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Tag: fedex
FedEx Earnings Preview: Long-Term Value Remains, Spurred By TNT Express
2015-06-15 13:15:25| Air Courier - Topix.net
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Tags: express
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Oracle, Rite Aid & FedEx Highlight Quiet Earnings Week
2015-06-14 18:24:24| Air Courier - Topix.net
Things will be pretty quiet on the earnings front again this week as we wait for the new season to begin. However, a few household names will be taking their turns the spotlight.
Fedex to pay $228 million to settle independent contractor case
2015-06-13 06:05:34| Air Courier - Topix.net
Fedex has agreed to pay $228 million to settle litigation claiming the company short-changed its drivers on pay and benefits by improperly labeling them as independent contractors. The settlement disclosed on Friday is directly related to a decision against the Memphis, Tenn.-based package delivery company in August, when a federal appeals court in Oakland found that FedEx Corp. misclassified 2,300 FedEx Ground and FedEx Home Delivery drivers working in California from 2000 to 2007 as independent contractors.
Tags: case
pay
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independent
FedEx to take $2.2 billion charge on pension accounting change
2015-06-12 17:34:17| Air Courier - Topix.net
The move to mark-to-market accounting will have no effect on employees' pension benefits or the funding requirements for any pension plans or cash flows, FedEx said on Friday. "Adopting the mark-to-market approach will align our accounting to provide greater transparency by removing certain legacy pension costs from segment operating results and recognizing them in a year-end adjustment," Chief Financial Officer Alan Graf said in a statement.
Tags: change
charge
accounting
billion
FedEx (FDX) Stock Up After Being Added to Citi's 'Focus List'
2015-06-11 16:50:33| Air Courier - Topix.net
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