The U.S. National Transportation Safety Board (NTSB) is investigating an aborted landing in Austin, Texas by a FedEx Boeing 767 cargo plane that had been set to land on a runway that had a departing Southwest Airlines 737 airplane. The NTSB said it was investigating "a possible runway incursion and overflight involving airplanes from Southwest Airlines and FedEx."
In the latest trading session, FedEx (FDX) closed at $214.67, marking a +0.08% move from the previous day.
A U.S. judge rejected FedEx Corp's request to throw out or reduce a jury's $366 million damages award to a Black former employee who said the package delivery company fired her after she complained about racial discrimination. FedEx appealed the final judgment entered on Thursday by U.S. District Judge Kenneth Hoyt in Houston in favor of the plaintiff Jennifer Harris, who spent more than 12 years at FedEx before her January 2020 termination. Harris said she had been a "rising star" who FedEx promoted six times and made a district manager, before her white supervisor asked her in March 2019 to take a demotion.