FedEx flying high

Package delivery giant FedEx Corp reported a higher profit for its fiscal second quarter, meeting expectations, but announced a 20 percent pay cut for CEO Fred Smith and said it was suspending pension contributions as the U.S. economy’s outlook looks bleak. More: continued here

FedEx will benefit from an upcoming aviation fuel tax reduction being introduced by the Manitoba government. The tax for cargo flights will drop from 3.2 cents per litre to 1.5 July 1st. More: continued here

The Memphis-based company joins rival UPS in offering coverage for same-sex partners. More: continued here

Apparent takeover talks with a Dutch firm shows it is looking for profits in Europe. More: continued here

Ya Libnan Cash in on carnage: New Charlie Hebdo issue online for $600New York Daily NewsAmong the 4,254 items relating to a “Charlie Hebdo” search on eBay are T-shirts, coffee mugs, pens and stickers, nearly all emblazoned with the “Je Suis Charlie” ('I am Charlie') slogan that has swept its way worldwide after the murders…

FedEx said Thursday it will raise shipping rates for its Ground and Home Delivery units by an average of 4.9% in 2010 1 percentage point less than this year’s rate hike. More: continued here