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Thousands of Post Offices Face the Budget Ax

The U.S. Postal Service is expected to release a list Tuesday of 3,653 post offices it will consider shuttering, according to several media outlets. The USPS lost more than $2.2 billion last quarter, and has warned that it will run out of money in September, so such closures are probably inevitable.

How to Reduce the U.S. Deficit: Sell Some of America's Icons?

Would the U.S. government really consider selling the Hoover Dam, all the gold in Fort Knox, or the naming rights to the Grand Canyon? That may depend on how desperate it is to balance the budget. Here are nine big U.S. assets whose auction could take a real bite out of the deficit.

10 Things You'll Be Paying More for This Year

Expect to pay more this year for many consumer goods -- from diapers to toothpaste to Big Macs. Just as the typical American family will finally have a few more dollars to spend, inflation will take a chunk of that extra cash.

The Dow Has Its Best Close Since June 2008

Wall Street shrugged off instability in Egypt to rally to a two-and-a-half year high Tuesday, boosted by encouraging economic data and better-than-expected corporate earnings.

Holiday Shipping Delivers 48% Profit Jump for UPS

Shares of the world's largest shipping got a 3% boost Tuesday after the company reported a healthy profit during the critical holiday shipping season. For 2011, UPS expects earnings to rise between 16 and 22%, topping the pre-recession levels of 2007.

Week in Preview: Jobs, UPS Earnings and More

Will the stubbornly high unemployment rate fall at all? We'll find out whether when the January employment reports come out this week. Also worth watching for are a host of earnings reports, led by economic bellwhether UPS. The package deliverer is expected to post strong results.

What's Really Behind 'Free Shipping Day'

Hundreds of e-tailers will offer free shipping today to encourage shoppers to hit the "buy" button in the final run-up to Christmas. It's a good incentive for last-minute shoppers, but is it also an attempt to keep up with Amazon's free shipping offers?

CEOs 'Encouraged' by Business Talks with Obama

The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy and the country's international competitiveness Wednesday.

FedEx Looks to Deliver Solid Gains in Its Latest Quarter

FedEx will likely show an increase in fiscal second-quarter earnings of about 20% from a year earlier when it releases its latest report on Thursday. The huge air-cargo carrier is looking for a jump in revenue to more than offset rising costs for jet fuel and other items.

Most FedEx Ground Drivers Lose in Class-Action Case

Right now, millions of Christmas presents are zooming around the country in FedEx trucks -- driven, one might think, by FedEx employees. However, it turns out the employment status of those drivers depends on which state they are working in, and according to a judicial ruling issued Tuesday, most are independent contractors.

FedEx Gears Up for Busiest Day of 2010

FedEx (FDX) is gearing up its busiest day of the year, confident that holiday shopping will help push traffic above its 2009 peak. FedEx, based in Memphis, Tenn., expects to handle about 16 million packages worldwide today, according to The Wall Street Journal. That%u2019s nearly 13% higher than its busiest day in 2009.

UPS to Require Photo IDs for Shipping Packages

UPS (UPS) is now requiring photo identification from customers shipping packages at retail locations around the world, a month after explosives made its way on to one of the company's planes.

Holiday Hiring Takes a Hit, Despite a Brighter Economy

Retailers and shipping companies are adding fewer new jobs than they did a year ago. One reason for the low number is that employers began shopping for seasonal workers earlier than usual, boosting hiring in October. If retail sales hold up, December could see more hiring.

Street Smart: What the Heck Is a Jobless Recovery?

When it comes to economic jargon there may be no more aggravating or seemingly contradictory phrase than "jobless recovery." What good is a recovery if it doesn't put people back to work? DailyFinance explains this oxymoronic state of affairs. [Video]

UPS Predicts 7.5% Jump in Holiday Shipping for 2010

As UPS gears up for its busiest time of year by hiring about 50,000 temporary workers, the world's largest package-delivery service said it expects to ship about 7.5% more packages this holiday season than it did a year ago.

As the Dollar Sinks, Prices of Essentials Soar

Intended or not, the Fed's quantitative easing policies are destroying the dollar's value. And that in turn is pushing prices of commodities that Americans need -- such as instance food, cotton and oil -- ever higher. And that hurts companies as well as consumers.

UPS to Raise Rates by 4.9% in 2011

UPS (UPS) will raise rates by 4.9 % for UPS ground packages in 2011. UPS will also raise rates by 4.9% for all air express and U.S. origin international shipments, the company said in a statement.

Are Air Cargo Costs About
to Go Sky High?

The discovery of two explosive devices found in packages on U.S.-bound cargo planes Friday raises new questions about security in the air-freight industry -- and its potential cost.

The 10 Biggest Corporate Givers to Politicians

As the mid-term election slowly draw nearer, we're taking a look at the companies whose deep pockets help keep America's political campaigns rolling along. With the help of the nonpartisan folks at the Center for Responsive Politics, we've combined a list of the top ten corporate campaign contributors, offering a look at the candidates they support, the issues that concern them, and their lobbying habits.

UPS to Hire 50,000 Workers for the Holiday Rush

UPS (UPS) will hire 50,000 seasonal employees to work over the holiday season. The company is taking on temporary staff to work in positions including package sorters and driver helpers, CNNMoney reported. They will work through the company%u2019s busy season, which covers the holiday period from Thanksgiving to Christmas.

UPS Launches Marketing Campaign to Promote Logistics Business

Package-delivery company United Parcel Service (UPS) is launching its largest ever marketing campaign to promote its logistic business to small and medium- sized companies looking to export their products. Print, TV and digital-media ads in the U.S., China, Mexico and the UK will promote UPS logistics with the slogan "We [Heart] Logistics" The Wall Street Journal reported.