FEDEX

United Parcel Service Inc raised its fourth-quarter profit forecast on Friday but said it was cutting another 1,800 management and administrative jobs.

The Dow and the S&P 500 pulled back from 15-month highs on Friday after an unexpectedly weak employment report dampened hopes for a rebound in the labor market.

The snowstorm that walloped the East Coast over the weekend hit retailers hard, forcing store closures and keeping shoppers at home by the fire. But those heavy storm clouds had a silver lining for shippers like United Parcel Service, the world's largest package delivery company, whose business peaks annually with the global gift-giving frenzy that culminates around Christmastime.

Stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.

FedEx Corp forecast on Thursday profit for the current quarter below analysts' expectations, raising concerns that the U.S. economy was not recovering as fast as had been expected, and sending its shares down more than 6 percent.

U.S. stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.

U.S. stocks fell on Thursday as the dollar's rebound quelled demand for risky assets, while a soft FedEx forecast hit transportation shares and a prominent analyst cut estimates for two major banks.

U.S. stocks fell on Thursday as the dollar rebounded, diminishing the appetite for risky assets, while FedEx forecast profits below estimates and Citigroup got a cool reception for its stock offering.

FedEx Corp forecastprofit for the current quarter below analysts' expectations, casting doubt on the sustainability of its holiday volume surge and sending the package delivery giant's shares down more than 5 percent.

FedEx Corp forecast third-quarter profit below analysts' expectations, sending the package delivery giant's shares down 3.6 percent in premarket trading.

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On December 14, FedEx Corp's busiest day this year, when the shipper handled almost double its normal number of packages, the entire system stretched to accommodate the global gift-giving frenzy that culminates nearly two weeks later around Christmas.

A possible break-up of TNT moved a step closer on Tuesday as activist funds, back on the hunt for opportunities, took a 5 percent stake in the Dutch mail and logistics group.

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FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America, and its shares rose more than 3 percent.

FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America, and its shares rose more than 3 percent.

FedEx Corp shares, which have more than doubled since a low in March, may climb further given the delivery company's growing exposure to overseas markets such as China, Barron's reported on Sunday.

Deutsche Post DHL raised its 2009 outlook when posting third-quarter earnings that beat forecasts, saying on Thursday cost cuts were helping offset stubbornly weak volumes.

Key business leaders expect slow and steady U.S. economic growth but say longer term recovery depends on reforming health care and tax policy, and improving access to credit for small business.

Unemployment in this small U.S. town has quadrupled in the past 16 months, but worse is to come as thousands of unemployed workers run out of severance money and benefits.

A team including AMR Corp , Delta Air Lines Inc , Northwest Airlines Inc and US Airways Group Inc has won a U.S. Transportation Command contract worth up to an estimated $1.58 billion for international airlift services, the Pentagon said Thursday.