US factory output falls on weak auto production

WASHINGTON: US factories slowed production in January after two solid months of cranking out goods. The weakness reflected a big drop in output at auto factories that is likely temporary.

FedEx to add 20,000 seasonal workers, sees shipping up 13 pct

FedEx Corp said on Monday it plans to hire 20,000 seasonal workers, the same as last year, to handle holiday shipping volume that it expects will be up more than 13 percent.

Sector Snap: Coal companies fall on weak demand

NEW YORK (AP) — Shares of coal mining companies tumbled Monday as inventories continued to build with weaker demand in the slowing global economy.