1 billion

Jon Corzine will have to explain how the bank lost $1 billion of customer money.

The U.S. Postal Service on Monday announced a $2.1 billion cost savings proposal that would result in the end of next-day service for regular mail and the loss of about 28,000 postal worker jobs.

The U.S. Postal Service reported an annual loss of $5.1 billion on Tuesday, as declining mail volumes and mounting benefit costs take their toll on the agency.

The 2011 NACUBO-Commonfund Study of Endowments found that institutions with more than $1 billion in assets earned more than 20.2 percent on average in fiscal year 2011, and those with assets of less than $25 million reported an average of 19.1 percent....

Volunteering in America 2011 found that for the second consecutive year Americans spent a total of 8.1 billion hours volunteering in 2010, even as the overall number of volunteers fell slightly....

Liberty Media is offering $1 billion for the bookstore chain, and the deal may be only a little bit about books.

Although the Japanese Red Cross has received more than $1 billion in donations since a massive earthquake and tsunami devastated the country last month, it has yet to distribute any funds directly to the survivors....

Retailers may have lost $1 billion of crucial post-Christmas sales because of the blizzard that struck over the holiday weekend, according to a report Wednesday.

Personal spending rose in July, but Americans were saving a smaller portion of their disposable income than the previous month.

Personal spending rose by $44.1 billion, or 0.4%, after falling less than 0.1% the previous month. This came in above the 0.3% increase economists expected.

Through the Fighting Hunger Together initiative, Walmart and the Walmart Foundation will donate more than 1.1 billion pounds of food valued at $1.75 billion and award $250 million in grants to hunger relief organizations across the country....