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Stock Market & Financial Investment News

News Breaks
July 16, 2014
06:16 EDTFDXFedEx says France investigating anticompetitive behavior
On June 30, FedEx said it received a Statement of Objections from the French Competition Authority addressed to FedEx Express France, formerly known as TATEX, regarding an investigation by the FCA into anticompetitive behavior that is alleged to have occurred primarily in the framework of trade association meetings that included the former general managers of TATEX prior to our acquisition of that company in July 2012. FedEx says that "Given the early stage of this matter, we cannot yet determine the amount or range of potential loss; however, it is reasonably possible that it could be material."
News For FDX From The Last 14 Days
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February 12, 2016
06:38 EDTFDXAmazon expands logistics service into mainland China, SCMP reports
Amazon (AMZN) is expanding its logistics service into mainland China and other major hubs to cut down logistics costs in an effort to expand into the cross-border e-commerce market, South China Morning Post reports. The move represents an effort to challenge Alibaba (BABA) in the cross-border e-commerce market, the report says. Amazon might be leasing planes to further its ambitions beyond challenging FedEx (FDX) and UPS (UPS), the report says, citing "one rumour doing the rounds this month." Reference Link
February 9, 2016
12:50 EDTFDXAmazon working on global delivery business to challenge Alibaba, Bloomberg says
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07:45 EDTFDXUPS, FedEx face limited risk from Amazon initiative, says Bernstein
After Amazon (AMZN) launched a network of 23 sortation centers, Bernstein says that Amazon is carrying out postal injection operations, not building a ground delivery system. Moreover, Amazon's postal injection system is inferior to those of FedEx and UPS, and can only operate in the most dense areas, according to Bernstein, The firm keeps an Outperform rating on UPS and a Market Perform rating on FedEx.
February 2, 2016
05:50 EDTFDXBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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