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 retirement plan contributions as the U.S. economy’s outlook looks bleak. More: continued here

Evening Telegraph Royal Mail row rumbling onEvening Telegraph, UK –7 hours agoMr McGovern hit back, saying Councillor Jim Barrie was “naive” for not recognising the differences between the Royal Mail and Post Office. …Dismay at Post Office’s stanceEvening Telegraphall 2 news articles More: continued here

Post office reopens after suspicious bag foundExaminer.com –2 hours ago(Map, News) – A Colorado Springs post office is back open after being evacuated following the discovery of a suspicious bag outside the building. …Post Office Evacuated After Suspicious PackageKKTV 11 NewsMontebello post office reopened after evacuationColorado Springs GazettePost Office Evacuated for …

US delivery giant FedEx said Thursday it was slashing salaries for many employees in a further belt-tightening to cope with the global economic downturn. More: continued here

Submitted by WWAY on 18 December 2008 – 10:53am. READ MORE: There is more evidence that the economy is taking its toll here at home. Lines for the state Food Stamp Program are growing, and many of those are apparently first time applicants. More: continued here

Package delivery giant FedEx Corp reported a higher profit for its fiscal second quarter, meeting expectations, but offered a grim view of the economy in 2009 and said it is taking action to cut costs. More: continued here

FedEx reported higher quarterly earnings and revenue, but said Thursday that it has been challenged by poor economic conditions during the second quarter ending November 30th. More: continued here

Playbill.com BC/EFA Offers HAIRSPRAY Final Performance 'Extraordinary eBay' AuctionBroadway World, NY –5 hours agoThe producers of this landmark musical have generously donated a pair of orchestra seats to be auctioned on ebay with the proceeds to benefit Broadway Cares …Hairspray Final Performance Package to Benefit BC/EFAPlaybill.comall 2 news articles More: continued here

MANITOWOC Former postmaster Tony Yaggie has returned to his roots, developing a Monopoly-style board game promising enjoyment irrespective of rain, snow, heat or gloom of night. More: continued here

Royal Mail has welcomed the move to change postal regulator from Postcomm to Ofcom. The postal operator says the Government’s decision to implement change reflects the reality of the marketplace, which is increasingly switching away from mail to electronic communications. More: continued here