Amazon holiday quarter delivers, threatens profit squeeze for UPS and FedEx
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(Reuters) - Amazon.com Inc's rapid expansion of one-day shipping delivered a strong holiday quarter and showed the rising ambition of the company, which in six years has created a network that handles nearly as many packages as FedEx Corp .Amazon's growth may squeeze profits at United Parcel Service Inc and other carriers, but a booming e-commerce industry and Amazon's own needs mean the older companies are not packing it in. The world's biggest online retailer started making its own..