Company: FedEx Corporation

(Reuters) - The cash-strapped U.S. Postal Service will offer buyouts this summer to nearly all of its 45,000 mail handlers, part of a plan to consolidate operations at 140 mail-processing facilities in the next year.

In the small world of big CEOs, the perks can be spectacular.

WASHINGTON (Reuters) - The Postal Service will proceed with a plan this summer to shut mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain overnight delivery of local mail.

WASHINGTON (Reuters) - The Postal Service will proceed with a plan this summer to shut mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain overnight delivery of local mail.

WASHINGTON (Reuters) - The U.S. Postal Service will move ahead with a plan to shut or consolidate mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain overnight delivery of local mail.

WASHINGTON (Reuters) - The U.S. Postal Service said it is cooperating with a U.S. government investigation into a former postal worker's claim that he has been seriously ill for more than a year after he says he came in contact with a suspicious package at the Florida facility where he worked.

WASHINGTON (Reuters) - The U.S. Postal Service said it is cooperating with a U.S. government investigation into a former postal worker's claim that he has been seriously ill for more than a year after he says he came in contact with a suspicious package at the Florida facility where he worked.

WASHINGTON (Reuters) - The Postal Service will offer a temporary postage discount for mailings that include smartphone barcodes as it seeks to stem volume losses by encouraging advertisers to send more mail.

WASHINGTON (Reuters) - The Postal Service said its loss widened to $3.2 billion in the first three months of 2012 and repeated on Thursday its warning that it will likely default on payments to the federal government unless Congress passes legislation offering some relief.

WASHINGTON (Reuters) - The U.S. Postal Service said its loss widened to $3.2 billion in the first three months of 2012 and repeated on Thursday its warning that it will likely default on payments to the federal government unless Congress passes legislation offering some relief.

FedEx has donated $2.5 million to the University of Memphis to complete renovation of the video scoreboard and sound system at Liberty Bowl Memorial Stadium.

UPS said Thursday that its first-quarter profit rose 6 percent, but the result came in below Wall Street's expectations as Asian exports and other international shipments slowed.

It's not a question of which alternative fuel will replace crude oil, but which renewable sources will help reduce America’s reliance on it.

The Postal Service has been identifying ways to cope with the decline of traditional mail over the years, only to have companies — and ultimately Congress — object. The New York Times reports.

FedEx said on Tuesday it is in talks to buy French express company TATEX, while rival UPS is in the midst of its largest takeover with the purchase of Dutch peer TNT Express NV.