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Stock Market & Financial Investment News

News Breaks
December 10, 2013
06:27 EDTFDXFedEx price target raised to $170 from $140 at Citigroup
Citigroup believes the upside case for FedEx shares is $170. Citi believes FedEx's Q2 results next week will show further progress and thinks a raise to FY14 guidance is possible. The firm upped its price target for shares to $170 and keeps a Buy rating on the stock.
News For FDX From The Last 14 Days
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April 13, 2014
19:35 EDTFDXNTSB launches go-team to investigate bus and truck collision in California
In response to the bus crash involving a FedEx truck last week, the NTSB issued the following press release on its website on Friday: The National Transportation Safety Board has launched a go-team to investigate a crash involving a truck that crossed over the center median of Interstate 5 and collided with a motor coach in Orland, California. Highway Safety Investigator Robert Accetta will serve as the investigator-in-charge, leading a multi-disciplinary team of NTSB personnel. NTSB Board Member Mark Rosekind is accompanying the team and will serve as the principal spokesperson during the on-scene phase of the investigation. Reference Link
April 11, 2014
10:29 EDTFDXTen people die after FedEx truck crashes into bus, USA Today says
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April 9, 2014
07:36 EDTFDXCFA Society of Cleveland to hold a luncheon meeting
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April 2, 2014
12:22 EDTFDXFAA says Amazon.com pays $91,000 civil penalty
Amazon.com (AMZN) paid in full a $91,000 civil penalty that the U.S. Department of Transportationís Federal Aviation Administration had proposed against the Seattle, Wash. company for violating Department of Transportation Hazardous Materials Regulations. On September 16, 2013, Amazon employees improperly shipped a package containing flammable liquid adhesive by air on Federal Express (FDX) from Whitestown, Ind., to Boulder, Colo. FedEx employees in Boulder discovered a gallon container of the adhesive was leaking.The adhesive is classified as a hazardous material under Department of Transportation regulations. Amazon offered the shipment without the requisite shipping papers or emergency response information, and did not mark, label, or properly package the shipment. Amazon also failed to properly train its employees in preparing HazMat packages for shipment by air. The FAA issued the proposed civil penalty letter in late February.

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