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

FedEx Agrees To Pay $3 Million To Settle Dept Of Labor Bias Claim

By Bob Sechler Of DOW JONES NEWSWIRES FedEx Corp. (FDX) said Wednesday that it has agreed to pay $3 million to settle allegations from the U.S. Department of Labor regarding discriminatory hiring practices for part-time package handlers at its ground division. The Memphis, Tenn., company said the allegations arose in 2004 and involved 25 ground division locations. It denied wrongdoing but said it agreed to a settlement "in an effort to put these matters behind us." A spokesman for the Department of Labor wasn't immediately available for comment Wednesday. "While we admitted no wrongdoing and believe [the Department of Labor's] position was not supported by the law, we agreed to pay $3 million to avoid what would have been certainly a prolonged and much more expensive resolution process," FedEx said in a prepared statement. The company added that it "will continue to review and enhance our hiring practices to promote FedEx ground's commitment to diversity and equal employment opportunity." It also noted that the allegations were based upon statistical analysis, rather than "individual complaints or investigations." FedEx is scheduled to report its quarterly financial results Thursday. -By Bob Sechler, Dow Jones Newswires; 512-258-1690;

Stock News for Fedex (FDX)
11/25/201506:00:00Watch the latest episode of BizWireTV from Business Wire
11/24/201519:55:00FedEx Gets U.S. Antitrust Approval for TNT Deal
11/21/201511:00:023 Surprising Stocks to Buy Ahead of Cyber Monday
11/18/201516:23:22Current Report Filing (8-k)
11/18/201512:00:00Transportation Insight Buys Parcel Delivery Software Platform
11/17/201515:00:00Online Sales of Bulky Goods Fuel Boom in Delivery Specialists
11/17/201509:00:00Trees for Troops – How the Holidays Arrive for the Military
11/13/201512:30:00USPS Posts Annual Loss, Though Revenue Rises
11/13/201512:13:43Statement of Changes in Beneficial Ownership (4)
11/10/201516:51:00Statement of Changes in Beneficial Ownership (4)
11/07/201517:01:03Can You Guess Who Is Hiring the Most People for the Holidays?
11/06/201518:31:26Statement of Changes in Beneficial Ownership (4)
11/04/201509:00:00Survey Reveals Marketers Desire High-Tech, High-Quality Printing...
11/03/201516:08:50Statement of Changes in Beneficial Ownership (4)
11/03/201515:57:06Initial Statement of Beneficial Ownership (3)
11/02/201514:45:03The 2 Things United Parcel Service Must Do Next Quarter
11/02/201512:20:00Current Report Filing (8-k)
11/02/201512:00:00Chris Inglis Joins FedEx Corporation Board of Directors
11/01/201512:30:03Abercrombie & Fitch and Gap Could Be Retail Losers This Holiday...
10/31/201511:40:02How a Pilot Strike Threat Could Derail the UPS Turnaround

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