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Armstrong says Postal Service reaped financial benefits from sponsorship
Lance Armstrong’s legal team released studies on Friday conducted by the US Postal Service saying the US government sponsorship of his Tour de France team produced a triple return on investment. The documents were made public as the US government joined a lawsuit that claims Armstrong — who admitted to…
U.S. Postal Service launches clothing and accessories line
The US Postal Service is looking to fashion as it struggles financially. The agency, which prides itself on delivering almost 40 percent of the world’s mail, announced it plans to launch a clothing and accessories line and has signed a licensing deal with apparel company Wahconah Group, Inc. “This agreement…
Watchdog: U.S. postal service in desperate need of rescue from Congress
Inspector general David Williams says cash-strapped service, saddled with debt and low revenues, is in ‘very serious trouble’ The chief postal watchdog has warned that the troubled US Postal Service will go out of business this year unless Congress acts to rescue it. David Williams, the inspector general of the…
Anti-doping agency: Armstrong scheme ‘most sophisticated’ ever
The US Anti-Doping Agency said Tuesday it has gathered “overwhelming” evidence that Lance Armstrong and fellow US Postal Service cyclists had engaged in sport’s biggest doping conspiracy ever. In a statement, the agency said it was releasing its “reasoned decision” and more than 1,000 pages of supporting evidence to the…
U.S. Postal Service eyes 35,000 job cuts
WASHINGTON — The US Postal Service unveiled Thursday a drastic downsizing scheme for the embattled public company, including cutting 35,000 jobs, as it seeks to avoid collapse amid a “new reality” in the economy. “Faced with a massive nationwide infrastructure that is no longer financially sustainable,” the USPS said it…
US Postal Service warns it could default
The US Postal Service warned on Friday that it could default on payments it owes the federal government, just days after the US government itself narrowly averted a default. The government’s mail service said it lost $3.1 billion in the period from April to June, blaming “the anemic state of…
US post office mixes up Statue Liberty stamp
NEW YORK (AFP) – The US post office had egg on its face Friday after realizing that a stamp showing the Statue of Liberty in close up was not taken in New York’s harbor, but Las Vegas. The mix-up in the 44 cent stamp meant that envelopes are in fact…
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