Morning business headlines
Tuesday, July 23, 2013 10:33 AM
Postal Service looks to end at-your-door mail
CNNMoney reports that the U.S. Postal Service is marching towards a more "centralized delivery," where residents pick up their own mail from clusters of mailboxes located in their neighborhood. Local postmasters are sending hundreds of letters to fast-growing communities, warning that cluster boxes will be the way mail will be delivered to new developments. Read more.
U.S. stock-index futures rise as earnings top estimates
Bloomberg reports that the U.S. stock-index futures climbed, which indicates the Standard & Poor's 500 index will extend an all-time high, as earnings from companies, including DuPont Co. and Texas Instruments Inc., topped analysts' estimates. Read more.
Netflix shares slip as subscriber numbers lag investor dreams
Reuters reports that Netflix Inc. showed lower-than-expected quarterly subscriber growth, undermining investor hopes for a dream run from its own programs, such as "Arrested Development" and "House of Cards." The shortfall against expected subscriber growth saw the stock fall as much as 11 percent in after-hours trading.Read more.