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Stock Market & Financial Investment News

News Breaks
July 9, 2013
10:23 EDTUPS, FDXFedEx strength attributed to activist speculation
The move higher in shares of FedEx (FDX) is being attributed to speculation that the company could be the unidentified target of Bill Ackman's planned new fund. Bloomberg reported yesterday that Ackman's Pershing Square is raising money for a special purpose vehicle to buy the stock of a large U.S. company which operates in one business. Traders are attributing today's move higher in shares of FedEx to speculation that the shipping giant may be the target of Ackman's new fund. FedEx shares are up 4%, or $4.01, to $102.84 in early trading while its peer UPS (UPS) is rallying 1.5%, or $1.35, to $89.70.
News For FDX;UPS From The Last 14 Days
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April 22, 2015
07:24 EDTFDXFedEx management to meet with Deutsche Bank
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April 21, 2015
07:29 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Toronto/Montreal on April 21 hosted by Deutsche Bank.
April 20, 2015
07:50 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Memphis/Toronto on April 20 hosted by Deutsche Bank.
April 16, 2015
11:07 EDTFDXBoeing reports one new order in weekly update
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April 14, 2015
09:37 EDTFDXPlug Power says FedEx rolling out GenDrive powered cargo tuggers
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07:10 EDTFDX, UPSAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
April 12, 2015
13:45 EDTFDX, UPSUPS to invest $1.06B in Europe expansion, Reuters says
According to a report in German magazine Wirtschaftswoche, UPS (UPS) plans to invest over $1B in Europe to expand its package delivery network, says Reuters. Last week UPS rival FedEx (FDX) announced its intention to acquire TNT Express (TNTEY) for EUR 8.00 per share. Reference Link

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