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postal service

US Postal Service Loss Widens To $3.2 Billion in 2Q

The nearly bankrupt U.S. Postal Service said Thursday its net loss widened to $3.2 billion in the fiscal second quarter as revenues continue to dwindle. It also said it lacks sufficient cash to pay for required future retiree health benefits.

New York Air Traffic Controllers Slept On Duty: OSC

The Federal Aviation Administration is being urged to implement stronger oversight of air safety after officials found several safety rules violations on the part of air traffic controllers in New York.
Mourdock

Mourdock Victory Over Lugar Emboldens Democrats

Democrats are seeing shades of 2010 in the Indiana Senate race, contending that Republican Richard Mourdock's primary win over longtime incumbent senator Dick Lugar gives them an opening.
Pills

'Breakthrough Drugs': FDA May Speed Approval Process

Experimental drugs that show a big effect early in development for treating serious or life-threatening diseases would get a faster and cheaper path to U.S. approval, under a proposal likely to become law this year. U.S. drug regulators would be able to label such treatments breakthrough therapies, and work with companies to speed up clinical trials, for example by testing the drugs for a shorter time or enrolling fewer patients.
Group of Nine

China May Delay Selection Of Future Leaders

The top echelons of the Communist Party of China may be discussing a delay of a key congress later this year that would determine who will replace the nation's top nine leaders.
Holey Optochip

Semiconductor Industry Lauds Congressional Boost For R&D Funds

The Semiconductor Industry Association, which represents the top U.S. chipmakers, lauded bipartisan approval in the U.S. Congress to boost funding for both the National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST).

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