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U.S. Postal Service: A Requiem

U.S. Postal Service faces doomsday.
After posting an $8.5 billion loss last fiscal year, the postal service is on a pace to go $10 billion in the hole in fiscal 2012.
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Recovering economy grows in July

Recovering economy grows in July

The economy grew in July, the second straight month of expansion, setting the stage for a positive third quarter after the second-quarter's worrying contraction.
A man holds a BlackBerry PlayBook during the RIM annual general meeting of shareholders in Waterloo

BlackBerry Maker RIM in Decline

On Thursday, shares for Research in Motion Ltd. continued dropping as the BlackBerry PlayBook remains in production. With two senior staff resigning, RIM is fighting rumors that their commitment to the tablet market is coming to an end.
Gold and silver bullion

Gold Holds Gains but Heads for Worst Month Since Oct. '08

Gold jumped more than 1 percent on Friday after Germany's approval for expanding the euro zone bailout fund offered temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.
U.S. rapper T-Pain performs during the MTV Africa Music Awards in Lagos

T-Pain Puts His Own Effect into New 'T-Pain Mic'

Rapper T-Pain is known for using the Auto-Tune pitch corrector, which disguises off-key singing and allows for perfectly tuned vocals, and for all those who want to sound like him, he has a microphone for you.
Neiman Marcus is hiding and giving away 15 Nancy Gonzalez handbags at 15 of its 41 locations this Saturday. The hunt is from noon to 4 p.m.

Foursquare, Neiman Marcus Hatch Handbag Hunt

High-end retailer Neiman Marcus is teaming up with Foursquare for a special scavenger hunt on Saturday, Oct. 1. The company will hide 15 Nancy Gonzalez clutches at 15 of its 41 stores, and the first people who find them can keep them.
Kindle Fire

Amazon to Sell Kindle Fire Tablet in Best Buy, Staples

Amazon said the Kindle Fire tablet will cost $199, well below the industry-leading Apple iPad, which starts at $499. Now the world's largest online retailer says it'll use brick-and-mortar stores including Best Buy and Staples to help sell its new Kindle Fire tablet, expected to be released Nov. 15.

Supermarket FDI Plan Moving 'Very Fast'

India is moving quickly on a plan to open its $450 billion retail sector to global players such as Wal-Mart, the country's industry secretary said on Wednesday, in a sign the government may be pressing ahead with a key reform.
The Reserve Bank of India (RBI) Logo

High Energy Prices Limit India Monetary Policy - RBI Deputy Gov

Global energy prices that have remained steadily high restrict the elbow room for monetary policy response, deputy governor of the Reserve Bank of India said, highlighting the uphill task the bank faces in its fight against stubbornly high inflation.

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