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Royal Mail has announced a rise in annual profits after revenues growth from parcel deliveries more than offset a further decline in letter volumes. In its first set of results since its controversial £3.3 billion stock market flotation in October, the company said operating profits after transformation costs were £430 …

eBay argued against stronger privacy breach penaltiesZDNetAs eBay hastily informs its customers of its massive privacy breach, the company told the Australian Law Reform Commission that stopping reputation damage was enough of an incentive to protect customer data, and that statutory action against privacy … More: continued here

Connecticut attorney general probing eBay data breachReuters(Reuters) – Connecticut Attorney General George Jepsen said on Thursday he is investigating the massive data breach at eBay Inc. "My office will be looking into the circumstances surrounding this breach as well as the steps eBay is taking to prevent …and more » More: …

The use of food stamps in Windham County increased during the recession, assisting families in stretching their food dollars, contributing to local spending and helping spark a national debate about the future of the federal nutrition program. More: continued here

Telegraph.co.uk Royal Mail warns of 'intense' competition as profits riseTelegraph.co.ukIn a blow for Royal Mail, an Ofcom spokesman said: "We do not believe that there is presently a threat to the financial sustainability of the universal postal service …. We would expect Royal Mail to take appropriate steps to respond …

EBay Inc's description of how hackers got access to its entire database of 145 million user records leaves many questions unanswered as to how cyber criminals orchestrated what appears to be the second-biggest data breach in U.S. history. More: continued here

New Village Post Office opens in Miss.Sacramento BeeThe Postal Service introduced the village post office model in 2011 as an alternate retail location for postal products and services, especially in rural communities. Local businesses contract with the Postal Service to offer stamps, flat-rate …and more » More: continued here

Royal Mail shares fell by more than 7% after the recently privatised communications firm warned in its full-year financial results of intensifying competition. Higher profit was driven by rising revenues in Royal Mail's key parcels businesses in the UK and continental Europe. But Moya Greene, chief executive of Royal Mail, …

Royal Mail warns of 'increasing challenges' from competitorsFinancial TimesThe increase in earnings for the year to March 30 was in line with market expectations, but Royal Mail warned that a move to direct delivery of letters by rival TNT Post could undermine the economics of the universal service without action …

Daily Beast Every eBay Account Holder HackedDaily BeastThe online auction site eBay has admitted that the name, address, date of birth, telephone number, email address and encrypted password of every eBay account holder worldwide – 233 million people – have been obtained by hackers, in one of the world's …The eBay …