U.S. Postal Service Says Loss Widened to $3.5 Billion

U.S. Postal Service Says Loss Widened to $3.5 Billion - BusinessWeek: "The U.S. Postal Service, which has predicted it may lose $7 billion this year, posted a loss of $3.5 billion in its fiscal third quarter alone.

The net loss in the quarter ended June 30 widened from a year-earlier $2.4 billion, the agency said today in Washington. An $800 million adjustment to workers compensation liabilities accounted for most of the difference, according to the agency."