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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:05 EDTFDXFedEx falls, heads for support test
The stock is down 1.7% to $136 at time of writing and putting the shares on track for a test of support. The 30-day moving average, under the 10-day and 50-day moving averages, is next support at $134.59. A break below that level would snap the existing uptrend. Resistance is at the 10-day, last at $137.56.
News For FDX From The Last 14 Days
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August 30, 2015
21:50 EDTFDXFedEx pilots union leadership approves tentative 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 EDTFDXUPS 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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August 18, 2015
06:39 EDTFDXUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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