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 …
Read More »Post office proposes hikes in postage rates – Santa Fe New Mexican.com
Post office proposes hikes in postage ratesSanta Fe New Mexican.comUnder the Postal Service's plan, which has been submitted to the Postal Regulatory Commission, prices across all classes of mail would increase by an average of 1.966 percent on April 26. The cost of a single-piece first-class stamp would remain 49 …
Read More »Royal Mail revenues up one percent, sees parcel improvement
Royal Mail (RMG.L) said group revenue for the nine months to Dec. 28 rose 1 percent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares in Royal Mail, privatised amid much controversy in October 2013, have fallen 28 percent in …
Read More »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
Read More »What to Expect When eBay Reports Fourth-Quarter Earnings Today – TheStreet.com
What to Expect When eBay Reports Fourth-Quarter Earnings TodayTheStreet.com"We rate EBAY INC (EBAY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's … More: continued …
Read More »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 …
Read More »eBay to Cut 2400 Jobs and Explore Sale or IPO of Enterprise Unit – Re/code
Re/code eBay to Cut 2400 Jobs and Explore Sale or IPO of Enterprise UnitRe/codeEBay said today that it would cut about seven percent of its workforce globally in the first quarter as it looks to reduce costs ahead of its planned spinoff of PayPal. The company also said it would …
Read More »‘This buggy screwed up my life’: Dad’s hilarious eBay ad – NEWS.com.au
NEWS.com.au 'This buggy screwed up my life': Dad's hilarious eBay adNEWS.com.auBut he insists he's one of the few sellers on eBay telling the truth, accusing those who advertise their models as “immaculate” after being used by children as “liars and scoundrels”. He has put some work into the stroller, admitting …
Read More »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 …
Read More »Skinny Gunman Robs RB Post Office, Flees in Honda CRV – Times of San Diego
Skinny Gunman Robs RB Post Office, Flees in Honda CRVTimes of San DiegoThe robbery at the U.S. Postal Service storefront in the 16700 block of Bernardo Center Drive was reported shortly before 4:30 p.m., according to San Diego police. A witness reported that the bandit, described as a thin man …
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