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FedEx and UPS set guidelines for return of Galaxy Note 7 devices

MARKETWATCH 8:06 AM ET 10/13/2016

Symbol Last Price Change
FDX 173.54down 0 (0%)
SSNLF 1350down 0 (0%)
QUOTES AS OF 04:01:03 PM ET 10/12/2016

FedEx Corp. (FDX) and United Parcel Services Inc. (UPS) have set guidelines for returning Samsung Galaxy Note 7 devices, to catch on fire. Both companies will only accept returns of the phones if they have been packaged in boxes that are made to handle lithium-ion batteries, according to Bloomberg (https://www.bloomberg.com/news/articles/2016-10- 12/u-k-s-royal-mail-bans-return-of-samsung-note-7-via-its-network). The companies will only transport the devices by ground shopping due to regulations on transporting recalled lithium battery items by air. Samsung has asked consumers to turn off the Galaxy Note 7 devices and return them to the location of purchase for an exchange or refund. Shares of Samsung Electronics Co.(SSNLF) s: KR: 005930] were up 1.4% Thursday.

-Caitlin Huston; 415-439-6400; [e-mail]


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