Key Developments: FedEx Corp (FDX)

FDX on New York Consolidated

152.50USD
28 Aug 2015
Change (% chg)

-- (--)
Prev Close
$152.50
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,684,877
52-wk High
$185.19
52-wk Low
$130.01

Search Stocks

Latest Key Developments (Source: Significant Developments)

CORRECTION - FedEx Corp reaches tentative agreement with pilots - Reuters
Wednesday, 19 Aug 2015 08:00pm EDT 

Corrects source throughout the body to Reuters from FedEx Corp.FedEx Corp:The Air Line Pilots Association (ALPA) said that FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement - Reuters.Fedex and its pilots have been negotiating on employment conditions since 2011 - Reuters.FedEx management filed for a mediation process with the National Mediation Board in October 2014 - Reuters.ALPA said that the terms of the agreement are not being released pending approval by the union's executive council - Reuters.The contract would become amendable in 2021 if the tentative agreement is ratified by more than 4,000 FedEx pilots - Reuters.  Full Article

FedEx Corp declares quarterly cash dividend
Friday, 14 Aug 2015 09:00am EDT 

FedEx Corp:Declares quarterly cash dividend of $0.25 per share.Payable Oct.1 to stockholders of record at the close of business on Sept. 10.  Full Article

Red Rock reaches agreement with FedEx Corp's Fedex express to provide biofuels for renewable, low-carbon jet fuel
Tuesday, 21 Jul 2015 08:00am EDT 

FedEx Corp:Red Rock reaches agreement with Fedex express to provide biofuels for renewable, low-carbon jet fuel.Red Rock Biofuels LLC - will produce about three mln gallons of low-carbon, renewable jet fuel per year for Fedex express, unit of FedEx Corp.Red Rock Biofuels LLC says the agreement runs through 2024, with first delivery expected in 2017.  Full Article

FedEx Corp gives FY 2016 EPS guidance
Wednesday, 17 Jun 2015 07:30am EDT 

FedEx Corp:Expects FY 2016 adjusted earnings to be $10.60 to $11.10 per diluted share.FY 2016 EPS of $10.88 - Thomson Reuters I/B/E/S.  Full Article

FedEx Corp board increases quarterly dividend 25 pct
Monday, 8 Jun 2015 04:42pm EDT 

FedEx Corp:Declared a quarterly cash dividend of $0.25 per share on FedEx Corporation common stock.Payable July 2 to stockholders of record at the close of business on June 18.  Full Article

Fedex Corp and TNT Express agree on recommended all-cash public offer for all TNT Express shares
Tuesday, 7 Apr 2015 01:00am EDT 

FedEx Corp and TNT Express NV:Fedex and TNT Express agree on recommended all-cash public offer for all TNT Express shares.Says transaction represents an implied equity value for TNT Express of EUR4.4 billion ($4.8 billion).Says TNT Express' airline operations will be divested, in compliance with applicable airline ownership regulations.Says European regional headquarters will be in Amsterdam/Hoofddorp.Says reached conditional agreement on recommended all-cash public offer of EUR8.00 per ordinary TNT Express share.Says transaction unanimously recommended and supported by TNT express' executive board and supervisory board.Says Fedex intends to finance offer by utilizing available cash resources and through existing and new debt arrangements.Anticipates offer will close in first half of calendar year 2016.After completion of offer, TNT Express supervisory board will be composed of three new members selected by Fedex Says postnl n.v., holder of about 14.7 percent of outstanding shares of TNT Express has committed to tender its shares under offer.Fedex's financial advisor is J.P. Morgan securities LLC and its legal advisors are Nautadutilh N.V. and Baker & Mckenzie.On behalf of TNT Express Goldman Sachs International and Lazard are acting as financial advisors and Allen & Overy LLP is legal advisor.Says on termination of merger due to breach of protocol by TNT Express, TNT will forfeit a gross EUR45 million termination fee to Fedex.  Full Article

FedEx Corp fined for sick leave violations - Memphis Business Journal
Wednesday, 1 Apr 2015 10:17am EDT 

FedEx Corp:Was fined for sick leave violations in New York - Memphis Business Journal.FedEx, along with six other businesses, received fines under New York City's new paid sick leave law, which was passed last year.FedEx was fined more than $33,000 after a complaint by an employee set off a state inquiry.The investigation revealed that some of the company's workers in its 60 New York City locations were refused sick leave between April and Dec. 2014.FedEx was also ordered to grant sick leave to 165 of its NYC employees and pay $15,000 in restitution to 30 of its employees.  Full Article

FedEx Corp narrows FY 2015 EPS guidance to a range below analysts' estimates
Wednesday, 18 Mar 2015 07:30am EDT 

FedEx Corp:Projects earnings to be $8.80 to $8.95 per diluted share for FY 2015.Says this outlook assumes continued moderate global economic growth.FY 2015 EPS of $8.97 - Thomson Reuters I/B/E/S.  Full Article

FedEx Corp declares quarterly dividend
Friday, 13 Feb 2015 09:00am EST 

FedEx Corp:Declares a quarterly cash dividend of $0.20 per share.Payable April 1, 2015 to stockholders of record at the close of business on March 11, 2015.  Full Article

FedEx Corp completes Genco acquisition
Friday, 30 Jan 2015 02:00pm EST 

FedEx Corp:Announces that it has completed the acquisition of GENCO Distribution System, Inc.With the completion of this acquisition, GENCO will now operate as a subsidiary of FedEx Corp. and will continue to be led by Todd R. Peters, Chief Executive Officer.  Full Article

FedEx pilot union's executive council votes in favor of labor contract

- FedEx Corp pilot union's executive council has voted in favor of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan enhancement, the Air Line Pilots Association said.

Search Stocks