FedEx attorney confirmed as US attorney in Memphis

NEW YORK (AP) – FedEx’s freight unit says it will lay off 900 employees, saying that sluggish demand has declined further so far this year. FedEx Freight, a subsidiary of FedEx Corp., said the unit is not gaining market share fast enough to offset the steep declines in customer demand. A company spokesman said the…

Last week, Wall Street suffered its worst week in three years. Certainly it can’t get worse, can it? Well, if you believe in the FedEx Factor, the economy is facing a bumpy road for the remainder of the year. More: continued here

Developing a comprehensive plan to achieve U.S. energy independence is the "single biggest" way to boost the economy, FedEx Chairman and CEO Fred Smith told CNBC. More: continued here

NEW YORK — FedEx Corp. thinks the global economic recovery is becoming more balanced, as growth improves in Europe and the U.S. while it moderates in Asia. More: continued here

VentureBeat Groupon tests payments rival to PayPal, SquareReutersThe move puts the world's largest daily-deals company in direct competition with eBay Inc's PayPal, and start-up Square Inc, partly owned by Visa Inc. Groupon started in 2008 by offering heavily discounted deals on local goods and services.Report: Groupon is testing a payment service that undercuts Square, PayPalFiercemobilecontentall…

A former FedEx pilot busted for tax evasion was sentenced Tuesday. More: continued here