Thursday, August 9, 2012

Postal Service reports $5.2B loss in 3rd quarter

http://hosted.ap.org/dynamic/stories/U/US_POSTAL_PROBLEMS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-08-09-13-24-17

The nearly bankrupt U.S. Postal Service on Thursday reported a quarterly loss of $5.2 billion and warned it will miss another payment due to the U.S. Treasury, just one week after its first-ever default on a payment for future retiree health benefits. From April to June, losses were $2.1 billion more than during the same period last year.

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