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CenturyLink boosts cloud offerings with Tier 3 buy

(Reuters) - Telecommunications company CenturyLink Inc said on Tuesday it has bought cloud computing startup Tier 3 Inc as part of its acquisition strategy that allows it to compete with the likes of Amazon Inc, IBM Corp and Verizon Communications Inc's Terremark. The company did not disclose financial details, but a source close to the matter said the price was around $200 million.

CenturyLink's largest union rejects contract covering 11,000 workers

DENVER - Members of the largest union representing CenturyLink workers rejected a tentative contract deal reached in July, but officials said no strike is imminent. The Communications Workers of America District 7, which represents Qwest employees who are now employed by CenturyLink, voted 54 per cent to 46 per cent on Sunday to turn down the deal. The union covers 11,000 workers in 13 states, including about 2,000 in Colorado. CenturyLink acquired Denver-based Qwest in 2011.

US Postal Service to launch fashion line

The US Postal Service is looking to fashion as it struggles financially. The agency, which prides itself on delivering almost 40 percent of the world's mail, announced it plans to launch a clothing and accessories line and has signed a licensing deal with apparel company Wahconah Group, Inc. "This agreement will put the Postal Service on the cutting edge of functional fashion," corporate licensing manager Steven Mills said in a statement Tuesday.

CORRECTED: US Post to end Saturday letter service

The US Postal Service announced Wednesday that it would halt letter delivery services on Saturday in an attempt to reduce costs that left it $15.9 billion in the red in 2012. USPS chief Patrick Donahoe, the US postmaster general, said the national mail agency was taking the step after waiting in vain for Congress to put through reforms that would help it shore up its finances on a long-term basis.

US Post to end Saturday letter service

The US Postal Service announced Wednesday that it would halt letter delivery services on Saturday in an attempt to reduce costs that left it $15.9 billion in the red in 2012. USPS chief Tom Donahoe, the US postmaster general, said the national mail agency was taking the step after waiting in vain for Congress to put through reforms that would help it shore up its finances on a long-term basis. "The Postal Service has a responsibility to take the steps necessary to return to long-term financial stability and ensure the continued affordability of the US mail," said Donahoe.
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