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Weak Outlooks Doom Dow to Worst Day in 4 Months

U.S. stocks fell on Tuesday, driving the Dow industrials to the biggest drop since June 21, as weak results from index members DuPont and United Technologies showed profit growth is slowing.

10 Companies That Owe Amazon a Big 'Thank You'

Amazon's holidays are off to a great start, but with its stock trading north of 100 times earnings, AMZN shares could be the one thing you don't want to buy from the online retailer. Instead, consider these companies that are riding on the coattails of the online shopping boom.

Cuts to First-Class Mail to Slow Delivery in 2012

The cash-strapped U.S. Postal Service said Monday it is seeking to move quickly to close 252 mail processing centers and slow first-class delivery next spring, citing steadily declining mail volume. The cuts are part of $3 billion in reductions aimed at helping the agency avert bankruptcy next year.

Occupy Wall Street Needs to Occupy Washington

People enraged by the status quo are occupying America's public spaces. Most agree that companies wield too much influence in government -- and that we need to change that. The way to do so is to limit corporate donations to politicians -- it's not even their money to give.

The Post Office Is Doomed. Some Say Good Riddance

If the USPS went into bankruptcy, would anyone care? Not according to former UPS board member Gary MacDougal, who argued in a scathing attack last week that "the rapid growth of email, online bill paying," and private parcel delivery firms like UPS and FedEx has made the Post Office obsolete. Statistics suggest he's right.

Mail Delivery Just Got More Interesting

As the U.S. Postal Service works feverishly to close its budget gap, UPS is taking advantage of the turmoil to highlight how much more innovative its brown-clad couriers can be, compared to their blue-suited cousins.

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.