Ed Goldman: Strapped for cash, the U.S. Post Office takes on part-time jobSacramento Business Journal (blog)The news comes less than two months after I wrote that the post office was already working as a subcontractor, delivering an average of 2.2 million packages a day for Fed-Ex (about 30 percent of …

eBay (EBAY) shares are higher after the company announced it will split with PayPal sometime next year. After the split the two will trade as entirely separate companies, bringing to fruition a plan very much like the one laid out by shareholder activist Carl Icahn 9 months ago. More: continued …

Wall Street Journal EBay Reverses Course, Decides to Spin Off PayPalWall Street Journal"For more than a decade, eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value," eBay Chief Executive John Donahoe said. "However, a thorough strategic review with our board shows that keeping …Ebay …

New York (AFP) – US online auction giant eBay announced plans Tuesday to spin off PayPal, a move designed to help the unit compete better in the fast-moving online payments segment. More: continued here

Re/code (blog) What the eBay Split Means for PayPalRe/code (blog)One big concern before eBay's decision to spin off PayPal was that eBay wouldn't be able to find a top replacement for former PayPal President David Marcus, without a guarantee of eventual independence for the company. The company today announced … More: …

Yorkshire Post Red letter day as Royal Mail admits Humberside doesn't existYorkshire PostHe said: “I spent years battling Royal Mail behind the scenes, coming to grips with why they couldn't simply remove the outdated county names from the data they sell to their customers. My conclusion was that they could …

EBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company. EBay Chief Executive John Donahoe had resisted demands by activist investor Carl Icahn to hive off the service, saying PayPal was …

The move, which Carl C. Icahn had called for, will cleave eBay almost in half, separating it from PayPal, which it acquired 12 years ago and now generates almost half eBay’s revenue. More: continued here

Washington, Sept 30 (ANI): Special-edition stamps featuring Batman will be released at New York Comic Con in November to celebrate the 75th anniversary of the character. More: continued here

PayPal is splitting from eBay and will become a separate and publicly traded company next year. Almost a year after billionaire Carl Icahn opened a proxy fight pushing for the spinoff of PayPal, eBay President … More: continued here