SAN FRANCISCO (MarketWatch) — EBay Inc. said Monday it will buy Magento Inc., the creator of an open source e-commerce platform of the same name. EBay already owns a minority share in the company but will own 100% of the outstanding shares when the deal is closed. Financial terms were …

Ebay in China: neither fish nor fowlGerson Lehrman GroupTen years ago, Ebay came to China and tried to develop its C2C business. The reason was clear and simple: “we've done great in States and other countries, we would have done the same great in China copying our international strategy and …

Post office job queue numbers highSunshine Coast DailyAt first we didn't believe it, that is my colleague, who was writing the story, and a few others in the newsroom. Come on, 300 people was an awful lot of people vying for a job. Sadly, the information was true and the …

Reuters India Buffett Lunch Bid Benefits Innovative San Francisco CharityNewsyStocks.comEvery year, investing legend Buffett holds an Ebay auction where one person can win lunch with him and bring along seven friends. Last year's auction raised $2.6 million for San Francisco's Glide Foundation. This year's bidding is off to a fast …

WASHINGTON – The Postal Service is offering a new service that will require an adult to sign for materials received. More: continued here

Suffolk Post Office window shot outWAVY-TV(WAVY) – A glass window pane was shot out at the United States Post Office located in the 4800 block of Bennett's Pature Road in Suffolk Sunday, according to city spokeswoman Debbie George. Accroding to George, the window pane may have been shot out by …

Auctionbytes eBay Puts Magento In The Cart For It's X.Commerce PlatformNetwork WorldeBay announced today that they are acquiring the leading open source e-commerce platform, Magento. Magento will serve as a key component of eBays new open commerce platform, X.commerce. Terms of the acquisition where not announced, but eBay already …EBay …

By Mike Pentelow Workers have voted to strike against the closure of the Royal Mail delivery and distribution office in Rathbone Place, which they fear would worsen local deliveries and hit jobs. More: continued here

Daily Mail Man jailed for 12 years in eBay scam that saw him and his wife live luxury …Daily MailA businessman has been jailed for 12 years after he was convicted of stealing $1.5 million from more than 250 customers in an eBay scam. Darin French and his wife sold …

Global postal services issue new stamps under UN effort to mark 30 years of AIDSUN News CentreAt least 20 postal services around the world are issuing stamps and other products as part of a United Nations initiative to highlight 30 years battling the AIDS epidemic, during which 60 million people …