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Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:12 EDTUPS, CNW, FDX, JBHT, ABFSUPS, Con-way warnings weigh on transportation stocks
Shares of a number of transportation companies are dropping after two of the companies in the sector, UPS (UPS) and Con-way (CNW), pre-announced weaker than expected results. WHAT'S NEW: UPS and Con-way - which provide transportation and supply chain management services - both said that they faced challenges over the last several weeks of the fourth quarter. UPS, which pre-announced its results this morning, stated that it was hurt by the compressed holiday shopping season. The company said the "unprecedented" level of online shopping featured a surge of orders at the very end of the season. As a result of these last minute orders, UPS stated that it had to take "extraordinary measures" that included the deployment of additional equipment and people. UPS estimated that its fourth quarter earnings per share would be $1.25, versus analysts' consensus estimate of $1.43. The company predicted that its fiscal 2013 earnings per share, excluding certain items, would be $4.57, versus the consensus estimate of $4.75. Meanwhile, Con-way said that its expenses generated by employee benefits and cargo claims were higher than expected in the fourth quarter, particularly during December. In addition, its operating efficiencies were lower than anticipated, primarily due to poor weather late in the quarter, the company stated. Con-way estimated that its fourth quarter earnings per share would "approximate" 21c, versus the consensus estimate of 39c. PRICE ACTION: In late morning trading, UPS fell 1.9% to $98.50 and FedEx (FDX) lost 0.5% to $141. Meanwhile, Con-way shares fell 3% to $40, trucker J.B. Hunt (JBHT) dropped 1.15% to $77.60, and another trucking company, Arkansas Best (ABFS), sank 3.5% to $34.10.
News For UPS;CNW;FDX;JBHT;ABFS From The Last 14 Days
Check below for free stories on UPS;CNW;FDX;JBHT;ABFS the last two weeks.
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July 23, 2014
09:41 EDTCNWActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB MSFT CELG TWTR TSLA VALE CNW
July 18, 2014
16:20 EDTFDXOn The Fly: Closing Wrap
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11:35 EDTUPSUPS expands early morning delivery coverage
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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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July 16, 2014
10:00 EDTJBHTOn The Fly: Analyst Upgrade Summary
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08:58 EDTJBHTJ.B. Hunt upgraded to Outperform from Market Perform at Bernstein
06:58 EDTJBHTJ.B. Hunt upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded J.B. Hunt to Outperform based on valuation and earning momentum. The firm believes J.B. Hunt is well positioned to capitalize on the trend to intermodal from truck given its strong market position and relationships with railroads. Price target raised to $86 from $78.
06:18 EDTFDXTNT Express receives Statement of Objections from French Competition Authority
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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."
July 15, 2014
10:32 EDTUPSUPS increases presence in Brazil by opening 9 facilities
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10:05 EDTJBHTJ.B. Hunt backs FY14 revenue growth view of 10%-12%, consensus $6.19B
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08:31 EDTJBHTJ.B. Hunt reports Q2 EPS 79c, consensus 79c
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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.
15:24 EDTJBHTNotable companies reporting before tomorrow's open
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July 11, 2014
10:00 EDTCNWOn The Fly: Analyst Downgrade Summary
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06:12 EDTCNWCon-way downgraded to Neutral from Buy at Citigroup
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