U.S. equity markets opened mixed this morning following a depressing report on U.S. GDP growth, which turned out to be negative (more coverage here). Even a good jobs report from ADP couldn’t…
courtesy of USPSThe U.S Postal Service, plagued by losses that may force it to curtail service, and could make it miss some payments to retirement health plans, may want to increase the…
ThinkstockFor the past almost 13 years, the stock market has been mired in a secular bear market. Sure there has been some strong rallies, especially when the market turned in March of…
ThinkstockThe European Commission took the position regarding a United Parcel Service Inc. (NYSE: UPS) buyout of TNT Express that the rules are the rules, at least in so far as their officials see…
Chicago Fed President Charles Evans says he expects gross domestic product to rise 2.5% this year. (Reuters) The U.S. government’s sale of shares in General Motors Co. (NYSE: GM) may help the…
Wikimedia CommonsFree shipping has become one of the greatest concerns related to the profit margins at e-commerce operations like Amazon.com Inc. (NASDAQ: AMZN). Each item shipped free makes money for United Parcel…
ThinkstockThe mess that the U.S. Postal Service has become may be beyond solution, if the only rescue rests on borrowing from the Treasury and sharp cutbacks in staff and retiree health care contributions. The…
thinkstockGlobal bank layoffs reach 160,000. (Reuters) Christine Lagarde of the International Monetary Fund says it is essential that the European Union make a deal to rescue Greece. (Reuters) The U.S. Postal Service…
The U.S. Postal Service is supposed to be its own business outside of taxpayers. It even calls itself a self-supporting government enterprise. If it was a true business and not under the government, it…
Mark Hirschey / Wikimedia CommonsBerkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings. Many changes had been made in the June quarter…
ThinkstockThe U.S. Postal Service is calling for big gains in holiday shipments this year. You know of course that online shopping is a part of the driving force behind this prediction. This…
Courtesy of The Washington Post CompanyThousands of Greeks protest austerity measures. (Reuters) A U.S. judge rejects a patent lawsuit between Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL). (Reuters) General Motors…
Package delivery giant United Parcel Service Inc. (NYSE: UPS) said yesterday that it plans to hire 55,000 seasonal workers to sort, load, and help deliver packages during the coming holiday season. The…
The three major U.S. stock indexes opened lower this morning and remained in negative territory all day. The decline is down to weak earnings from many U.S. firms reporting results today. In…
United Parcel Service Inc. (NYSE: UPS) reported third-quarter 2012 results before markets opened this morning. For the quarter, the package delivery company posted adjusted diluted earnings per share (EPS) of $1.06 on…
Paul Ausick 
