RailwayAge Magazine Post Office Nears First Default in Its HistoryWall Street JournalBy JENNIFER LEVITZ. While lawmakers continue to fight over how to fix the ailing U.S. Postal Service, the agency's money problems are only growing worse. The Postal Service repeated on Wednesday that without congressional action, it will default—a …FedEx …

Ahead of the Bell: EBay seen posting stronger 2QBusinessweekNEW YORK (AP) — EBay Inc. is expected to post higher earnings and revenue when it reports its second-quarter results on Wednesday after the market closes, helped by its fast-growing PayPal segment and its e-commerce business. There has been … More: continued …

Steny Hoyer: Food Stamps, Welfare Programs Stimulate the EconomyThe New AmericanAs a contentious “farm” bill rages in Congress, House Minority Whip Steny Hoyer (D-Md.) argued Tuesday that unemployment insurance and food stamps (which are included in the legislation) are the two “most stimulative” measures to boost economic growth …Steny Hoyer: …

KINGSTON, OK–After today mail will no longer be forwarded to Kingston residents using their former address. In July residents were given a new 911 addresses to help better direct emergency services. More: continued here

As the Ionia Post Office celebrates 100 years, it is also welcoming Beth Woodard as its new postmaster. More: continued here

eBay's (NASDAQ:EBAY) net income increased and topped Wall Street expectations in the second quarter. More: continued here

EBay more than doubles 2Q earnings, revenue upTerra.comEBay Inc. more than doubled its second-quarter net income thanks to higher revenue from its PayPal online payments business and its e-commerce websites. The solid results, which came against the backdrop of the ongoing European economic turmoil, … More: continued here

Wall Street Journal (blog) EBay, IBM shares trade higher after hoursMarketWatchLOS ANGELES (MarketWatch) — EBay Inc. shares leapt Wednesday evening as the online auction company posted quarterly results that were above Wall Street's view, and IBM Inc. shares gained after the tech-sector heavyweight raised its expectations for …A Need to …

NEWS.com.au EBay avoids Europe woes as Marketplaces business growsReutersEBay shares have slipped in recent weeks on concern a weak European economy might dent buying and selling on the company's online marketplace – and lucrative cross-border transactions in particular. However, eBay said its Marketplaces business …EBay Revenue Beats Estimates After Increase …

EBay shares leap Wednesday evening as the online auction company posts quarterly results that are above Wall Street’s view, and IBM shares rise after the tech-sector heavyweight increases its expectations for yearly earnings. More: continued here