Consumer Business Recap: CBS CHANGES With The Times, FedEx PROFITS From The USPS

Shares of media player CBS Corporation (NYSE:CBS) move up from strong second quarter results, as a pleasing trend from the firm is its evolving revenue diversity. Syndication, digital broadcasting, and retransmission fees are offsetting the disintegration of traditional advertising.

The sword cuts both ways: Private transport and delivery companies have been poised to collect more business if the USPS is forced to default on its operations because it is broke, but at the same time, firms such as United Parcel Service (NYSE:UPS), United Continental Holdings, Inc. (NYSE:UAL), and Northrop Grumman Corporation (NYSE:NOC) each raked in more than $100 million in 2011 from USPS subcontracts, with the $1.495 billion that FedEx Corporation (NYSE:FDX) earned beating them all out.

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