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US Post Office In Blacksburg, Virginia

U.S. Postal Service Nearing Default; Agency Pleading to Congress for Help

If Congress doesn't deal with problems facing the United States Postal Service when legislators return Sept. 6 from recess America's mail institution will likely default on a $5.5 billion payment due at the end of this month and likely have to shut down this winter, the postmaster general said.

Space Rocket Financed By Amazon's Bezos Crashes in Test

Jeff Bezos’ ‘Highly Secretive’ Blue Origin Test Vehicle Crashes
Jeff Bezos showed a striking mechanical aptitude and insatiable curiosity as a child. Bezos dismantled his crib with a screwdriver, and he developed intense and multiple scientific interests, converting his parents' garage into a laboratory. Even as an adult, the founder and CEO of Amazon is dreaming of launching space tourism by funding the development of a spacecraft.

Iceland Says It Was Bullied Over Bank Debt

Iceland's President Olafur Ragnar Grimsson watches "Song of Freedom" concert in Tallinn
Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions.
A dedicated iPad station is seen in front of an iPhone at the Apple store in New York

Amazon's New Tablet to Take on iPad, Price Could Be $300 or Lower

Amazon will launch a new tablet as early as October and the product could be priced at $300 or lower in the attempt to come out strong in competing with Apple's iPad.Apple's iPad is the global tablet leader, though the fire sale $99 TouchPad made a brief appearance on the sales radar, but the biggest threat to the industry leader is on its way. Amazon has a new tablet -- its first -- expected to start shipping in October, according to a report in Taiwan's DigiTimes.
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Apple iPad

Ready or Not Apple iPad: Amazon's New Tablet is On the Way

Apple's iPad is the global tablet leader, though the fire sale $99 TouchPad made a brief appearance on the sales radar, but the biggest threat to the industry leader is on its way. Amazon has a new tablet -- its first -- expected to start shipping in October, according to a report in Taiwan's DigiTimes.
Apple iPhone 4

Lost Apple iPhone 5 Story Grows; Apple's Marketing Brilliance Continues

The story about Apple's lost iPhone 5 prototype just keeps growing, with San Francisco police involvement while the company has no comment. Employees are just laughing all the way to the corporate bank, ready to pile more onto the company's $76 billion cash hoard once the iPhone 5 is released to unprecedented global smartphone demand.
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New Congress Deficit Panel Sets First Meeting

A newly-formed congressional panel on deficit reduction next week will kick off months of arduous negotiations that will be closely watched by financial markets hoping for a deal that puts the United States on an improved fiscal path.
People wait in line to enter a job fair at the Phoenix Workforce Connection in Phoenix

Job Growth Grinds to a Halt in August

Employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
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Instant View: Job Growth Grinds to a Halt in August

U.S. employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
Netflix File Photo

Netflix Loses Starz: 5 Things to Know

The bad news just keeps on coming for Netflix after contract negotiations with Starz broke down -- taking away a huge library of movies from subscribers.
Ned Kelly

Ned Kelly: Remains Identified But Skull Still at Large

Kelly's skull was last thought to have sat on the desk of a Victorian state police detective in 1929. The successful identification of Kelly's remains happened 131 years after he was hanged for murder. Scientists used DNA from Kelly's great great nephew, a Melbourne teacher, Leigh Olver, to identify his bones from others in a mass prison grave.
2011 Ford Fiesta

Ford Motor Company's August Sales Up 11 Percent; Lincoln Brand Up 25 Percent

Ford Motor Company's momentum continued in August, as sales increased 11 percent last month. Ford's resurgent Lincoln brand saw August sales increase 25 percent. Ford's August sales totaled 175,220. Ford brand sales were up 16 percent, paced by utilities (up 49 percent), as Ford's Escape sales were (up 39 percent) and sales of the company's new Explorer were up 300 percen
Gold and silver bars are pictured at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna August 26, 2011.

Golden Star restarts mining at gold mine in Ghana

Golden Star Resources said it has resumed mining at its Pampe gold deposit in Ghana, a move that will help increase overall production and slash cash operating costs at the Bogoso/Prestea mine in the region.
Apple iPhone 4

iPhone 5 Prototype Left in a Tequila Bar: Apple's Marketing Brilliance

There's a story you may have heard today. It's about Apple's iPhone 5, and how a prototype of the product supposedly got left in a bar. The story goes that an Apple employee left his prototype for the iPhone 5 in a tequila bar in San Francisco, since a similar situation happened with the iPhone 4 last year.

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