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FedEx delivery service to pay $35 million fine for cigarette smuggling

An American company has entered into a court agreement to pay a fine for transporting illegal cigarettes. FedEx will reimburse the damage from the underreceived excises for the amount of $35 mln. Analysts believe that FedEx stocks are able to grow FedEx will pay the state of New York $35 million to settle three trials. The delivery service was accused of deliberately transporting hundreds of thousands of non-taxable cigarettes, the Wall Street Journal said. Immediately after the publication of the shares of the company decreased by 1%-but analysts still found the completion of the court on FedEx Good news for the company. Credit Suisse Analysts expect the shares to grow by 37% during the yea... [Read more]