eBay announced it has agreed to acquire open source e-commerce platform Magento, which the company has had a minority stake in since 2010. eBay will own the entire thing once the transaction closes (the terms of which have not been … More: continued here

Auctionbytes EBay Buys Magento to Boost Its E-commerce Developer ToolsPCWorldBy Juan Carlos Perez, IDG News In a move that could help eBay improve its tools for online store developers, it has acquired Magento, the maker of an open source e-commerce platform. The online auctioneer last year acquired a minority stake …

To someone standing outside the FedEx Ground distribution hub in Hagerstown, Md., the package delivery business appears deceptively simple. More: continued here

Ebay has purchased Mageto, a “software as service” company that helps small retailers run their online shops. eBay won’t disclose terms, but says the deal won’t be material, and that it had already purchased a minority stake in the company last year, as part of a $22.5 million funding round. …

CTV.ca Montreal to be hit by rotating postal strike after Winnipeg and Hamilton680 NewsThe head of the Canadian Union of Postal Workers is pleading for the public to pressure the post office to back down on forcing concessions. A Canadian Union of Postal Workers member pickets in front of a …

Sydney Morning Herald EBay acquires Magento, builds a commerce OSGigaOm6, 2011, 8:50am PT No Comments EBay said it is buying up the rest of ecommerce platform Magento, which it previously had a 49 percent stake in, in a bid to build a broader commerce operating system that spans online, mobile, …

Glasgow Evening Times Rural Kansas town fears closure of post officeBeaumont Enterprise(AP) — Residents in a tiny western Kansas community are concerned that if the US Postal Service closes its post office there it would lead to the town's demise. The post office in Alexander, a community of about 65 …

Why eBay DSRs should be retired as worthlessTameBayeBay introduced Detailed Seller Ratings in an attempt to differentiate between good sellers and bad sellers. eBay knew that Positive, Neutral and Negative feedback didn't identify poorly performing sellers so initially eBay focussed on … More: continued here

SMARTREND WATCHING FOR POTENTIAL REBOUND IN SHARES OF EBAY AFTER 3.13% LOSS (EBAY)Zacks.comJun 06, 2011 (SmarTrend(R) News Watch via COMTEX) — eBay (NASDAQ:EBAY) traded in a range yesterday that spanned from a low of $30.28 to a high of $31.07. Yesterday, the shares fell 3.13%, which took the trading range …

Merchants who host stores on eBay’s ProStores platform will no longer be able to add FedEx as a shipping option as of June 1, 2011, after ProStores disabled the FedEx shipping option. eBay spokesperson Johnna Hoff said, “We have been unable to reach an agreement on the use of the …