August 5 Biz Minute

The post office lost $2.4 billion dollars for the third quarter, Insurance broker Marsh & McLennan recorded a $193 million dollar loss, Procter & Gamble's fourth-quarter profit fell 18 percent but Energy utility PG&E reported a 32 percent profit....
Meanwhile Planned layoffs at U.S. firms increased in July for the first time in six months, signaling a continued drag on consumer spending and the broader economy.
The board overseeing the new General Motors Co. ordered management to bring some new vehicles to market faster, a sign that the new board will play a far larger role than the old one did.
Goldman Sachs Group reported today that government officials have been querying them about its compensation practices and credit derivative instruments. and in the battle of electronic books - Sony is releasing the 'Reader Pocket Edition" that will retail for about $100 less than Amazon.com's Kindle digital reader...

Category:

News & Politics

Tags:

• Post oFfice
• Marsh & McLennan
• Procter & Gamble
• PG&E
• Energy
• Layoffs
• General Motors
• GM
• Goldman Sachs
• compensation
• credit derivatives
• electronic books
• Sony
• Reader Pocket Edition
• Amazon.com
• Kindle
• digital reader