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Stock Market & Financial Investment News

News Breaks
November 15, 2012
19:37 EDTUPS, FDXFedEx, 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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August 27, 2015
16:41 EDTUPSUPS, Cargojet enter long-term air cargo services agreement
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August 23, 2015
17:40 EDTFDXJudge sends FedEx driver lawsuit back to trial court, Bloomberg says
A federal appeals court has sent a dispute over the employment status of FedEx drivers back to trial court, saying a jury must decide whether the drivers are independent contractors or full-fledged employees, reports Bloomberg. The verdict gives FedEx another chance to defend its practices, according to the report. Reference Link
August 21, 2015
06:34 EDTFDXFedEx to launch EUR 8.00 bid for TNT Express on Aug. 24
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August 20, 2015
17:52 EDTFDX, UPSUPS pilots President issues statement on FedEx/ALPA tentative agreement
The following statement is from Captain Robert Travis, President of the Independent Pilots Association regarding the tentative pilot labor agreement between FedEx (FDX) and ALPA: "We congratulate our pilot peers and FedEx on reaching a new tentative collective bargaining agreement. While we have not seen the details, the IPA will refrain from commenting on the merits of the tentative agreement until the ALPA ratification process has been completed. If approved, however, the FedEx pilot contract will bring labor peace to our largest competitor. In sharp contrast, UPS (UPS) management has created a bitter standoff with its pilot employees, unnecessarily dragging out contract talks for four years. UPS must not allow itself to be left behind by FedEx. The IPA calls on UPS management to work with its pilots to expeditiously achieve an agreement."
17:33 EDTFDXFedEx reaches tentative agreement with Air Line Pilots Association
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12:05 EDTFDXBoeing reports eight new orders in weekly update
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08:18 EDTUPSUPS management to meet with UBS
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August 18, 2015
14:01 EDTUPSUPS completes Coyote Logistics acquisition
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06:39 EDTUPS, FDXUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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August 14, 2015
10:50 EDTUPS, FDXCiti says FedEx outlook still positive despite headwinds
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08:14 EDTUPS, FDXFedEx multiple remains well below UPS, says Citi
Citi analyst Christian Wetherbee lists reasons to buy shares of FedEx (FDX) in a note to investors this morning. The stock's multiple remains "compelling" and well below peer UPS (UPS), while the shipping giant is highly levered to e-commerce growth, Wetherbee writes. The analyst keeps a Buy rating on FedEx with a $205 price target.
06:21 EDTFDXEU to rule on FedEx, TNT deal by January 13, Reuters reports
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