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Today’s headlines
BP considers gas terminal in Tampa
The project is seen as a means to meet the expected rising demand for natural gas in the next decade.

Business today
FEDEX DROPS EARNINGS FORECAST: FedEx Corp. expects fourth-quarter earnings to be below Wall Street expectations due to sluggish economic conditions. The courier said its earnings are expected to range from 50 cents to 60 cents a share for the quarter ending May 31, compared with 85 cents a share the previous year. Analysts had expected earnings of 69 cents per share for the fourth quarter. FedEx said it is taking steps to reduce expenses and capital spending but offered no details. Shares of FedEx fell $1 to $40.28.

Summertime blues: Gas prices to keep rising
With reports of $2 a gallon in some areas and even talk of $3, the White House says: Don't expect a quick fix.