• Airlines say they have started confidential merger talks. But a deal, which would create one of the world's largest airlines, is still far from reality.

    In this June 23, 2008 file photo, a US Airways jet takes-off as an American Airlines Jet is prepped for takeoff at Sky Harbor International Airport in Phoenix. The parent company of American Airlines has entered a non-disclosure agreement with U.S. Airways that will allow the companies to discuss combining the companies.
    LAST UPDATE : Dec 06, 2012, 3:00 AM EST
  • FedEx Corp. will soon begin offering buyouts to U.S. employees in an effort to cut costs.

    LAST UPDATE : Aug 21, 2012, 5:13 PM EDT
  • UPS said increasing uncertainty in the global outlook had caused it to cut its outlook

    The world's biggest parcel delivery service, UPS, has cut its profit outlook for 2012, blaming worsening global economic conditions.

    LAST UPDATE : Aug 20, 2012, 12:07 PM EDT