News Buzz: FedEx Corporation, PPG Industries, Hewlett-Packard Company, Flextronics International Ltd

Dallas, TX -- (SBWIRE) -- 03/22/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

FedEx Corporation(NYSE:FDX) shares decreased 2.65% to $6.50. The company, on Mar. 20, reported earnings of $1.23 per diluted share for the third quarter ended February 28, excluding business realignment costs totaling $47 million primarily related to the company's voluntary buyout program for eligible U.S. officers and managing directors. Including this year's realignment costs, third quarter earnings were $1.13 per diluted share.

Get Latest News, Updates on FDX Here

PPG Industries, Inc.(NYSE:PPG) shares dropped 2.64% and closed at $137.29. The company on Mar. 20, has been recognized by the U.S. Department of Energy (DOE) for "significant achievements" in advancing organic light-emitting diode (OLED) lighting technology. Dennis O'Shaughnessy, Ph.D., PPG associate director for flat glass research and development, accepted the award on behalf of the PPG team during the 2013 Solid-State Lighting (SSL) R&D (Research and Development) Workshop in Long Beach, Calif.

Is PPG a Strong Buying Opportunity After The Recent Slump? Find out Here

Hewlett-Packard Company (NYSE:HPQ) shares decreased 2.62% to $22.32. The company on Mar. 15 increased its quarterly dividend by 10 percent for a second-straight year amid mounting investor frustration with leadership over failed acquisitions. The current dividend, payable on April 3, will remain at 13.2 cents a share and then increase to 14.52 cents.

Is HPQ Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

Flextronics International Ltd. (NASDAQ:FLEX) shares fell 2.60% and closed at $6.71. Zacks upgraded shares of FLEX from an underperform rating to a neutral rating in a research note issued to investors on Mar. 1. The firm currently has $6.80 target price on the stock.
Additionally, Fitch Ratings last month has assigned a 'BBB-' rating to Flextronics;s proposed offering of $1 billion in senior unsecured notes. Fitch expects the proceeds to be used to refinance most of Flextronics' $1.2 billion senior unsecured term loan maturing October 2014.

Get latest News, Updates on FLEX Here

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