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Stock Market & Financial Investment News

News Breaks
January 10, 2013
07:37 EDTFDX, EXPD, UPSAirfreight/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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October 13, 2014
06:02 EDTFDXFedEx sued by EEOC for disability discrimination
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October 8, 2014
10:06 EDTEXPD, FDXStephens transportation analysts hold an analyst/industry conference call
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October 6, 2014
07:12 EDTFDXThe MedTech Conference holds a conference
AdvaMed 2014 is being held in Chicago on October 6-8.
06:30 EDTFDXFedEx confirms, responds to Kansas Supreme Court decision
FexEx confirmed the Kansas Supreme Court issued a decision finding that a class of mostly former contractors in the state of Kansas should be considered employees under the Kansas Wage Payment Act, contrary to previous rulings by the United States District Court for the Northern District of Indiana. The decision applies to those independent contractors operating in Kansas from 1998-2007. The model that the court reviewed is no longer in use. FedEx said, "We fundamentally disagree with this ruling and are committed to protecting the rights of thousands of independent business owners to continue owning and operating their own businesses. More than 100 state and federal decisions – including that of the U.S. Court of Appeals for the D.C. Circuit – have upheld our contractual relationships with independent businesses. At this time we are considering available options in response to the court’s decision."

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