Investors refuse to be suckered back into the stock market

Stock-Markets / Financial Markets 2010
Oct 02, 2010 - 03:06 AM

By: Anthony_Cherniawski

U.S. Postal Service Had $6 Billion Loss in 2010

(Bloomberg) The U.S. Postal Service, whose request for a rate increase was turned down this week, had a $6 billion loss in the fiscal year that ended yesterday, Postmaster General John Potter said.

The agency, which sought permission from its regulator to raise rates an average of 5.6 percent, had forecast a loss of $7 billion in the 2010 fiscal year. The loss is before a $2 billion non-cash adjustment for workers’ compensation liability, which is increasing because of lower interest rates, Potter told reporters today in Washington.

ISM U.S. Manufacturing Index Decreased to 54.4 in September

(Bloomberg) Manufacturing expanded in September at the slowest pace in 10 months, underscoring the Federal Reserve’s forecast of “modestâ€