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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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July 31, 2014
11:02 EDTFDXHealthways siged FedEx as customer, says Piper Jaffray
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July 29, 2014
15:53 EDTFDXFedEx pleads not guilty to unlawful drug shipping charges, Bloomberg says
FedEx entered a plea of not guilty to U.S. federal charges that it delivered controlled substances and misbranded drugs for illegal internet pharmacies, according to Bloomberg. FedEx may face a fine alleged to be at least $820M if found guilty, Bloomberg added. Reference Link
July 18, 2014
16:20 EDTFDXOn The Fly: Closing Wrap
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09:32 EDTFDXFedEx slips in early trading, levels to watch
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06:33 EDTFDXFedEx says loss from DOJ suit 'could be material' if convicted
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06:30 EDTFDXFedEx says innocent of charges brought by Justice Department
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July 17, 2014
18:54 EDTFDXFedEx says innocent of drug charges, will plead not guilty, Bloomberg reports
18:52 EDTFDXFedEx indicted for its role in distributing controlled substances
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