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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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July 24, 2015
17:21 EDTFDXFedEx backs FY16 $4.6B capital spending view
On July 21, FedEx Corporationís wholly owned subsidiary Federal Express Corporation and The Boeing Company entered into Supplemental Agreement No. 6 to Purchase Agreement Number 3712 dated as of December 14, 2011, between Boeing and FedEx Express related to Boeing 767-300 Freighter aircraft. In the Supplemental Agreement, FedEx Express agreed to purchase 50 additional B767F aircraft from Boeing. Four of the 50 additional firm-order B767F aircraft purchases are conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the Railway Labor Act of 1926, as amended. The 50 additional firm-order B767F aircraft are expected to be delivered from fiscal 2018 through fiscal 2023 and will enable FedEx Express to continue to improve the efficiency and reliability of its aircraft fleet. FedEx Express now has a total of 106 firm orders for B767F aircraft from Boeing through fiscal 2023. In the Supplemental Agreement, FedEx Express also acquired options to purchase an additional 15 B767F aircraft. As a result, FedEx Express now has options to purchase a total of 50 B767F aircraft from Boeing. Expected capital spending for FedEx Corporation for fiscal 2016 remains at approximately $4.6 billion. The impact to FedEx Corporationís capital spending in fiscal 2017 from this new B767F aircraft order is expected to be immaterial.
July 23, 2015
14:34 EDTFDXFedEx CEO says would do business in Iran if permitted
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14:30 EDTFDXFedEx CEO feels Fed shoud raise rates this year
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July 21, 2015
17:41 EDTFDXFedEx to acquire fifty additional 767-300F aircraft from Boeing
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July 17, 2015
11:16 EDTFDXFedEx spikes higher, levels to watch
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11:07 EDTFDXRumor: FedEx moves up on activist investor speculation
July 14, 2015
06:24 EDTFDXFedEx in talks to buy 'at least' 25 Boeing cargo jets, Bloomberg reports
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