New York -
For only the second time since it went public in 1999, Goldman Sachs has posted a loss in the third quarter. The financial Wall Street giant reported losses of $393 million amid sharp drops in the unstable markets.
The US Postal Service (USPS), faced with a looming $9.2 billion deficit, is so short of funds it cannot make a $5.5 billion payment due this month, and unless Congress implements emergency action, could face a complete shutdown by winter.
Ford Motor Co. reported a first-quarter loss of $1.4-billion (U.S.) Friday, however, it burned through less of its cash, emphasizing that it doesn't expect to seek any of the government assistance available.
U.S. President Barack Obama may have lost up to $248,000 in the financial market since the beginning of 2008. The losses were limited, however, as the Obamas were pursuing a conservative investing style.
The seventh novel, Harry Potter and the Deathly Hallows will be released in bookstores and online stores on 21 July, 2007. It will sell plenty, but retailers discount it so much their profit margins will only be a minimum.