(Reuters) -FedEx ( FDX ) reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company's shares fell about 11% to $268.21 after the bell. FedEx ( FDX ) and other transportation firms expanded operations during the pandemic-fueled online...

Sept 19 (Reuters) - Nike ( NKE ) said on Thursday that CEO John Donahoe will retire after more than five years at the helm as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition. The company named Elliott Hill president and chief executive officer, effective Oct. 14, 2024. Donahoe was tasked...

Sept 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines REA Group ( RPGRF ) raises bid for UK rival Rightmove ( RTMVF ) UK pension fund Nest agrees tie-up to invest up to £1bn in build-to-rent Rachel Reeves to rule out...

(Reuters) -Australia's consumer watchdog accused the country's two largest supermarket chains of misleading shoppers about discounts on hundreds of products in lawsuits filed on Monday, tightening pressure on the sector amid a cost-of-living crisis. The legal action marks a major move against the supermarket giants, which have faced scrutiny from lawmakers and regulators for hitting consumers with high prices at...