Fedex Restoring Payments To 401k's (FDX)
Symbols: FDX
Fedex (NYSE: FDX) reported today that it is raising its profit view. This is important to investors, but it also announced today that it is restoring 401k matches to help fund its employees retirements.
Jim Corridore, an analyst with S&P Equity Research said, "Restoring the 401(k) match is also a sign of optimism that we're not going to see a double-dip recession."
Fedex shares are currently skyrocketing on the increased outlook and 401k match, trading at at $83.11, up $4.15 on the day.
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