In late afternoon trade, Royal Mail shares were down 10p to 505p, on course to close at their lowest level since October 22 – which was the last time it traded under 500p. More: continued here

eBay Inc. today announced that it has reached an agreement with investor Carl Icahn, ending the proxy contest before the company’s upcoming annual meeting of stockholders. More: continued here

New York Times EBay Settles Board Fight With IcahnNew York TimesEBay announced on Thursday that it had reached a settlement with the billionaire Carl C. Icahn, putting an end to an often bitter feud between the two sides. Under the terms of their deal, Mr. Icahn will withdraw his bid …

SAN JOSE, Calif. (AP) — Carl Icahn is backing down from his push to remake eBay, settling an acrimonious dispute just ahead of what promised to be an awkward annual shareholders meeting. More: continued here

Carl Icahn, eBay, Inc. (EBAY) Settle Proxy ContestStreetInsider.com (subscription)eBay Inc. (Nasdaq: EBAY) today announced that it has reached an agreement with investor Carl Icahn, ending the proxy contest before the company's upcoming annual meeting of stockholders. Icahn is withdrawing both his proposal to separate the … More: continued here

A muddled start for US stocks; eBay heads lowerAlbany Times UnionNEW YORK (AP) — U.S. stock indexes are slipping lower in early trading as investors pick over a mixed batch of corporate earnings reports. KEEPING SCORE: The Standard & Poor's 500 index sank four points, or 0.2 percent, to 1,869 …

Editorial: Tattered flag hanging in front of post office shamefulThe Jackson Citizen PatriotJACKSON, MI – Visitors of downtown Jackson in recent weeks likely noticed the embarrassing state of the United States flag hanging in front of the post office. Tattered and hooked to just one of two grommets, the flag …

EBay will add David Dorman to its board, appeasing activist investor Carl Icahn who called for the online marketplace to spin off PayPal. More: continued here

EBay announced it will-at Carl Icahn's urging-appoint business executive David Dorman as an independent director. In exchange, Icahn said he'll back off. More: continued here

A muddled start for US stocks; eBay opens lowerMontana StandardNEW YORK (AP) — U.S. stocks are getting off to a weak start as investors pick over the latest corporate earnings reports. Bed Bath & Beyond plunged 6 percent after the company reported that weaker sales drove down its earnings in …