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Stock Market & Financial Investment News

News Breaks
November 15, 2012
19:37 EDTFDX, UPSFedEx, UPS to face DEA probe over pain-pill shipments, WSJ reports
FedEx (FDX) is said to be close to facing criminal charges from the Drug Enforcement Administration over whether the company has been complicit in the illegal sale of prescription painkillers, according to a Wall Street Journal report. The report also noted that UPS (UPS) disclosed in SEC filings this month that it is cooperating with a similar DEA investigation and is in talks with the Justice Department to settle their case. Reference Link
News For FDX;UPS From The Last 14 Days
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February 27, 2015
09:58 EDTFDXOn The Fly: Analyst Upgrade Summary
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06:24 EDTFDXFedEx upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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February 18, 2015
12:28 EDTUPSUPS denies NY AG's allegations, Times Union of Albany reports
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10:52 EDTUPSUPS accused by NY AG of illegally shipping untaxed cigarettes
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