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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 16, 2013
Page
20
President Obama will push to extend emergency unemployment insurance through year end 2014, saying help is warranted due to stubbornly high joblessness. Spokesman Jay Carney said benefits keep incomes for the unemployed and their families, with over 2 million at risk if Congress does not reauthorize.
Forbes Media owner has hired Deutsche Bank to explore a sale with CEO Mike Perlis stating they will test the waters and expect interest from multiple suitors. A source says the company could fetch about 400 to 500 million dollars.
The U S Postal Service reported a 2013 fiscal year loss reduced to 5 billion dollars from nearly 16 billion the prior year as package volumes rose by 210 million and revenues edged up to 66 billion. Cost cuts and hours reductions boosted results but first class mail continued to decline amid ongoing retiree health prefunding pressures and stalled legislation.
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