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Stock Market & Financial Investment News

News Breaks
January 10, 2013
07:37 EDTEXPD, UPS, FDXAirfreight/Logistics sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Airfreight/Logistics sector based on expectations for global freight growth to rebound in 2013. The firm views Conviction Buy rated Expeditors (EXPD) as the best play in global trade growth and expects Buy rated FedEx's (FDX) operating leverage to drive earnings upside.
News For EXPD;FDX From The Last 14 Days
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May 19, 2015
07:22 EDTFDXUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link
May 18, 2015
17:44 EDTEXPDExpeditors downplays industry consolidation, sees continued shareholder returns
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May 15, 2015
12:13 EDTFDXThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTFDXThird Point reports new stakes in Yum! Brands, FedEx, McKesson
06:33 EDTFDXJudge denies FedEx motion on drug charges, Reuters says
A judge denied FedEx's motion to dismiss charges that it was involved in distributing controlled substances, according to Reuters. The company is accused by the Justice Department of shipping packages from illegal online pharmacies, the news service stated. Reference Link
May 13, 2015
05:35 EDTFDXFedEx provides update on offer to acquire TNT Express
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May 12, 2015
07:37 EDTFDXOppenheimer to hold a conference
10th Annual Industrial Growth Conference is being held in New York on May 12-13 with webcasted company presentations to begin on May 12 at 8:15 am; not all company presentations may be webcasted. Webcast Link

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