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Stock Market & Financial Investment News

News Breaks
July 14, 2014
17:21 EDTFDXFedEx says DoJ to pursue asbestos related matter as criminal case
FedEx revealed in a regulatory filing, that on January 14, the U.S. Department of Justice, DOJ, issued a Grand Jury Subpoena to FedEx Express relating to an asbestos matter previously investigated by the U.S. Environmental Protection Agency. On May 1, the DOJ informed us that it had determined to continue to pursue the matter as a criminal case, citing seven asbestos-related regulatory violations associated with removal of roof materials from a hangar in Puerto Rico during cleaning and repair activity, as well as violation of waste disposal requirements. Loss is reasonably possible, however, the amount of any loss is expected to be immaterial.
News For FDX From The Last 14 Days
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April 22, 2015
07:24 EDTFDXFedEx management to meet with Deutsche Bank
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April 21, 2015
07:29 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Toronto/Montreal on April 21 hosted by Deutsche Bank.
April 20, 2015
07:50 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Memphis/Toronto on April 20 hosted by Deutsche Bank.
April 16, 2015
11:07 EDTFDXBoeing reports one new order in weekly update
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April 14, 2015
09:37 EDTFDXPlug Power says FedEx rolling out GenDrive powered cargo tuggers
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07:10 EDTFDXAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
April 12, 2015
13:45 EDTFDXUPS to invest $1.06B in Europe expansion, Reuters says
According to a report in German magazine Wirtschaftswoche, UPS (UPS) plans to invest over $1B in Europe to expand its package delivery network, says Reuters. Last week UPS rival FedEx (FDX) announced its intention to acquire TNT Express (TNTEY) for EUR 8.00 per share. Reference Link

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