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Royal Mail Group Ltd., the 360- year-old U.K. postal service, will be valued at as much as 3.3 billion pounds ($5.3 billion) when it sells shares to the public next month, the British government said today. More: continued here

Daily Beast Business Ignores Food Stamp CutsDaily BeastRepublicans have made it clear that they want massive cuts to the federal budget, and food stamp assistance is on the chopping block. Last week, the House of Representatives passed a measure that would slash nearly $40 billion in spending on the …Five Reasons …

London (AFP) – Royal Mail is expected to be valued at up to £3.3 billion when it launches on the stock market in October under the group's controversial part-privatisation, the government announced Friday. More: continued here

The controversial floatation will take place next month, with the shares expected to make a market debut on October 11 – while a union strike ballot is still underway. More: continued here

Facebook, eBay, Yahoo pace tech gainsMarketWatchSAN FRANCISCO (MarketWatch) — Tech stocks scored broad gains Thursday, with Facebook Inc. reaching an all-time high close and eBay Inc. and Yahoo Inc. chipping to lead the sector's rally. Facebook (NASDAQ:FB) rose almost 2%, to close at $50.39 a … More: continued here

eBay hits “Buy It Now” button for mobile payments provider BraintreeArs TechnicaToday, eBay announced that it has acquired the payment service startup Braintree for $800 million in cash. The company will be integrated into eBay's PayPal unit. Along with the service, eBay gets Braintree's existing customers, which include ride … …

BBC News Britain kicks off Royal Mail sale with $5.3 billion price tagReutersLONDON (Reuters) – Britain's Royal Mail postal service should a command a value of as much as 3.3 billion pounds ($5.3 billion) when it makes its London stock market debut next month, the government said on Friday as …

Supermarkets and food manufacturers depend on food stamps for a significant chunk of their sales each year. Yet as Republicans push for huge, punitive cuts in funding for the program, the big corporations that benefit are keeping silent. More: continued here

BBC News "This is a huge day for Royal Mail", Mr Fallon told BBC Breakfast.BBC NewsThis page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be …

By Kylie MacLellan LONDON (Reuters) – The Royal Mail postal service should a command a value of as much as 3.3 billion pounds when it makes its London stock market debut next month, the government said on Friday as it began taking orders for the selloff. The sale would be …