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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.
The new CUE system in the 2013 Cadillac XTS and accompanying iPad app.

2013 Cadillac XTS Will Come With Free iPad, Teaching Apps

Every new 2013 Cadillac XTS will come with an Apple Incorporated (NASDAQ: AAPL) iPad with a suite of customer education apps pre-loaded to teach new owners about the car's Cadillac User Experience (CUE), General Motors Company (NYSE: GM) announced on Wednesday.
Spain, Greece Send Buyers To German, U.S. Bonds: Daily Markets Wrap

Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap

Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
JP Morgan Chase

JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees

JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
Ford Windstar minivan (model year: 1999)

Ford Recalls 27,000 Windstar Vans For Axle Problems

Ford Motor Co. (NYSE: F) is recalling 27,000 model year 1998 to 2003 Windstar vans which suffer from a problem which can cause the rear axle of the vehicle to fracture, increasing the risk of crash, a notice from the National Highway Traffic Safety Administration (NHTSA) said Wednesday.
A Macy's department store is shown in Oceanside

Macy's Beats Earnings Expectations But Still Disappoints Wall Street

Macy's, Inc. (NYSE: M), the national retailer that counts department stores brands Macy's and Bloomingdale's in its portfolio, reported earnings Wednesday that exceeded expectations, but still disappointed Wall Street, which was looking for higher guidance from the company on future earnings.
Japan's Toyota Motor Corp President Akio Toyoda speaks during a joint news conference with Salesforce.com Chief Executive Officer Marc Benioff in Tokyo May 23, 2011.

Toyota Quarterly Earnings Up 500%, Shares Soar Despite Hard Fiscal 2012

Toyota Motor Corporation (NYSE: TM) reported a 30 percent drop in income for its fiscal year ended March 31, but the company is nevertheless making headway down the road to recovery from last year's earthquake in Japan and floods in Thailand as income for January-March 2012 increased by a factor of five.
The Avengers

Walt Disney 2Q Profit Up 21%, Tops Estimate

Walt Disney Co. (NYSE: DIS), the world's largest entertainment company, reported Tuesday that its second-quarter profit rose 21 percent, topping analysts' forecasts as solid results from theme parks offset a disappointing performance from sci-fi film John Carter.
US Stock Market

Euro Zone Uncertainties Sink In: Daily Markets Wrap

Post-election uncertainty in Greece pushed investors away from stocks and commodities, lowering German and U.S. bond yields and eroding the euro's value as investors sought the dollar. France's benchmark CAC 40 Index erased its Monday gains, which had confounded investors. The reality sank in a day late as euro zone uncertainties that popped up over the weekend took root. Greek stocks have lost 10 percent of their value so far this week.
6. John Chambers: Cisco

Cisco Systems 3Q Earnings Preview: Going Up

A corporate diet, better focus and the explosion of ?Big Data? is expected to send earnings up for Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet equipment.

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