By NELSON D. SCHWARTZ
The boom in American corporate profits, which has far outpaced the gains in the broader economy since the end of the last recession, is faltering.
Giants like FedEx and Intel, two bellwethers of the global economy, are warning of lower quarterly profits because of weakness in worldwide demand. Overseas companies are feeling the pinch, too. Burberry, the British luxury retailer which had seemed immune to a slowdown, is offering a similar warning.
via Earnings Outlook in U.S. Dims as Global Economy Slows – NYTimes.com.