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UTi Worldwide Inc

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  • US STOCKS-Futures flat at start of second quarter Wednesday, 1 Apr 2015 | 7:17 AM ET

    NEW YORK, April 1- U.S. stock index futures were little changed on Wednesday, with investors reluctant to keep pushing shares higher after both the S&P 500 and Nasdaq closed out their ninth straight quarter of advances. Key reports on manufacturing will be released after the market opens on Wednesday, while a report on private sector employment is due at...

  • Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several senior positions and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of...

  • UPDATE 1-UTi Worldwide says to cut several top jobs Tuesday, 27 Jan 2015 | 6:33 PM ET

    Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of $30 million...

  • UTi Worldwide says to cut several top jobs Tuesday, 27 Jan 2015 | 5:31 PM ET

    Jan 27- Logistics company UTi Worldwide Inc said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs. The company said it expected to cut jobs worldwide, but gave no details on numbers. The restructuring will result in $30 million to $40 million in annual savings, UTi said.

  • The company has lagged the wider U.S. logistics market this year that boosted results of rivals such as C.H. Robinson Worldwide Inc, XPO Logistics Inc and Expeditors International of Washington Inc.. While shares of C.H. Robinson and XPO have jumped about 60 percent and 25 percent in the past year, UTi shares have dropped about 30 percent. Analysts on average were...

  • Dec 9- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately. Kirchner joined UTi as CEO in January 2009 from parcel delivery company United Parcel Service Inc, where he led its freight forwarding business. The company denied last week a Bloomberg report saying it...

  • UTi Worldwide CEO quits, names successor Monday, 8 Dec 2014 | 11:47 PM ET

    Dec 8- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner has resigned and named Edward Feitzinger as CEO effective immediately.

  • Dec 3- Logistics company UTi Worldwide Inc said it held "exploratory" talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage. "UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV A/S, those discussions never progressed...

  • Midday movers: TSLA, EBAY, FB & more Wednesday, 26 Feb 2014 | 12:18 PM ET
    Traders on the floor of the New York Stock Exchange.

    Take a look at some of Wednesday's midday movers:

  • Midday Movers: NFLX, SIRI & More Thursday, 6 Dec 2012 | 12:16 PM ET
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    Here's what's moving Thursday midday:

  • RESEARCH ALERT-Baird cuts UTi Worldwide price target Tuesday, 9 Oct 2012 | 1:30 AM ET

    Oct 9- UTi Worldwide Inc:. *Baird cuts UTi Worldwide Inc price target to $16 from $18; rating. Reuters Station users, click. 1568.

  • *Jefferies raises Canadian National Railway Co price target to $77. *Jefferies cuts Canadian Pacific Railway Ltd price target to $77 from. *Jefferies cuts Norfolk Southern Corp price target to $72 from $75;.

  • Will Q4 Rally In Transports Push Through 2012? Tuesday, 27 Dec 2011 | 6:29 PM ET

    Transports have surged more than 15 percent in the fourth quarter, but what does the road ahead look like heading into 2012?

  • UTI Profit Falls Shy of Expectations Thursday, 29 Mar 2007 | 6:54 AM ET

    Logistics company UTI Worldwide reported Thursday quarterly income sharply higher than previous year's comparable period, but its bottom-line number fell short of analysts expectations.