ADVFN - Advanced Financial Network.
HOME» NYSE » F » FDX Stock Price » FDX Stock News

Fedex Share News

 Fedex Corp Stock Price
FDX Stock Price
 Fedex Corp Stock Chart
FDX Stock Chart
 Fedex Corp Stock News
FDX Stock News
 Fedex Corp Company Information
FDX Company Information
 Fedex Corp Stock Trades
FDX Stock Trades

TNT Takeover By UPS Could Cost Up To 20,000 Jobs - Report

AMSTERDAM -(Dow Jones)- The takeover of Dutch package shipper TNT Express NV (TNTE.AE) by U.S.-based United Parcel Service Inc. (UPS) could cost up to 20,000 jobs, Dutch daily Het Financieele Dagblad reported in an interview with TNT Chief Executive Marie-Christine Lombard. On Monday, UPS, the world's largest international package shipper by revenue ahead of FedEx Corp. (FDX), said it has agreed to buy smaller rival TNT Express in an all-cash deal valuing the Dutch package shipper at EUR5.16 billion ($6.80 billion). According to the newspaper, Lombard said that while there are few concrete agreements about labor aspects, the loss of up to 20,000 jobs is possible. She added that part of the agreement is that potential lay-offs would be evenly spread between TNT and UPS. TNT has a total of 77,000 employees. TNT wasn't immediately available to comment. -By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

Stock News for Fedex (FDX)
DateTimeHeadline
04/01/201511:45:02How Are FedEx Corporation and United Parcel Service, Inc. Shaping...
03/30/201512:19:025 Things FedEx Management Wants You to Know
03/30/201509:55:05Air Freight And Logistics Companies Show Lower Alpha Returns...
03/27/201510:17:01The Most Expensive Stock in Transportation Worth Buying
03/26/201515:21:11FedEx Uses 'Common Carrier' Defense Against DOJ Drug Shipping...
03/25/201511:42:15Will This Century-Old Theory Really Send Stocks Into a Correction?
03/24/201508:00:00FedEx Office Recognized for Providing Superior Commercial Print...
03/24/201504:42:15ModernGraham Quarterly Valuation Of FedEx Corporation
03/21/201509:49:37FedEx - Caution As There Are Few Triggers Ahead
03/20/201512:31:03Drone Developers Seek to Soar Over Delivery Hurdles
03/20/201506:30:26Wall Street Breakfast: White House To Unveil Fracking Rules
03/20/201501:59:59FedEx pays $1.4B for GENCO; $42M for Bongo
03/19/201517:39:11FedEx Pays $1.4 Billion for GENCO
03/19/201515:48:05Quarterly Report (10-q)
03/18/201517:17:39MARKET SNAPSHOT: U.S. Stocks Rally As Fed Telegraphs Cautious...
03/18/201515:05:44MARKET SNAPSHOT: U.S. Stocks Swing To Gains As Slower Rate Hike...
03/18/201513:35:09FedEx Profits Surge; Outlook, Revenue Disappoint--3rd Update
03/18/201513:31:26MARKET SNAPSHOT: U.S. Stock Slump Intensifies As Market Awaits...
03/18/201512:42:23MARKET SNAPSHOT: U.S. Stock Slump Intensifies As Market Awaits...
03/18/201511:32:26MARKET SNAPSHOT: U.S. Stocks Slump As Market Awaits Fed Policy...

Fedex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad