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It's official, stamp prices will increase

Business briefs for Nov. 17
By HOPE YEN Modified: November 16, 2012 at 8:49 pm •  Published: November 17, 2012


Stamp prices

to increase

— The cost of mailing a first-class letter will go up by a penny in January.

The Postal Regulatory Commission on Friday approved the proposed rate increase, which raises the price of a first-class domestic stamp to 46 cents.

The price of a postcard will increase from 32 cents to 33 cents, while a new global “forever” stamp will allow customers to mail letters anywhere in the world for $1.10. The prices go into effect Jan. 27.

Travel beds

are recalled

— A children's safety equipment manufacturer has agreed to recall about 220,000 infant travel beds after reports of one infant's death and nine others distressed while inside the portable sleep tents.

The Consumer Product Safety Commission announced the recall Friday in cooperation with KidCo Inc. of Libertyville, Ill., after determining that an infant could roll between the bed's air mattress and the tent's fabric sides, raising the danger of suffocation. KidCo is offering kits to address the danger.

Associated Press

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