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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:29 EDTFDXFedEx informs DOJ, SEC about Kenya bribery allegations, WSJ reports
According to a statement issued to the Wall Street Journal, FedEx has informed the DOJ and SEC that it received allegations that its operation in Kenya paid bribes to government officials, violating the Foreign Corrupt Practices Act. FedEx says it is investigating these allegations and "has not found anything to substantiate the allegations." Reference Link
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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