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FedEx Corp

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  • More Colorado pot seized in the mail, report says Thursday, 28 Aug 2014 | 7:04 AM ET

    DENVER— The amount of Colorado marijuana being seized en route to other states through the U.S. mail has more than quadrupled since 2010 and was destined for more states than before, according to a new report by a federally funded drug task force.

  • Court rules against FedEx in drivers' labor case Wednesday, 27 Aug 2014 | 6:57 PM ET

    DALLAS— A federal court has ruled that FedEx Corp. improperly classified about 2,300 drivers in California as independent contractors instead of employees.

  • FedEx indicted on new criminal charges Friday, 15 Aug 2014 | 2:45 PM ET

    FedEx was indicted in a U.S. criminal case for conspiracy to launder money over deliveries for illegal online pharmacies.

  • SAN FRANCISCO, Aug 15- FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.

  • SAN FRANCISCO, Aug 15- FedEx Corp was indicted on Friday in a U.S. criminal case for conspiracy to launder money over deliveries for illegal online pharmacies, according to a court filing. The company already faced several criminal counts, including conspiracy to distribute controlled substances. FedEx has pleaded not guilty to those charges.

  • UPS, Fedex get OK to expand to more China cities Thursday, 14 Aug 2014 | 8:55 AM ET

    UPS and FedEx have received licenses in China to extend express package services to Beijing and other cities without needing joint-venture partners.

  • Early movers: WMT, KSS, GE, UPS, AMGN, GMCR & more Thursday, 14 Aug 2014 | 7:40 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Early movers: FDX, LB, BAC, YELP, FOXA, WEN & more Thursday, 7 Aug 2014 | 7:39 AM ET
    A trader works on the floor of the New York Stock Exchange (NYSE).

    Some of the names on the move ahead of the open.

  • *Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.7 percent to $98.86 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 1.6 percent at $147.14.

  • FedEx pleads not guilty to online pharmacy charges Tuesday, 29 Jul 2014 | 4:07 PM ET

    FedEx said it would fight any additional charges if they are brought. FedEx is due back in court Sept. 24 in San Francisco for a status conference.

  • UPS CFO Kurt Kuehn on UPS settlement     Tuesday, 29 Jul 2014 | 4:00 PM ET

    UPS CFO Kurt Kuehn on CNBC's Squawk on the Street on his company's decision to stop deliveries for illegal online pharmacies and pay $40 million to end a Federal criminal probe into its shipping practices. Rival FedEx was in court today fighting similar charges.

  • SAN FRANCISCO, July 29- The U.S. judge overseeing a criminal drug prosecution against FedEx Corp said one of the core issues will be what FedEx executives knew about illegal online pharmacies whose packages it shipped. FedEx was indicted earlier this month on 15 criminal counts, including conspiracy to distribute controlled substances.

  • *Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.1 percent to $99.47 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 0.8 percent at $148.36.

  • U.S. judge wants FedEx drug case to proceed quickly Tuesday, 29 Jul 2014 | 2:42 PM ET

    SAN FRANCISCO, July 29- The U.S. judge overseeing a criminal drug prosecution against FedEx Corp said one of the core issues will be what FedEx executives knew about illegal online pharmacies whose packages it shipped. FedEx was indicted earlier this month on 15 criminal counts, including conspiracy to distribute controlled substances.

  • *2nd- qtr profit of $1.21/ share vs est $1.25/ share. July 29- United Parcel Service Inc, the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the busy holiday shopping season.

  • UPS slashes forecast as it spends to boost capacity Tuesday, 29 Jul 2014 | 10:46 AM ET
    A UPS worker delivers packages in Chicago.

    UPS slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.

  • FedEx hires Barry Bonds lawyers for drug case Tuesday, 29 Jul 2014 | 9:32 AM ET
    Former Major League Baseball player Barry Bonds (C) stands with his attorneys, Allen Ruby and Cristina Arguedas, they leave San Francisco federal court in a file photo from April 13, 2011.

    FedEx hired attorneys who represented Barry Bonds to defend against charges that it knowingly shipped packages from illegal pharmacies.

  • SAN FRANCISCO, July 28- FedEx Corp has hired some of the hard-hitting attorneys who represented home run slugger Barry Bonds to defend against criminal allegations that FedEx knowingly shipped packages from illegal online pharmacies. Cristina Arguedas and Allen Ruby were retained by FedEx last week, according to court records.

  • FedEx indictment shouldn't hurt shares, pro says Friday, 18 Jul 2014 | 4:41 PM ET
    A FedEx logo on a delivery truck

    FedEx's indictment for shipping packages from illegal online pharmacies isn't hurting shares, which makes sense to one analyst.

  • US indicts FedEx in drug probe     Friday, 18 Jul 2014 | 4:37 PM ET

    Digging into the FedEx indictment for drug trafficking, with Steven Harper, former Kirkland & Ellis partner, and Marc Lopresti, Lopresti Law Group.