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Royal Mail shares lifted by parcels progress

Britain's Royal Mail (RMG.L) announced an improved performance at its key parcels business over a busy Christmas period, helped by price promotions, the Black Friday retail rush and its own longer business hours in an increasingly competitive market. The company's shares have dropped by about 28 percent from their post-privatisation …

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EBay cuts 2,400 jobs ahead of PayPal spin off

Though eBay saw a fourth-quarter net income increase of 10 percent, the e-commerce company announced plans to cut 2,400 jobs across its marketplaces. EBay plans to spin off its payments business PayPal later this year. More: continued here

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EBay's breakup plans may open door for e-commerce M&A

By Deepa Seetharaman SAN FRANCISCO (Reuters) – EBay Inc's plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup. The company plans to spin off its payments division, PayPal, from its core marketplace division in the second half of the …

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As profit rises, eBay plans layoffs – Columbus Dispatch

Columbus Dispatch As profit rises, eBay plans layoffsColumbus DispatchOnline retailer eBay Inc. said yesterday that it plans to cut about 2,400 positions, or 7 percent of its workforce, in the current quarter to simplify its organizational structure. The company also said it will explore options for its eBay enterprise …Stocks …

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