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U.S. Postal Service Nearing Default; Agency Pleading to Congress for Help

US Post Office In Blacksburg, Virginia
If Congress doesn't deal with problems facing the United States Postal Service when legislators return Sept. 6 from recess America's mail institution will likely default on a $5.5 billion payment due at the end of this month and likely have to shut down this winter, the postmaster general said.

Amazon's New Tablet to Take on iPad, Price Could Be $300 or Lower

A dedicated iPad station is seen in front of an iPhone at the Apple store in New York
Amazon will launch a new tablet as early as October and the product could be priced at $300 or lower in the attempt to come out strong in competing with Apple's iPad.Apple's iPad is the global tablet leader, though the fire sale $99 TouchPad made a brief appearance on the sales radar, but the biggest threat to the industry leader is on its way. Amazon has a new tablet -- its first -- expected to start shipping in October, according to a report in Taiwan's DigiTimes.

10 Reasons Amazon's Bezos is World's Reigning Tech Freak Geek Leader

Now that has resigned at Apple's CEO, it's time to recognizing the world's new reigning tech freak geek leader. There was only one clear heir apparent to the post, and really no discussion at all is required in naming Amazon founder and CEO Jeff Bezos to the honor.Jobs is credited as arguably the world's all-time great innovating CEO. He helped launch the Mac computer. He created iTunes, the iPhone smartphone and the iPad tablet. But Bezos has hire share of tech obsessions and ac...
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TD Bank raises dividend as profit jumps 23 percent

TD Bank raises dividend as profit jumps 23 percent

Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.
A money dealer counts the Nigerian naira on a machine

Nigeria's Access Bank to buy rival Intercontinental

Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.
Pedestrians walk past an American Eagle Outfitters store in New York

Favorable U.S. Retail Figures Expected Thursday

U.S. retailers are expected to report higher monthly sales in August, even though consumer confidence sagged and Hurricane Irene disrupted shopping along the East Coast during a key back-to-school weekend.
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China liquor maker jacks up prices by 30 pct

Chinese liquor maker Wuliangye will raise prices for its alcohol by 20-30 percent from Sept 10, the firm said, the latest company to lift retail prices amid stubborn inflation pressures.
U.S. Oil Prices

Oil Prices Plunge in August: A ‘Tax Cut’ for the American People

Finally some good news for the American people on the U.S. economy front: Oil is on track to record in August its biggest monthly price decline since May -- something that will put more money in the pockets of consumers and also boost U.S. GDP growth, if the price reduction holds.
Teens Get Smarter as They Age, Especially the Older Ones

U.S. Teen Unemployment at Unprecedented Levels

Unemployment in the U.S. has been stubbornly high and presents the largest single obstacle to the re-election hopes of Barack Obama. But joblessness among Americans who cannot yet vote – teenagers – are at levels that are both staggering and unprecedented. One labor economist tells IBTimes, “We have never experienced this amount of joblessness among teens.”
HP TouchPad

More TouchPads on the Way, Says HP

Hewlett-Packard said it will give the TouchPad one last shot. But before you get all excited, HP said it is only temporarily resuming manufacturing the TouchPad to meet unfulfilled demand.
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CCB shares up after BofA cuts stake; Temasek buy

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.
Aussie Retail Sector Gets Boost from Global Players

S.Africa growth slows, boosts case for rate cut

South Africa's economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government's job-creation hopes.
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Are Hookah Bars Illegal?

Asking whether hookah bars are illegal may seem like a silly question given the massive proliferation of such establishments in the last decade.
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U.S. Stock Futures Point Lower

Stock index futures pointed to a weaker open for equities on Wall Street Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.

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