The National Audit Office (NAO) said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. The government's decision to sell a 60 percent stake in Royal Mail last October for 330 pence …

ITV News Caution over Royal Mail sale 'cost taxpayer'ITV NewsThe Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued …

It is about to get tricky for customers in Horace to mail their packages and get stamps. Their post office retail window will go from being open 8 hours a day to only being open for 6 hours a day. More: continued here

NEW YORK (AP) — FedEx has cost New York state more than $10 million by unlawfully shipping contraband cigarettes to consumers, the state's attorney general said Monday as his office joined a lawsuit More: continued here

The Independent Royal Mail float: how banks broke promises and raked in a £323m fortuneThe IndependentThe full scale of how City banks short-changed taxpayers in the £3.3bn flotation of Royal Mail was laid bare last night as it emerged that big investors who were offered extra shares in a “gentleman's …

eBay Displays Unrealistic Delivery Times to Detriment of SellersEcommerceBytes (blog)It's been a long time since I've bothered to examine an eBay product listing, so I may be recalling incorrectly… but is the estimated time that's shown on the listing based on the seller's actual (average) delivery time? In other words: …

Public 'short changed' over Royal Mail saleITV News… changed' over Royal Mail sale. The National Audit Office has completed its independent assessment of the way in which the sale of Royal Mail was conducted and has come to the clear view that the government sold the company for less that …

Royal Mail shares were sold too cheaply and to the wrong investors, an investigation by the National Audit Office says         More: continued here

Feds May Pull Funding Over Georgia Food Stamp ProblemsWCTVATLANTA (AP) — Federal officials are threatening to cut off up to $76 million in administrative funding if Georgia doesn't make big changes to its food stamp system. The Atlanta Journal-Constitution reports (http://bit.ly/1iReHP3) the funds could be … More: continued here

BBC News Report exposes ministers' chaotic handling of botched £1billion Royal Mail…Mirror.co.ukIn mid-2013, banks had estimated the Government could get up to 867p for Royal Mail shares, and just weeks before the sale it was still suggested they were worth 510p – even by banks connected to the deal. But, …