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NEW YORK, Sept 18 (Reuters)- Wall Street was set for a flat open on Wednesday ahead of an announcement by the Federal Reserve on the future of its economic stimulus program.
Sept 18- FedEx Corp posted a better-than-expected quarterly profit on cost cuts and said it would raise rates next year for express shipping, a business that has suffered as customers shift to slower but cheaper delivery options.
U.S. stock index futures continued to hover around the flatline Wednesday ahead of the Federal Reserve's announcement on the future of its economic stimulus program.
*FOMC meeting minutes due at 2:00 p.m. ( 1800 GMT. Expectations are that the Federal Open Market Committee (FOMC) will be cautious with cuts to its $85 billion in monthly asset buying when it announces its plans at 2:00 p.m. EDT ( 1800 GMT), while also seeking to reassure investors that an actual rise in interest rates is still distant.
**APPLE INC, Tuesday close $455.32, up 1 pct premarket. The fingerprint reader on Apple's top-end iPhone 5 S received an early thumbs up for ease of use from two influential reviewers, helping dispel concerns about the scanning technology which has been notoriously unreliable in other cellphones. **FEDEX CORP, Tuesday close $110.68, up 2.2 pct premarket.
Some of the names on the move ahead of the open.
FedEx reported earnings and revenue that beat expectations as the courier company cut costs and its lower-priced ground shipping business did well.
Arthur Hatfield, Raymond James transportation analyst, provides a preview of FedEx's fiscal year first quarter earnings and explains how excess capacity will likely produce "anemic" numbers as compared to a year ago.
The "Fast Money" traders share their final trades of the day.
BEIJING, Sept 16- More than 50 cities in China have answered Beijing's call for cleaner economic growth with plans for aviation hubs, airports clustered with industrial zones.
NEW YORK, Sept 15- Months of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds.
The IRS is expanding its rules for what business repairs qualify as tax deductible, everything from laptops to aircraft engines.
A day-by-day look at what Jim Cramer plans to monitor in the days to come.
The difference between a deductible repair and a non-deductible improvement to "tangible property" has historically been a point of frequent dispute between the IRS and companies. In more than 220 pages, the IRS has now finalized rules effective Jan. 1, 2014, making more costs deductible, including for instance, new laptop computers worth less than $5,000.
NEW YORK, Sept 13- Months of anticipation will come to an end next week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds.
Talking Squawk—the official blog of everything "Squawk Box"—is back from hiatus and chock-full of goodies.
The interview, which ran on the website of Outdoor Life magazine, was set up by Ketchum Inc., the U.S. public-relations firm that has worked to burnish Russia's image since 2006..
Here are some of the most memorable moments in game show history.
BIRMINGHAM, Ala., Aug 15- Investigators combed through the wreckage of a UPS cargo plane for the second straight day on Thursday, hoping to find clues to the crash that killed two pilots outside Birmingham, Alabama's international airport early Wednesday.
"I can confirm they were killed in the crash," Birmingham Mayor William Bell said of the pilot and co-pilot, who were not identified immediately. United Parcel Service Inc flight 1354, en route from Louisville, Kentucky, to Birmingham, crashed at about 5 a.m. CDT, according to the FAA.