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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:58 EDTFDXFedEx Street estimates will have to be reset, says RW Baird
Baird believes Street estimates for FedEx may be too high and will need to be reset. The firm also sees some risk upon the introduction to 2015 guidance, but adds that accelerating Express EBIT margin improvement is a critical catalyst for the stock and should lead to better visibility. Baird has an Outperform rating with a $167 price target on FedEx.
News For FDX From The Last 14 Days
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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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