Detroit — Authorities say a rural postal carrier in suburban Detroit stole and sold stamps worth nearly $20,000 because he was behind on his mortgage. More: continued here

SNP Postal Affairs spokesperson, Mike Weir MP, has welcomed a poll showing almost seventy per cent opposition to controversial proposals to part-privatise Royal Mail and the threat it poses to jobs in the service. More: continued here

The government has rejected calls from MPs for a precise figure on the costs of modernisation of the Royal Mail. More: continued here

Bidding to cut costs, eBay will close a customer service center in …InternetRetailer.com, ILMoving to make good on last month's promise to trim costs, eBay Inc. has announced plans to close a Vancouver, Canada, customer service center that employs 700 workers. The facility will close by Sept. 30. The online auction …

Shares of FedEx Corp. fell Monday as the broader markets lost ground and an analyst said the company’s aggressive cost cuts might not be enough to offset the steep decline in volumes and the expected rise in fuel prices. More: continued here

The price of a first-class stamp for mailing a letter – or paying a bill – climbed to 44 cents, though folks who planned ahead and stocked up on Forever stamps will still be paying the lower rate. More: continued here

BBC News Royal Mail and HMG's creative accountingBBC News, UKRoyal Mail is a plc with a single shareholder, viz HMG. And our somewhat battered postal service has a massive pension fund that's burdened with a huge and troubling shortfall between assets and liabilities. Because Royal Mail can't afford to fill the …

Authorities say a rural postal carrier in suburban Detroit stole and sold stamps worth nearly $20,000 because he was behind on his mortgage. Postal agents confronted John Auito on April 30 outside his home in Macomb. He told agents that he typically sold the stamps at a 15 percent discount. …

The post office wants two more pennies for your thoughts. The price of a first-class stamp for mailing a letter — or paying a bill — climbed to 44 cents Monday, though folks who planned ahead and stocked up on Forever stamps will still be paying the lower rate. More: …

Post Office Faces Hard TimesWBAY, WILike everyone else in this economy, the post office is seeing financial trouble and is already $2.3 billion in the red this year — a combination of the recession and people using their computers more often. "I pay as many bills online as I can, … …