Two sources familiar with the transaction said Germany's Siemens has received tentative offers for the postal automation and baggage-handling division being sold in its effort to streamline operations... more 
Two sources familiar with the transaction said Germany's Siemens has received tentative offers for the postal automation and baggage-handling division being sold in its effort to streamline operations and shed non-core assets. The postal operation, which counts the U.S. Postal Service and Deutsche Post among its customers, has benefited from the growing number of consumers shifting to internet shopping. Stocks broke through record highs in early trading after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. June sales heated up for stores. Costco Corp., Fred's Inc. and Stein Mart Inc. were among the retailers that reported their strongest sales gains since January, as shoppers, enticed by warm weather and an improving economy, took advantage of summer discounts. The data offers positive signs for the back-to-school season, which is the second-biggest shopping period behind the winter holidays. less 
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Thu, Jul 11, 2013 12:23 PM EDT