FedEx Corp. Chief Executive Fred Smith took a tough line with e-commerce companies, saying they need to shape up sloppy shipping practices or risk losing customers. FedEx said severe weather shaved $125 million off of its fiscal third-quarter profit, pushing earnings well below even scaled-back analyst estimates. But snow and ice weren’t the only things…
Forbes Should eBay Listen To Carl Icahn?ForbesActive investor and billionaire Carl Icahn has a reputation for shaking up management of the companies where he owns a significant stake. He has been actively writing to eBay's management and board of directors about spinning off PayPal from eBay. As …The real problem at eBay: corporate governanceFortuneIcahn's "retreat"…
Carmel post office could find new homeSouth Charlotte WeeklySouth Charlotte's Carmel Road post office could soon move to N.C. 51 – something that has a few customers of the location concerned but would help the U.S. Postal Service save some cash. The office, at 6300 Carmel Road, could move to 8318 or 8500 … More: continued…
Massachusetts Becomes 8th State To Offset Food Stamp CutsHuffington PostThe cuts target state practices that have allowed residents with as little as $1 per month in federal heating assistance to qualify automatically for higher food stamp benefits. The new farm bill law sets the minimum qualification in heating aid at $20 … More: continued here
Hill collector puts his stamp on 'hobby of kings'Chestnut Hill Local (blog)Harvey Fleegler, a Lafayette Hill resident and former president of the Chestnut Hill-Germantown Stamp Club, has cultivated a love of stamp collecting since his early years. (Photo by Raymond W. Holman, Jr., raymondwholmanjrphoto.wordpress.com). More: continued here
Gizmodo UK Royal Mail Parcels Force Entry Through House WallGizmodo UKA house on Brockhurst Road in Gosport has got itself a lovely new lorry-sized letterbox in one of its walls, after a Royal Mail lorry smashed into the side of it. The driver was fine and two residents were rescued from upstairs by the local…
Royal Mail rises as HSBC puts £7bn valuation on the businessThe GuardianThe Royal Mail Group has come a long way in terms of its modernisation programme. Most of the big step changes have been made but ongoing investment in improving IT and potential investment in new parcels sorting equipment as well as productivity …and more » More:…
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Icahn to eBay: Spin off 20 percent of PayPalVentureBeatIn a statement published today, the activist investor pitched the idea that parent company eBay conduct an IPO of PayPal in which 20 percent of the electronic payments service is sold to the public. In his proposal, eBay would keep the remaining 80 … More: continued here
Yahoo Finance (blog) The real problem at eBay: corporate governanceFortuneThe message from the firm was very clear that eBay's (EBAY) financial performance drives its decisions. Icahn has said that eBay is underperforming its peers and that the most profitable action to take for shareholders would be to sell off PayPal as a …Icahn's "retreat" on…