Friday’s Wall Street Journal says FedEx might not look like the kindest company after announcing wage cuts, but economic experts here in Memphis believe the move could turn out to be one of the smartest corporate responses to the recession. More: continued here

Operation Santa is resuming at the post office. The program in which volunteers reply to children’s letters to Santa was suspended after what the Postal Service said was a “privacy breach” in New York on Tuesday. In that incident a postal worker recognized one of the volunteers as a registered …

The internet entrepreneur behind an online video game inviting users to throw footwear at President George W. Bush sold the property on eBay in just four days, he told Reuters on Friday. More: continued here

Rather than slash jobs, FedEx Corp. announced Thursday it would institute a hiring freeze and cut salaries, including that of CEO Fred Smith. (FDX) More: continued here

MEMPHIS, Dec. 19 (UPI) — FedEx Corp. has announced it is the most recent U.S. company to at least temporarily cancel all 401(k) matching contributions for its employees. More: continued here

BIRMINGHAM, England, December 19 /PRNewswire/ — Royal Mail and the Government should look closer to home for a business partner says APC Overnight, the UK’s largest next day parcel and document delivery network organisation. More: continued here

Culminating a long stretch in which the two companies’ traffic numbers have been heading in opposite directions, Amazon.com passed eBay.com in November as the most popular retail destination on the Internet, according to Nielsen Online. More: continued here

Bash Bush site sells on eBay in four daysReuters –2 hours agoSo we whacked it on eBay," he said. "It's really cool. From Monday concept, Tuesday launch, Wednesday growth, we've had a Thursday exit — so it's kind of a … More: continued here

Examiner.com eBay auctions antiques report, Jugtown ware, 1816 sampler …Examiner.com –4 hours agoHere is a price report on recent eBay antiques auctions I had that closed recently. These items come from a North Adams, MA trust which I am liquidating … More: continued here

FedEx reported higher profits in its most recent quarter, but it sees trouble ahead. The package delivery giant is cutting salaries for some 36,000 managers. CEO Fred Smith will take the biggest cut percentage-wise, but all managers’ paychecks will shrink. FedEx and its main rival UPS are seeing overall package …