Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don't seem to mind.
The U.S. Postal Service announced on Thursday it's moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two years, with consolidations starting in July.
JPMorgan head Jamie Dimon will appear before a Senate committee to testify about the bank's recent $2 billion trading loss, which has spurred renewed debate about financial reform since being revealed last week.
Spain got yet another slap in the face Thursday, when Moody's Investors Service downgraded four regions of the country due to their poor fiscal performance.
Japan's gross domestic product grew at nearly double the U.S. rate for the first quarter, an unexpectedly strong sign of recovery in the wake of last year's devastating earthquake and tsunami.
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