BBC News UK postal service profits slump 78% before saleAFPLONDON — Britain's state-run postal service Royal Mail said on Tuesday that its annual profits have slumped more than 78 percent as the embattled company gears up for more job losses and privatisation. Royal Mail said operating profit slid to £39 …

The Royal Mail has signalled fresh job losses after reporting a £120 million loss in its letters and parcels business following a huge slump in the number of people sending post. More: continued here

The Congressional War on Food Safety and Food StampsThe AtlanticThe bill is HR 2112, or the 2012 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act. Passed out of committee on May 31, it funds a vast assortment of programs from SNAP (formerly known as food stamps) …

Reuters Africa Lunch With Warren Buffett: Maybe Priceless, Definitely $2.63 Million (EBAY…tickerspy NewswireThe auction was held on eBay (EBAY), the largest online auction site. While lunch with Buffett will certainly be interesting, it's highly unlikely he'll discuss any of Berkshire Hathaway's specific equity holdings, which at the end of the …

Dedication of new Twain stamp set for HannibalSTLtoday.comMark Twain is being honored with a postage stamp, and his hometown will be the location for a dedication ceremony. The US Postal Service will issue the new stamp on June 25 at the Mark Twain Boyhood Home and Museum in the northeast …

Royal Mail Group announced on Tuesday that annual profits slumped more than 78 percent as the embattled company gears up for more job losses and privatisation. More: continued here

eBay Settles Lawsuit Over $2.4B GSI Commerce Acquisition, Deal Expected To …Washington PostBy TechCrunch.com, eBay announced its $2.4 billion acquisition GSI Commerce in March and today the company is one step closer to its acquisition. The two companies have announced that they are settling claims filed in a Delaware state …

Ecommerce heavyweight eBay is suspending the cash-back programs that it pays out to affiliates as a trial run to determine the extent of revenue the firm was making through those affiliate programs. More: continued here

International Business Times Thousands of UK postal workers likely to lose jobsInternational Business TimesUp to 20000 postal workers in Britain are likely to lose their jobs after the Royal Mail posted a £120-million loss in its letters and parcels business largely as a result of more people abandoning the system …

Postage stamp honoring Mark Twain to be dedicated June 25 in HannibalThe RepublicMark Twain is being honored with a postage stamp, and his hometown will be the location for a dedication ceremony. The US Postal Service will issue the new stamp on June 25 at the Mark Twain Boyhood Home …