The U.S. Postal Service today said it lost $1.3 billion in the quarter ended Dec. 31 despite cutting costs 9.8 percent, as Postmaster General Patrick Donahoe called on Congress to authorize changes in its business model to halt unsustainable losses.
Lawmakers who wouldn’t help the U.S. Postal Service as its annual losses reached almost $16 billion may be spurred to act after Postmaster General Patrick Donahoe said he would end Saturday mail delivery without Congress’s approval if necessary.
The window shades were lowered to block out the sunlight soaking lower Manhattan on a Friday afternoon in June as 14 students in Eric H. Kessler’s executive MBA class gathered in a conference room to present their analyses of Goldman Sachs Group Inc.’s leadership.
Groupon Inc. backers Battery Ventures and Andreessen Horowitz have divested their stakes in the daily-deal website, joining a group of early investors who have sold the stock and added pressure to slumping shares.
Morgan Stanley Smith Barney fired George Friedlander , a municipal bond strategist for more than three decades, as it integrates two formerly separate firms, according to a person familiar with the matter.