WASHINGTON — Battered by the economy, the post office is offering early retirement to 150,000 More: continued here

Package delivery company FedEx Corp reported a sharply lower quarterly profit due to the global economic downturn and said it was taking fresh actions to cut costs. More: continued here

Geithner's plan…Red ink red alarm…Post office cutbacks …KXMC, NDThe post office is offering early retirement to 150000 workers, reducing management staff nationwide by 15 percent, and closing offices. The Postal Service lost $2.8 billion last year and is facing even larger losses this year. … More: continued here

Woman crashes car into post office lobbyIndianapolis Star, United StatesPlainfield » The Plainfield Post Office was damaged Friday when a woman drove her car through its wall. Laverne Hail, 81, Plainfield, was pulling up to the post office on Carr Road about 9 am, authorities said. She told Plainfield police she …

FOOD STAMPS-RAID Hagerstown man sentenced in $319K food stamp plotWMDT, MDA federal judge has sentenced a Hagerstown man to 18 months in prison for trading cash for food stamps and defrauding the government of more than $300000. Federal prosecutors say the judge also ordered Mohammad Khan to pay $319000 in restitution. …

Romantic letters said to have been written by the Prince of Wales to a former lover, disclosing his fears of marrying the wrong woman, have been sold on eBay. More: continued here

Business briefs: Post Office closes offices, cuts jobsHeraldNet, WAInsurance Commissioner Mike Kreidler's office drafted new rules at the direction of the 2008 Legislature. The rules cover advertising, industry associations, business lunches and promotional items like pens and mugs. If something is not specifically … More: continued here

Read about the punishment a Maryland man got for trading food stamps for cash. More: continued here

The post office is offering early retirement, will cut managers, and will close offices. More: continued here

Royal Mail staff vent fury on Corby MPNorthamptonshire Evening Telegraph, UKBy Kate Cronin More than 100 postal workers marched through Corby to protest against the privatisation of Royal Mail. The workers were angry that MP Phil Hope has failed to sign a House of Commons early day motion objecting to Lord …