Business Nov 2, 2015

Japan Post's IPO a decade in the making

The opening of sales Wednesday of shares in Japan Post, whose origins date back to 1871, has been a decade in the making. The initial public offering will make it the biggest IPO in the world this year — the biggest, in fact, since Alibaba ...

Business / Tech Oct 8, 2015

Singapore Post tests drone mail service

Singapore Post said it has used a drone to deliver mail to an island community, joining postal services in other countries such as Finland that are testing unmanned aerial vehicles to deliver packages. The test flight took five minutes and carried a letter and a ...

FedEx indicted on new criminal charges in online pharmacy case

Business Aug 16, 2014

FedEx indicted on new criminal charges in online pharmacy case

FedEx Corp. faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement. The latest indictment, filed in court on Friday, said FedEx accepted payment from several pharmacies ...

USPS revenue up but losses linger as overhaul bill appears to stall

World Nov 18, 2013

USPS revenue up but losses linger as overhaul bill appears to stall

The U.S. Postal Service recorded its first revenue increase in five years, but the agency still lost $5 billion in fiscal 2013, making it the seventh consecutive year of red ink, according to figures released Friday. The continued losses dampened the good news about increases ...