The U.S. Postal Service is on track for a record $7 billion deficit this year. That’s more than double last year’s loss.

U.S. stocks suffered their first weekly loss since May last week, further exacerbating trader concern that the bullish surge that sent share prices up as much as 40% from their March lows may have been overdone.

Consumer Prices Increase Less Than Expected; Ten Banks Repay TARP Debt; Bankrupt Eddie Bauer Attempts Sale; Berkshire Hathaway Options Begin Trading; FedEx Losses Mount; Saab Cuts Debt; Gas Prices Keep Going, Going, Up; Boeing Gets First Air Show Order; China Will Invest Sovereign Wealth in Hedge Funds; Analyst: S&P 500 Will Hit New Highs By 2012; Bond Yields Drop; Mortgage Apps Plunge

After a pro-labor Congress took over Washington and the fall of Detroit, the nation’s largest employers are doing all they can to keep unions at bay. FedEx (NYSE:FDX) has unveiled a campaign like no other.

V-Shaped Bottom or Second Valley? The truth can earn you 79%.  Watching economists attempt to find consensus can be like watching a burlap sack full of cats – lots of sound and apparent action, but precious little benefit.

When firms stop advertising, it is a sure sign of distress says Adam Lass. He says General Motors (NYSE:GM) and FedEx (NYSE:FDX) will be conspicuous by their absence at this year’s Super Bowl. As they struggle to survive the crisis, Adam says both companies a ripe for shorting right now.

If it’s good enough for Wal-Mart… Looks like the discounting model pioneered by Wal-Mart Stores Inc. (WMT), the Bentonville, Ark.-based retailing giant, will make its way to some rather unlikely high-end retailers: Barney’s New York Inc. and Neiman Marcus Inc. have announced significant price reductions (up to 75%) over the next few days to avoid a disastrous holiday shopping season.

FedEx Announces Profit, Cost Cuts; Report: Wal-Mart to Sell iPhones; GM Denies Chrysler Merger Talks; Discovery Applying for Bank Status; Initial Jobless Claims Down; Goldman Sells Sanyo Stake to Panasonic; IMF Sees 2009 U.S. Rebound; Carnival Cruises to 4Q Profit

After U.S. Federal Reserve policymakers meet today (Monday) and tomorrow (Tuesday), most experts expect a half a percentage point cut in the benchmark Federal Funds Rate – which is already 1.0%.

Report: Russia, China Biggest Bribers; Coffee Prices Continue Falling; October Existing Home Sales Slump; China Wants More Help From BHP; Yahoo Closing in on New CEO; FedEx Lowers Guidance 26%; Lehman Selling French Unit for $1; NFL to Cut 150 Jobs