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Latest financial news - CNNMoney.com

Postal Service's next deadline: Aug. 1 (Fri, 18 May 2012)
The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law.
>> Read more

GM won't advertise in the 2013 Super Bowl (Fri, 18 May 2012)
General Motors will not advertise during this year's Super Bowl game, the automaker said Friday.
>> Read more

New York penthouse sells for a record $90 million (Fri, 18 May 2012)
An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer.
>> Read more

Anti-social: Zynga tumbles after Facebook IPO (Fri, 18 May 2012)
Social media stocks just aren't feeling the love, despite Facebook's highly-anticipated stock market debut.
>> Read more

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