Market gains as data overshadows IMF warning

Stocks rose on Thursday as signs of strength in the economy and higher-than-expected profit at FedEx outweighed a stark warning from the IMF about inaction over Europe's debt crisis.

FedEx Profit Beats Street

FedEx Corp. reported a higher-than-expected quarterly profit and said it is buying 27 new Boeing aircraft to update its fleet for fuel efficiency and cost savings.

Futures Rise Ahead of Data, FedEx Jumps

Stock index futures rose on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.

Army-Navy Game 2011: Midshipmen Rule, But Army Fights to the End

Playing in a new venue in Maryland, the president was on hand to see Navy win its 10th straight in the historical series, as the Midshipmen rushed for 296 yards and took advantage of three Army turnovers to win 27-21. But the game was closer than many expected, as Navy had to kick two fourth-quarter field goals to hold off the scrappy Black Knights.

U.S. Postal Service Cutbacks Likely to Slow Mail Delivery

In the financial crisis-era, with its constrained public revenue from a smaller U.S. workforce, almost every government agency is forced to belt-tighten -- including the U.S. Postal Service, which will implement historic cutbacks starting in the spring of 2012.

Panda Express from China to Scotland: Hairy Friends Arrive in Britain [PHOTOS & VIDEO]

A pair of pampered giant pandas, two of the few remaining specimens of an endangered species, was welcomed to their new homes in Scotland, on Sunday. The plane - Panda Express - carrying the two animals, for whom the Edinburgh Zoo is paying $10 million to Chinese authorities, landed at 9 p.m. Beijing time, at Edinburgh Airport, after taking off from the southwestern Chinese city of Chegndu.

US Chains Brace for Season of Holiday Discounts

U.S. retailers trying to woo shoppers with early deals and longer hours this week, and throughout the holiday season, could be putting their profits at risk as shoppers search for bargains and not much else.

UPS Raising Rates in 2012 by at Least 4.9 Percent

United Parcel Service Inc. (NYSE: UPS) plans to increase 2012 rates by 4.9 percent for ground package shipping, air shipping and, U.S.-origin international shipments, the company announced Friday. New pricing takes effect Jan. 2, 2012.


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FedEx Plans to Hire 20,000 New Workers for Holidays

FedEx announced on Monday, that it will hire about 20,000 new seasonal workers for the holidays, compared to just 17,000 last year. This increase will surely help some unemployed Americans, at least during the holiday season.