IBT Staff Reporter

62701-62730 (out of 154947)

Postal Service to Close 3,700 Offices

The postmaster general revealed that over the next decade, half of the 32,000 post offices. More than 200 each post offices will be closed in Texas, Illinois, Missouri and Pennsylvania.

Nasdaq OMX profit dips in Q2, beats estimates

Nasdaq OMX Group said on Wednesday its quarterly income fell 4 percent, still beating expectations, as weaker U.S. and European volumes offset market share gains in U.S. options and stocks.

Conflicting statements cast doubt on euro zone deal

Contrasting statements by euro zone politicians to domestic audiences have underlined the fragility of last week's deal to rescue Greece and unsettled financial markets already on edge because of the U.S. debt impasse.

Peugeot, Nissan smarting after Japan quake

Car makers showed the impact of the Japan disaster with France's PSA Peugeot Citroen warning 2011 profits would be hit and Japan's Nissan Motor <7201.T> posting a 10 percent profit fall.

Nippon Steel sees post-quake profit recovery, JFE lags

Nippon Steel Corp <5401.T>, Japan's top steelmaker, forecast profits to rise this year as a slow global economic rebound bolsters demand, outperforming smaller rival JFE Holdings Inc <5411.T> which expects earnings to dwindle on tough competition in Asia's export markets.

Merck KGaA slashes outlook on weak TV demand

Drugs and chemicals maker Merck KGaA slashed its profit outlook on sluggish demand for liquid crystals and took hefty one-off charges for a fresh start under its new finance chief.

Stock index futures mixed; Amazon eyed

Stock index futures pointed to a mixed opening on Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.13 percent at 0940 GMT.

Nissan beats expectations as it recovers from quake

Nissan Motor Co <7201.T> reported a smaller-than-expected 10.4 percent decline in quarterly operating profit on Wednesday as it recovered swiftly from a parts shortage that hammered the industry after the March 11 earthquake.

Nissan Q1 profit down 10 pct as quake hits output

Nissan Motor Co <7201.T> reported a 10 percent fall in quarterly operating profit on Wednesday as a shortage of parts after the March 11 earthquake peaked during the quarter and slashed vehicle production.

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