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A slight moderation in the new orders index was offset by strong increases in labor market measures personalized cufflinks for groomsmen uk sale. Separately, a survey from the Philadelphia Fed showed a slowing in factory activity in the mid-Atlantic region this month, with its current general activity index tumbling to a reading of 12.9 from 22.2 in October amid a sharp slowdown in new orders. Firms, however, remained upbeat about business conditions over the next six months. There was also a strong improvement in capital expenditure plans..
(This November 14 story corrects headline and fourth paragraph to show loss did not triple.) personalized cufflinks for groomsmen uk sale. WASHINGTON (Reuters) – The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, giving U.S. President Donald Trump potential ammunition against Amazon.com Inc (AMZN.O), which he claims pays too little for the agency’s services. Trump, without presenting evidence, has attacked Amazon repeatedly over the past year, accusing the world’s largest online retailer of taking advantage of USPS by not paying enough for deliveries to make the service profitable..
USPS, an independent agency within the federal government, reported operating revenue of $70.6 billion for fiscal year 2018, which ended on Sept. 30, as sales at its shipping and packages business rose 10 percent. However, its net loss widened to $3.9 billion from a loss of $2.7 billion in 2017, hurt by rising pay and benefits and higher transport costs, such as gas prices personalized cufflinks for groomsmen uk sale. Package delivery, especially for major customer Amazon, has become a key part of USPS’s business, but has not been enough to offset the sharp decline in first-class letters caused by the internet and email..
The president does not have the power to determine postal rates. They are set by the Postal Regulatory Commission, an independent government agency with commissioners from both political parties who are selected by the president. That panel raised prices on packages by almost 2 percent in November personalized cufflinks for groomsmen uk sale. Amazon is run by founder Jeff Bezos, who also owns the Washington Post, a newspaper Trump has repeatedly railed against. It has shown interest in delivering its own packages, and has tested drones for doing so..
ZURICH (Reuters) – Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse (CSGN.S) and UBS (UBSG.S), to investigate a suspected boycott of mobile payment solutions such as Apple Pay (AAPL.O) and Samsung Pay (005930.KS). The competition authority said it was investigating whether the banks, including state-owned PostFinance, colluded with local payments providers not to use the mobile payment systems of the big tech companies. “There is the suspicion that the companies agreed not to make their credit cards available for use with Apple Pay and Samsung Pay, in order to favor the Swiss solution TWINT,” Competition Commission WEKO said in a statement on Thursday personalized cufflinks for groomsmen uk sale.