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Irish Independent Royal Mail warns on competition as profits riseIrish IndependentThe privatisation of Royal Mail was heavily criticised for short-changing the British taxpayer, with government ministers, banks and advisors hauled before lawmakers to explain why shares in the firm rocketed as much as 87pc above the 330 pence price … …

vtdigger.org Food stamps recipients lose as bill failsvtdigger.orgThe federal government, which pays for food stamps, fined the state $500,000 and asked those Vermonters who were victims of the errors to pay back the extra. Some lawmakers, however, felt those low-income residents should not be asked to pay for an … More: …

Scams expected to hit customers hard after eBay data breachPhiladelphia Business JournalBetween February and March, a reported 145 million eBay customers' names, encrypted passwords, email addresses, home addresses and birth dates were compromised, but their financial data remained reportedly safe. Hackers figured out eBay employee … More: continued here

Firstpost eBay believed customer data was safe, despite a warning given two weeks prior …FirstposteBay initially believed that its customers' data was safe as forensic investigators reviewed a network security breach discovered in early May and made public this week, a senior executive told Reuters on Friday. eBay has come …

IBNLive Man selling the word 'the' on eBay; gets offers from 43 biddersIBNLiveMelbourne: An enterprising Australian man is selling the English word 'the' written on a piece of scrap paper on eBay – and the bidding has already reached AUD 10,099. The man already has offers from 43 bidders and …

Earlier this week, eBay revealed that an ongoing investigation of their own had revealed a a “small number” of employee login credentials had been compromised, giving attackers access to their corporate network. Now, it appears that they will face external … More: continued here

Skimmers now targeting post–office vending machinesColumbus DispatchAlmaguer, who's based in Cincinnati, told WBNS-TV (Channel 10) that although none of the illicit devices had been found in Ohio, post–office managers across the state are conducting regular security sweeps, checking automated equipment for tampering. More: continued here

EBay Demonstrates How Not to Respond to a Huge Data BreachWiredIn the wake of eBay's revelation earlier this week that it had lost as many as 145 million customers' data, eBay users and security response professionals say they've been increasingly angered and amazed at the company's ham-fisted public response to …

FTSE 100 weekly: Royal Mail and AstraZeneca among losersProactive Investors UKRoyal Mail has already complained to Ofcom that rival TNT Post's start-up door-to-door delivery service is cherry-picking the most profitable areas and will affect its universal service obligation. Its charter means it has to deliver anywhere across … More: continued …

Royal Mail boosts profits after squeezing more money from parcel deliveriesThis is MoneyRoyal Mail notched up a 7 per cent rise in earnings in its first set of annual results since the Government's controversial float of the postal service. Its £430million profit haul – after 'transformation costs' like IT investment …