TECH STOCKS: Rackspace, EBay Get Noticed In Broad Tech GainsNASDAQIn its letter to shareholders, eBay urged shareholders to vote against a nonbinding proposal by investor Carl Icahn for the company to spin off PayPal in an IPO. EBay is also against Icahn's efforts to get two of his nominees on the company's board of …and…
Royal Mail plans to axe 1,600 jobs under a fresh cost-cutting programme, Britain's main postal operator said on Tuesday six months after its controversial part-privatisation by the government. The company said that most of the jobs to go would be in management, with no delivery staff losing their positions. Royal Mail is shedding about 1.0…
Continuing the battle with activist investor Carl Icahn, eBay on Tuesday told shareholders a PayPal spinoff would not be in the company’s best interest. More: continued here
Today only, you can bid on a Mustang built by the Dallas' famous Gas Monkey …Dallas Morning News (blog)For the first time, Rawlings is listing one of his rebuilds on eBay, for just 24 hours only. The auction ends at 9 p.m. Central tonight. The 24-hour, no-reserve auction is the first of its kind on…
Newly-privatised Royal Mail announces 1300 jobs cutReutersRoyal Mail, sold off last October in Britain's biggest privatisation for decades, has shed almost 50,000 jobs in 11 years as it restructures the group to better compete in a market that has shifted heavily from letters to parcels. The company said it … More: continued here
Britain's Royal Mail says to cut 1600 jobsDigitalJournal.comBritain's main postal operator Royal Mail on Tuesday said it planned to axe 1,600 jobs under a fresh cost-cutting drive six months after the group was partly privatised. Royal Mail said in a statement that most of the jobs to go would be in management … More: continued…
ID thieves targeting post office stamp machineskgw.comBEAVERTON, Ore. – At least three people noticed huge withdrawals from their bank accounts after they used self-service stamp machines at Washington County post offices. “Skimmers” are often used on ATM's and gas pumps to steal credit card information. More: continued here
EBay Urges Shareholders To Reject Icahn Proposal To Spin Off PayPal More: continued here
EBay has set its shareholder meeting for May 13 as its proxy fight with billionaire activist investor Carl Icahn goes on. Icahn has made a case for spinning off 20 percent of PayPal, eBay's fast-growing … More: continued here
The newly privatised Royal Mail has revealed that it will slash 1,600 jobs as part of a £50m cost cutting programme and, unsurprisingly, it has gone down like a lead balloon. More: continued here