UPDATE 1-FedEx changes Kinko's name, takes charge
ju4 wa4i dia4n zo1ng he2 ba4o da4o :\n  (Adds details)\nCHICAGO, June 2 (Reuters) - Package delivery company FedEx\nCorp <FDX.N> said on Monday it was changing the name of its\nstruggling Kinko's printing and professional services unit to\nFedEx Office and would record a charge of nearly $900 million.\nFedEx also said it would raise its quarterly cash dividend\nby one penny to 11 cents a share.\nThe Memphis-based company said it would report a one-time,\nnon-cash impairment charge of $891 million in its fiscal fourth\nquarter ended May 31, including $515 million for the FedEx\nKinko's trade name and $367 million related to goodwill, the\ncompany said.\nAfter taxes, the charge will be $696 million, or $2.22 a\nshare.\nThe charge was not included in FedEx's announcement on May\n9 that it was lowering its fourth-quarter earnings outlook to a\nrange of $1.45 to $1.50 a share from $1.60 to $1.80.\nFedEx bought Kinko's in 2004.\n"The name FedEx Office more accurately represents our\nbroader role of providing superior information and services\nthrough our company-owned, digitally connected locations around\nthe world," FedEx Office CEO Brian Philips said in a statement.\n""We are a back office for small businesses and a branch office\nfor medium to large businesses and mobile professionals."\nIn an interview with Reuters in April, FedEx Chief\nFinancial Officer Alan Graf said FedEx Kinko's had contributed\n$1 billion in revenues annually for its core package business.\n"In that respect FedEx Kinko's has been a success," Graf\nsaid. "But it has not been so successful in its core copy print\nbusiness."\nFedEx's main rival is Atlanta-based United Parcel Service\nInc <UPS.N>.\n(Reporting by Nick Carey, editing by Jeffrey Benkoe)\n((Reuters Messaging: nick.carey.reuters.com@reuters.net;\nemail: nick.carey@thomsonreuters.com; 1-312-408-8756))\nKeywords: FEDEX CHARGE/