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The U.S. Postal Service announced on Thursday new plans to consolidate or close 223 mail processing plants, putting 35,000 jobs at stake starting in late May or June, CNNMoney reported.
The move would save $2.1 …
A senior U.S. regulator was “optimistic” today about finding a framework for the world’s top economy to use global bookkeeping rules for investors to compare cross-border companies, Reuters reported.
“We are hopeful we can put …
The Indian government will begin releasing a consumer price index (CPI) Tuesday to accompany data on wholesale prices, the Deccan Herald newspaper reported. India’s CPI will track price movements in food, beverages and tobacco, fuel, …
Japan posted a record trade deficit in January as the yen’s strength and weaker global demand eroded manufacturers’ profits and slowed the nation’s recovery from last year’s earthquake and tsunami, Bloomberg reported.
The trade gap …
Chris Proskey is a Long Island native who was drawn to Iowa State University’s College of Engineering. Not content to rest on that educational achievement, he later earned an M.B.A. at the University of Minnesota’s …
The Obama administration’s budget predicts the U.S. economy will grow 2.7 percent this year, a forecast that’s more optimistic than those of private economists and Federal Reserve policy makers, Bloomberg reported.
The White House raised …
Republicans in Congress today proposed extending a tax cut for 160 million workers through the rest of the year without offsetting the cost with spending cuts elsewhere in the budget, Reuters reported. Party leaders in …
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