FedEx commits $3.2 billion following changes in tax law

(Reuters) - Package delivery company FedEx Corp<FDX.N> said on Friday it planned to spend more than $3.2 billion in wage increases, bonuses, pension funding and capital investment, taking advantage of the lower tax rates.

FedEx said the recent tax law changes would likely increase GDP and investment in the United States.

Companies that have given bonuses, increased pay since tax bill passed:

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Companies that have given bonuses, increased pay since tax bill passed
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Companies that have given bonuses, increased pay since tax bill passed

Walmart

(Photo by Scott Olson/Getty Images)

Apple Inc.

(Luke Sharrett/Bloomberg via Getty Images)

Comcast 

(Photo by Justin Sullivan/Getty Images)

Starbucks

(Photo by Zhang Peng/LightRocket via Getty Images)

American Airlines

(REUTERS/Joshua Roberts)

AT&T

(REUTERS/Rick Wilking

The Walt Disney Co.

(REUTERS/Mario Anzuoni)

Sinclair Broadcast

(Photo via Facebook)

Bank of America

(BRYAN R. SMITH/AFP/Getty Images)

Alaska Airlines

(Photo by FG/Bauer-Griffin/GC Images)

BB&T bank

(REUTERS/Jim Young)

JetBlue 

(REUTERS/Brian Snyder)

Fifth Third Bank

(REUTERS/Joe Skipper)

Nationwide

(Photo via Facebook)

PNC Financial

(Christopher Dilts/Bloomberg via Getty Images)

Southwest Airlines

(REUTERS/Lucy Nicholson)

US Bancorp

(Christopher Dilts/Bloomberg via Getty Images)

Boeing 

(REUTERS/Jim Young)

JPMorgan Chase

(Daniel Tepper/Bloomberg via Getty Images)

Wells Fargo & Co.

(Daniel Tepper/Bloomberg via Getty Images)

Home Depot

(EDUARDO MUNOZ ALVAREZ/AFP/Getty Images)

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(Reporting by Rachit Vats in Bengaluru; Editing by Arun Koyyur)

 

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