The Teamsters on Friday blasted FedEx Corp. (NYSE: FDX) for announcing plans to continue misclassifying its drivers as independent contractors although the California Supreme Court has declared workers there as employees. The company’s independent contractor model is also being challenged by the IRS.
More: continued here
Shares of FedEx Corp. slid 3.5 percent in after-hours trade on Tuesday after the delivery giant slashed its earnings guidance for the first quarter, with economic softness stifling growth at its air cargo unit FedEx Express. FedEx, whose results are considered a key barometer of economic activity, said softness in the U.S., persistent sluggishness in…
MEMPHIS, Tenn. — FedEx Corp. said last week it will raise rates for its ground and home delivery services by an average of 5.9 percent beginning on Jan. 5. More: continued here
While the FedEx Cup Championships this week are somewhat anticlimactic with Vijay Singh (below) already having clinched the title, new Ryder Cup phenom Anthony Kim says he wants to take a big step forward for when Tiger Woods returns to the tour next year. More: continued here
FedEx Corp. announced a general rate increase of 5.5 percent Wednesday for its FedEx Freight trucking division. The demand for freight shipping is “severely restrained” by the weak national economy, the company said, noting the 6 percent drop in less-than-truckload shipments with FedEx Freight from a second-quarter earnings report last week. More: continued here
SAN DIEGO — The FBI said Monday that it is looking into whether a pipe bomb attack at a downtown federal courthouse is linked to a blast at a FedEx office last month. More: continued here
NEW YORK (TheStreet) — Fund managers are looking to finish strong in 2014 as well as set themselves up for a run in 2015 and beyond. Andrew Ver Planck, portfolio manager for the MainStay International Opportunities Fund, said one of his picks is Teva Pharmaceutical . The stock is up a compelling 43% in 2014 but there are…