"This is just one step in a plan to resolve our finances," Postmaster General Patrick Donahoe said in an interview on CNBC.
Shares of the nutritional-supplement company are down 20% since the hedge-fund managers duked it out on CNBC on Jan 25.
Almost three weeks since the FAA grounded the 787 Dreamliner, several U.S. cities are facing a frustrating wait for the plane to get back in the air. Due to the grounding, the financial impact of the delayed service could be substantial.
Facebook-owned Instagram has launched a new product that enables users to view their newsfeed via the web, possibly opening up a way for the company to generate revenue.
U.S. tech writers have given Microsoft new Surface tablet-laptop hybrid largely negative reviews.
Long-term unemployed in the U.S are having an easier time finding jobs — and the problem of long-term joblessness may disappear in the months ahead.
Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said.
Banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday.
The U.S. Postal Service said it plans to stop delivering mail on Saturdays, but continue delivering packages six days a week.
Applications for U.S. home mortgages rose last week even as interest rates climbed, while refinancing demand accounted for a slightly smaller proportion of total activity, an industry group said on Wednesday.
With the help of the private equity firm Silver Lake and Microsoft, Michael S. Dell, the founder and chief executive, is buying back his computer company. And that is cause for concern.
The battle for the soul of the Republican party is getting nastier following the launch of a new effort by some wealthy donors to strike back at ideologically driven activists– including conservative billionaires – who have steered the party to the far right. The FT reports.
Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of $2 billion to $2.5 billion, the Wall Street Journal reported on Tuesday.
As the housing market imploded, the gallows humor at S&P intensified. The New York Times reports.
The $24.4 billion proposal to privatize U.S. technology giant Dell is part of founder Michael Dell's efforts to transform the company into a 'mini IBM', said analysts.
John Malone's Liberty Global struck a deal to buy British cable group Virgin Media for about $23 billion, a move that would put the U.S. billionaire up against old rival Rupert Murdoch.
All Nippon AIrways on Wednesday canceled all remaining Boeing 787 flights until the end of February.
Disney's earnings topped forecasts. And big news for "Star Wars" fans: CEO Bob Iger said there will be some spinoff films based on characters. Films there will be!
President Obama turned to corporate leaders as he tried to rally support for comprehensive immigration reform.
Online-game maker Zynga posted an unexpected profit for the fourth quarter and beat big on revenue as it moves to tighten up its ship.