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U.S. Postal Service loses $5.2 billion, warns of low cash

U.S. Postal Service

The U.S. Postal Service's net loss widened to $5.2 billion during the April through June period, and the cash-strapped agency warned on Thursday that without help from the U.S. Congress it will face low cash and be unable to borrow money this fall.

 

Design changes cause Boeing loss

Aircraft maker Boeing blames a net loss of $1.6bn (£974m) on rising production costs and poor market conditions.

 

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