selling continues on Wall Street after further evidence of modest economic growth.
Initial claims for jobless benefits unexpectedly fell to a two month low 450000.
People applied for benefits last week.
Prices at the wholesale level rose more than expected last month -- four tenths of 1%.
Due to rising energy prices and taking the Dow Industrials they are down nineteen points.
And the Census Bureau says the number of Americans living in poverty jumped.
To just over 14% of the population in 2009.
More than 43 million people or one in seven Americans were living in poverty.
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