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Stock Market & Financial Investment News

News Breaks
April 23, 2014
05:47 EDTFDXFedEx announces Canadian retail expansion
Federal Express Canada, a subsidiary of FedEx, has announced its most comprehensive Canadian retail expansion in the company's history. An agreement has been reached with Home Hardware Stores Limited that allows individual Dealer-Owners the ability to house full-service FedEx Authorized ShipCentres within their stores. This agreement represents the largest opportunity for FedEx Express and FedEx Ground retail growth within Canada to date. In order to meet the needs of Canadian e-consumers, transportation companies are required to offer more proximate "points-of-access" options for drop-off and pick-up services. With close to 1,100 stores across Canada, Home Hardware Dealer-Owners will soon be able to offer FedEx's full suite of domestic and international shipping solutions for their respective communities.
News For FDX From The Last 14 Days
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February 27, 2015
09:58 EDTFDXOn The Fly: Analyst Upgrade Summary
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06:24 EDTFDXFedEx upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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