FedEx 4Q profit rises on growth in ground shipping

DALLAS — The boom in online shopping may be hurting some store-based retailers, but it is doing wonders for FedEx Corp. The package-delivery giant said Wednesday that its fiscal fourth-quarter profit rose sharply thanks to the growth in e-commerce,...

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Mainers paying $99 in monthly premium on exchange

AUGUSTA, Maine — Mainers who signed up for health care coverage on the federally-run exchange are paying an average of $99 per month in premiums. The U.S. Department of Health and Human Services figures released Wednesday show that 89 percent of Mainers...

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Sustainable energy hub for Asia launched

MANILA, Philippines — The Asian Development Bank and two U.N. agencies launched a hub Wednesday to mobilize investments and innovation to bring clean energy to the Asia Pacific region, where more than 600 million people lack electricity and 1.8 billion...

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Germany's Merkel: no need to loosen euro rules

BERLIN — German Chancellor Angela Merkel is making clear she won't back changes to the 18-nation eurozone's budget deficit rules after her deputy signaled greater flexibility. Vice Chancellor Sigmar Gabriel, who criticized Germany's austerity-led approach...

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Delta says sorry for tweet linking Ghana, giraffe

ATLANTA — Delta Air Lines Inc. apologized Tuesday for a tweet meant to congratulate the U.S. soccer team for its win over Ghana but which critics said was ignorant or offensive. Delta gave the tweet the equivalent of a referee's red card: The airline...

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Stocks waver in early trade ahead of Fed decision

U.S. stocks are little changed in early trading as investors wait for the latest policy action from the Federal Reserve. FedEx rose 5 percent after the package delivery service reported that its income rose as growth in online shopping gave its ground-shipping...

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Social Security closes offices as baby boomers age

WASHINGTON — Even as millions of baby boomers approach retirement, the Social Security Administration has been closing dozens of field offices, forcing more and more seniors to seek help online instead of in person, according to a congressional report...

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Trial begins for former hedge fund owner's brother

NEW YORK — A prosecutor in the New York insider trading trial of an imprisoned hedge fund owner's brother says the pair teamed up to cheat ordinary investors. The prosecutor's opening statements about Rengan Rajaratnam (RING'-an rah-juh-RUHT'-nuhm)...

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US stocks drift lower ahead of Fed meeting

Financial markets inched lower in early trading Wednesday as investors sifted through a batch of mixed corporate earnings and awaited the Federal Reserve's latest policy update and outlook on the economy. KEEPING SCORE: The Standard & Poor's 500...

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H&M sees rise in second quarter profit, sales

STOCKHOLM — Swedish clothing retailer Hennes & Mauritz AB says its second-quarter earnings rose 25 percent as online expansion and new store openings boosted sales. Net profit in the March-May period was 5.81 billion kronor ($870 million), up from...

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