Strong US Dollar Hits FedEx

US parcels delivery firm FedEx has reported a net loss of $895m (£568m) for the three months to the end of May, missing analysts' expectations.
Over the same period last year, the company made a profit of $780m.
Looking forward, the company said it expects improved results.
FedEx announced plans to buy its Dutch rival for €4.4bn ($4.8bn; £3.2bn) in April, as it looks to expand its European operations.