Post Office Proposes Less Letters on Saturdays
Binghamton, NY (WBNG Binghamton) Less volume and an exploding deficit prompt Post Office to rethink Saturday deliveries for First Class letters. More: continued here
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Royal Bank of Scotland to pay $612 million to resolve Libor case
Traders at the venerable Royal Bank of Scotland were so blatant about rigging benchmark interest rates for nearly five years that they bragged about it in e-mails and Internet chat rooms. In one instance, a senior trader at RBS told another, “it’s just amazing how [rate] fixing can make you that much money; it’s a…
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A love letter to the the Post office – Washington Post
A love letter to the the Post officeWashington PostThe decision by the U.S. Postal Service to end Saturday letter delivery may be another sign of the Post office's decline, but the man who may be the USPS's number one fan tells us why he's visited nearly 5,000 branches. The Fold/ The Washington Post …and more »…
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More than 10 per cent of FedEx US officers, executives accept buyout plan
NEW YORK, N.Y. – FedEx Corp., the world's second biggest package delivery company, said Wednesday that it will lose more than 10 per cent of its U.S.-based executives under a voluntary buyout plan. More: continued here
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Post Office Seeks to End Letter Delivery on Saturdays – New York Times
New York Times Post Office Seeks to End Letter Delivery on SaturdaysNew York TimesThe post office said a five-day mail delivery schedule would begin in August and would shave about $2 billion a year from its losses, which were $15.9 billion last year. The Postal Service would continue to deliver packages six days a week,…
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Post Office Cuts Saturday Mail – ABC News (blog)
Post Office Cuts Saturday MailABC News (blog)The delivery of letters and other mail has declined with the increasing use of email and the internet. Last September the service reported a record $15.9 billion loss for its fiscal year. For the first time last year the post office was forced to … More: continued here
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Calif. lawmaker: No buying sugary drinks with food stamps – Washington Times
Washington Times Calif. lawmaker: No buying sugary drinks with food stampsWashington TimesCalifornia lawmakers may put an end to food stamp recipients buying sugary drinks and soda with CalFresh, the state's benefits program. State Sen. Michael J. Rubio, a Democrat, introduced legislation that proposes to modify the list of allowable food …and more » More: continued here
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FedEx officers, directors accept buyout
FEDEX Co, the world's second biggest package delivery company, will lose more than 10 per cent of its US-based executives under a voluntary buyout plan. More: continued here
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Post Office to cancel Saturday deliveries in cost-saving effort
If it didn’t arrive in the mail on Friday, come August it may not arrive on Saturday either. In hopes of saving about two billion dollars a year, the U.S. Postal Service is making dramatic changes cutting out Saturday First Class Mail Delivery. More: continued here
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Postmaster General Donahoe: eBay, Amazon the Future of Growth
Donahoe on Saturday service More: continued here