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A big drop in revenue at FedEx confirms that the economy was lousy last quarter. The company’s outlook isn’t reassuring investors. More: continued here

The influential chairman of parliament’s Treasury committee urged the government on Wednesday to scrap plans to sell part of Royal Mail and to find a public sector solution to its problems. More: continued here

Stocks slipped on Wednesday, weighted by a downgrade of 22 banks by Standard and Poor’s and a disappointing earnings outlook from economic bellwether FedEx Corp . More: continued here

Officials Cautiously Optimistic About Decline In Food Stamp…State Bill Colorado, COBy Jeff Francis, MILE HIGH NEWS Amid unprecedented demand for food stamps, state officials have seen a trend that is reflected in Jefferson County – a significant dip in applications in May. Those officials are hesitant to attribute the trend to …

FedEx warned it expects earnings well below analysts’ views in the next quarter, after posting a bigger fiscal fourth-quarter loss due to hefty one-time charges on Wednesday. More: continued here

3 charged in theft of cookware at plantToledo Blade, OHBy JENNIFER FEEHAN Three former employees of the Calphalon factory in Perrysburg Township have been charged with taking gourmet cookware out the back door and selling it on eBay. Perrysburg Township police arrested Christopher Boyd, 20, …3 men fired from Calphalon for …

You can buy almost everything on eBay, and almost everything is exactly what the Zdoneks are selling. “We’ve got everything from A to Z,” Judy Zdonek of Decatur said of the 58,000-item lot … More » More: continued here

Workers charged with stealing cookwareUnited Press InternationalPERRYSBURG, Ohio, June 17 (UPI) — Investigators say three employees at an Ohio cookware factory allegedly made $15000 selling stolen items on eBay. Two of the workers were arrested Monday, the Toledo Blade reported, and the third surrendered Tuesday. …Factory workers charged in costly …

Residents determined to save the downtown Plant City post office packed a community meeting and challenged federal officials to explore all options before closing the 74-year-old facility. More: continued here

1015: Bookmakers are virtually united behind Yeats as he attempts to rewrite history with an unprecedented fourth victory in the Gold Cup at Royal Ascot on Thursday. More: continued here