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Stock Market & Financial Investment News

News Breaks
March 27, 2014
09:02 EDTFDXFedEx to open new container freight station in Chicago on March 31
FedEx Freight, a subsidiary of FedEx Corp., will open a new container freight station in its Chicago Summit, Ill., facility to consolidate and sort freight bound for Puerto Rico, effective March 31.
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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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October 8, 2014
10:06 EDTFDXStephens transportation analysts hold an analyst/industry conference call
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October 6, 2014
07:12 EDTFDXThe MedTech Conference holds a conference
AdvaMed 2014 is being held in Chicago on October 6-8.
06:30 EDTFDXFedEx confirms, responds to Kansas Supreme Court decision
FexEx confirmed the Kansas Supreme Court issued a decision finding that a class of mostly former contractors in the state of Kansas should be considered employees under the Kansas Wage Payment Act, contrary to previous rulings by the United States District Court for the Northern District of Indiana. The decision applies to those independent contractors operating in Kansas from 1998-2007. The model that the court reviewed is no longer in use. FedEx said, "We fundamentally disagree with this ruling and are committed to protecting the rights of thousands of independent business owners to continue owning and operating their own businesses. More than 100 state and federal decisions – including that of the U.S. Court of Appeals for the D.C. Circuit – have upheld our contractual relationships with independent businesses. At this time we are considering available options in response to the court’s decision."

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