United States Postal Service First Class mail, long recognized for speed and reliability considering the cost of a stamp, may slow due to cost-saving measures that may be put into place. The postal service has experienced fast decline in First Class mail due to the Internet, as more people use email and online bill pay instead. In the last five years, for example, First Class mail volume has dropped 25 percent, and single piece first class mail -- letters and such sent with a stamp -- has decli....
Rumors swirled Wednesday night that Nike was considering acquiring rival Under Armour for $100 a share, according to the London Times.
Last winter, President Barack Obama, Treasury Secretary Timothy Geithner and a small posse of White House officials made a big show as they swept through Northeast Ohio to kick off their Startup America initiative that promised to help seed new ventures and create jobs. Eight months later, Ray Leach is still waiting.
Alamos Gold raised its half yearly dividend by 40 percent, the third increase since its first payout in 2010 amid skyrocketing gold prices.
UBS said a trader has lost about $2 billion in unauthorized dealing and warned it might post a loss in the third quarter, a huge blow as the Swiss bank struggles to rebuild its credibility after years of crises.
Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.
Kingfisher Airlines Ltd., controlled by liquor baron Vijay Mallya, needs to infuse required funds to continue as a going concern, its auditor has said, raising concerns about the future of the loss-making carrier.
Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a few weeks as it waited to ride out global market turmoil.
For the top of corporate America, times could not be better. A look at the top 10 highest paid CEOs in the United States.
While searching Utah's desert for leads that could tell of Susan Powell's mysterious disappearance two years ago, police found unidentified human remains that could result in a major break in the cold case.
A West Texas teenager who said she was dying of leukemia and collected $17,000 in donations may now face felony charges for theft by deception.
The iPhone 5 could be on the way to Sprint (T) this autumn, and if that is the case, that will likely mean good things for other sector players, including existing iPhone provider AT&T (T).
Steve Burke, the longtime Comcast exec now in charge of the content side that he once tussled with about fees, sang the monetization tune on Wednesday.
MPI Media Group said on Wednesday it has acquired Yelling to the Sky, a film drama starring two of the best young actresses working today: Gabourey Sidibe and Zoe Kravitz.
U.S. solar company Calisolar on Wednesday said it would downsize its California solar cell factory, laying off 80 employees, as it focuses on its primary silicon production business.
Jamba Juice is offering $2 smoothies for a limited time. Starting Wednesday until Sept. 27, Jamba Juice is offering sixteen ounce fruit smoothies for $2, along with $2 slow-cooked oatmeal and $1 backed goods with any purchase.
The Obama Administration has no intention of walking away from investing in renewable energy projects despite the bankruptcy of a high-profile solar panel maker backed by federal loan guarantees, a top U.S. Energy Department official said on Wednesday.
Sempra Energy said it will group its power generation, pipelines, storage and LNG businesses into two new operating units, Sempra International and Sempra U.S. Gas & Power to realign operations.
The U.S. Department of Energy's loan program for innovative technologies was created under the Bush Administration in 2005, but the first loan guarantee wasn't extended until four years later when the loan office received funding under the federal economic stimulus.
Redwood Trust, a California-based REIT, is about to launch its second private-label RMBS of the year, a US$375.2m prime-mortgage offering called Sequoia Mortgage Trust 2011-2 (SEMT 2011-2), according to a presale report released on Wednesday by Fitch Ratings.
Ping An Insurance (Group) Co of China Ltd has obtained regulatory clearance to invest in private equity and real estate, the official Shanghai Securities News reported on Wednesday.
Apple opened up what it called the post-PC era with the iPad and iPad 2, pressuring the PC-dependent Microsoft, but industry watchers believe Windows 8 may not only keep the company relevant, but may propel it into a tablet leader.
White House probed for a questionable loan guarantee given to the failed solar energy firm
While most Target stores nationwide are sold out of the retailer's red hot Missoni for Target collection items, eBay has exploded with products for resale.
The survey conducted by Bloomberg suggests RIM may have shipped just one PlayBook last quarter for ever 19 iPads shipped by Apple. RIM announces earnings on Thursday, and Bloomberg's survey of analysts suggests they don't expect good news from the Canadian-based company.
Pressure has been building against Microsoft as Apple and others tout a post-PC era, but the world's largest software maker may have bought more time with its anticipated Windows 8.
JPMorgan Chase & Co. expects capital markets activity, both debt and equity, to decline by 30 percent and investment banking fees to decline to $1 billion in third quarter of 2011 from $1.9 billion last quarter.
Missoni is a hot Italian designer. Target is a discount retailer. The combination proved powerful Tuesday, as the much-hyped Missoni for Target Collection launched, crashing the company's Web site and selling out merchandise from most stores. But on Wednesday, despite a few fits and starts, target.com is working, and the company has many Missoni for Target items in stock for customers to buy.
Google watchers knew the company was going to launch its new Google Flights Web site sooner than later, considering the company acquired ITA software last year, and now it is reality, as Internet searchers can search flights based on cost and travel time. Google Flight Search launched Tuesday. Users can find it google.com/flights. The online flight service has similarities to services offered by Priceline, Expedia, and Orbitz, though some experts suggest Google's may be seconds faster in down...
Canadian miner Timmins Gold Corp reported a first-quarter profit helped by a rise in gold sales and higher gold prices.
