A report says the U.S. Postal Service wasted $1.2 million by selling less than a third of its 1 billion "The Simpsons" commemorative stamps. More: continued here

eBay Fashion for iPhone expands to other markets, adds new featuresIntoMobileLast week eBay updated its rather popular eBay Fashion app for iPhone, making it available in Germany and Canada (in addition to the US and UK). Moreover, there are new features included in this release such as Fashion Spotting, which …

Warwickshire Post Office raiders jailed after back-to-back robberiesCoventry TelegraphIan Parkhouse, of Vicarage Street, in Nuneaton, and Anthony Delaney, of The Lindfield, in Stoke Aldermoor, Coventry, targeted post offices in back-to-back robberies, threatening staff and customers. They targeted the post office in High Street, …and more » More: continued here

The money-losing U.S. Postal Service guessed that TV cartoon character Homer Simpson and his family were twice as popular as Elvis Presley when it came to sales of commemorative stamps. More: continued here

A set of four stamps is being issued to mark the start of the Paralympics, featuring sports including wheelchair basketball. More: continued here

Scotsman George Osborne dealt blow by shock rise in UK borrowingBirmingham MailThat means borrowing so far this year, excluding a one-off boost after assets from the Royal Mail's pension fund was transferred to the Treasury, is £44.9bn, £9.3bn higher than a year ago. The Government wants to trim borrowing in …

Lymington finallly gets its official golden Olympic post boxDaily EchoJust days after performing a dramatic U-turn the Royal Mail finally painted one of Lymington 's post boxes gold in honour of Olympic hero Ben Ainslie , who lives in the town. Maintenance worker Steve Coles was cheered and applauded when …

This is South Wales Masked thief left post office staff terrified after raidThis is South WalesA MASKED thief left staff at a village post office terrified when he tried to rob them while brandishing a weapon. Sion Armstrong covered his face with a scarf and concealed a weapon in his …

The Guardian UK public finances plunge into the redThe Guardian"At this rate, borrowing for 2012/13 overall will massively overshoot the Office for Budget Responsibility's forecast of £120bn excluding Royal Mail effects by over £35bn. "And with the recovery falling well short of the OBR's expectations, we think …UK public finances …

Belfast Telegraph UK Unexpectedly Posts Deficit as Corporation Taxes PlungeBusinessweekThe figures exclude a one-time boost in April from the 28 billion-pound transfer of Royal Mail Group Ltd. pension assets to the public sector. Government spending rose 3.5 percent in the period, the statistics office said. Tax receipts were up 1.1 …