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Telegraph.co.uk Royal Mail shareholder boss is 'locust'The IndependentThe holding will be seen as a blow to the Business Secretary, Vince Cable, who had insisted that Royal Mail would be sold to long-term “blue chip” investors. Independent Comment. Please enable JavaScript to view the comments powered by Disqus.Hedge fund becomes leading …

Activist hedge fund TCI takes big stake in Royal MailReuters UKLONDON (Reuters) – A hedge fund with a reputation for aggressive campaigning to boost company performance has become the biggest shareholder in newly-privatised Royal Mail (RMG.L) after the British government. The Children's Investment Fund (TCI) … More: continued here

Pa. welfare secretary to reconsider asset test for food stampsPhilly.comA Corbett administration official said she is "rethinking" the food-stamp asset test, a controversial measure that ties the federal benefits people receive to their bank accounts and car ownership. Department of Public Welfare Secretary Beverly …and more » More: continued here

Post Office managers are to take their first industrial action in 34 years in a dispute over pay. More: continued here

New domestic threat: Food-stamp riotsWND.comWASHINGTON, D.C. – With 20 percent of all American households on food stamps, amounting to 23.1 million households and 47.6 million individuals in July, an across-the-board cut in food-stamp benefits is scheduled to go into effect in November, even …and more » More: continued here

AFTER four years of coping with an inadequate service, villagers in Tynedale could be in line for a brand new mobile post office van. More: continued here

Shanghai (AFP) – Sweden's injury-hit Henrik Stenson will step up his bid to clinch a unique European Tour and FedEx Cup double at this week's BMW Masters in Shanghai as Rory McIlroy aims to end his season on a high. More: continued here

Ebay buys same-day courier serviceFinancial TimesEbay is acquiring a same-day courier service based in London and overhauling its own website as it seeks to compete against Amazon and Walmart and give itself a social media edge. The Californian ecommerce group is buying Shutl, a four-year-old … More: continued here

UK's Osborne defends Royal Mail sale priceChicago TribuneLONDON (Reuters) – British finance minister George Osborne hit back on Tuesday at criticism that the government sold a chunk of postal service operator Royal Mail too cheaply. Osborne, speaking at a Thomson Reuters Newsmaker event, said initial public … More: continued here

Royal Mail privatisation: Secret hedge fund owns £290million of sharesMirror.co.ukLabour's Ian Murray said: “David Cameron's Royal Mail fire sale has seen the vast majority of shares going to big money investors in the City while the taxpayer is left shortchanged.” Meanwhile, George Osborne yesterday insisted the Royal Mail sale had … …