Post office offering early out, cutting managersThe Associated PressIt lost $2.8 billion last year and is headed toward larger losses this year despite a planned rate increase in May. Officials said the post office will eliminate some 1400 management and supervisor posts across the country. It's offering 150000 workers …Post …

FedEx Corp. shares fell Friday as investors reacted to the company’s worse-than-expected fiscal third quarter earnings and analysts predicted the package delivery company’s profit will continue to be hampered by a weak global economy. More: continued here

eBay sent $20 coupon to sellers to spend on its pay-per-click ad network. The eBay AdCommerce program allows eBay sellers to promote their listings through ads that display in the sponsored results section of search results. More: continued here

Early retirement, management cuts, office closings announced by …Baltimore Sun, United StatesBy RANDOLPH E. SCHMID | AP Writer WASHINGTON (AP) — Battered by the economy, the post office is offering early retirement to 150000 workers, cutting management and closing offices, the agency said Friday. The Postal Service lost $2.8 billion last …

Gardai are investigating a robbery at the post office in Howth, north Co Dublin, this morning. More: continued here

The cost to the taxpayer of absorbing the Royal Mail Group’s multi-billion-pound pension deficit is set to rise, Postal Services Minister Pat McFadden has told MPs. More: continued here

Post office offering early out, cutting managersHouston Chronicle, United StatesThe post office did not say if the new proposal would include financial incentives. The American Postal Workers Union issued a statement Friday saying: "Retirement is a personal matter, and the union defers to the decisions of employees who meet the … …

Mailbag: Support food stamps (March 20)Albany Democrat Herald, ORIt’s the subject of food stamps again. To Tanya Carey, I can’t believe you didn’t receive food stamps because you didn’t work that much. That is just insane. What I really don’t get is that once again, you and many like you, can’t …

Driver, 81, crashes into Plainfield Post OfficeIndianapolis Star, United StatesBy Bruce C. Smith PLAINFIELD — Postmaster Brian Hise saw debris and dust flying past his desk and feared a bomb was exploding in the lobby of the Plainfield Post Office today. Instead, it was 81-year old Laverne Hail of Plainfield, driving …

FedEx Corp. announced it would cut 1,000 jobs worldwide as a result of cost-cutting measures to deal with the tough economy. (FDX) More: continued here