Telegraph.co.uk Royal Mail's shares were correctly priced, ministers claimTelegraph.co.ukRoyal Mail's shares were correctly priced at 330p each when it was privatised last year – despite their value doubling on the stock market weeks later, ministers have said. MPs on the Business committee tore into Business Secretary Vince Cable and his … More: continued here
The Business Secretary insists that Royal Mail was not sold on the cheap but admits that the Government may consider "different methods" other than an IPO for future privatisations. More: continued here
eBay Inc. (NASDAQ: EBAY) reported first quarter 2014 results after the markets closed Tuesday. The e-commerce giant posted adjusted diluted earnings per share (EPS) of $0.70 on revenues of $4.3 billion. … More: continued here
Wall Street Journal EBay's results top Wall Street targets but outlook disappointsReuters… and cash equivalents at the end of March. Some investors were expecting an even larger first-quarter beat after activist investor Carl Icahn ended his campaign to force eBay to spin out PayPal earlier this month, Wedbush Securities analyst Gil …EBay Reports Big Loss…
NEW YORK (TheStreet) — eBay fell in after-hours trading on Tuesday despite first-quarter earnings that beat analysts' expectations. The company reported earnings per share of 70 cents and a 14% year-over-year increase in revenue to $4.26 billion, which beat the estimates of 67 cents a share on revenue of $4.228 billion from analysts polled by Thomson Reuters….
Six people were injured Tuesday in a shooting at a FedEx facility in Kennesaw, Georgia, officials said. More: continued here
EBay Inc. may have fended off an attack from activist shareholder Carl Icahn, yet jump-starting sales growth may be a tougher fight. More: continued here
Authorities have identified the gunman in Tuesday's shooting at a Georgia FedEx facility as a 19-year-old baggage handler. More: continued here
MarketWatch eBay Q1 Beats Street, but Guidance UnderwhelmsRe/codeEBay's first-quarter earnings came in slightly ahead of analyst expectations, but the stock was down nearly four percent in after-hours trading on disappointing guidance. The company recorded earnings per share, excluding some items, of 70 cents in the …Twitter, eBay shares fall after hoursMarketWatcheBay Inc (EBAY) Q1 2014…
eBay's Tax Bill for Bringing Cash Back to the US: $3 BillionWall Street Journal (blog)EBay took the unusual step of bringing some of its foreign-held cash back to the U.S., and with it a hefty $3 billion tax bill. The company said repatriating the cash gives it “greater U.S. financial flexibility,” without providing details. Paying…