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Stock Market & Financial Investment News

News Breaks
February 19, 2013
17:38 EDTFDXFedEx sees pretax cost of voluntary buyout program $550M-$650M
FedEx disclosing in an SEC filing that on February 15, FedEx offered voluntary cash buyouts to eligible U.S.-based employees. The offer period will expire in 4Q13. Costs of the benefits provided under the voluntary program will be recognized in the period that eligible employees accept their offers, predominantly in 4Q13. The company expects the pretax cost of the voluntary program to range from approximately $550M to $650M in pretax cash expenditures, but actual costs will depend on employee acceptance rates. Employees in the first phase will vacate their positions on May 31, and the company expects for all eligible and accepting employees to vacate their positions by the end of FY14. In addition, a limited number of officers and managing directors have accepted voluntary buyouts to adjust our leadership team to our new organizational structure. The cost of these buyouts is included in the range referred to above and will be recognized in 3Q13 when the offers were accepted.
News For FDX From The Last 14 Days
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October 24, 2014
07:29 EDTFDXUPS, FedEx up efforts to handle holiday season package buildup, Reuters says
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October 22, 2014
09:03 EDTFDXFedEx sees December 15 as busiest day in company's history
09:03 EDTFDXFedEx expects to move over 290M shipments between Black Friday-Christmas Eve
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October 21, 2014
07:14 EDTFDXFedEx management to meet with UBS
Meeting to be held in Sydney, Australia on October 21 hosted by UBS.
October 20, 2014
08:25 EDTFDXFedEx management to meet with UBS
Meeting to be held in Melbourne, Australia on October 20 hosted by UBS.
October 13, 2014
06:02 EDTFDXFedEx sued by EEOC for disability discrimination
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