US Postal Service set to increase prices

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US Postal Service set to increase prices

If you ship off items to friends or loved ones get ready to pay more to do it. Beginning January 26, the United States Postal Service will increase prices. The two main categories impacted are priority and express mail. For example a padded flat-rate envelope …
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Siemens buys Indian electrification company in $296 million deal

By John Revill. ZURICH, Jan 24 (Reuters) – Siemens SIEGn.DE is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said on Friday. The privately held New Delhi-based company …
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Oil set for weekly slump as Asia virus adds to concerns

Oil headed for a 5% loss this week amid fears that China’s coronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies. Futures held above $55 a barrel in New York, buoyed by an unexpected drop in U.S. …
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Volkswagen CEO Confident He Can Catch Tesla in E-Car Race

Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24. Volkswagen AG Chief Executive Officer Herbert Diess
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Intel stock soars to dot-com era levels even as warnings signs flash for 2020 and beyond

Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. The shares surged 5% on Friday after the chipmaker beat Wall Street estimates and gave a rosy forecast for the first quarter. But even with its stock price at the …
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