Great Portland set for £100m profit at former Royal Mail siteFinancial TimesGreat Portland Estates is set to make a £100m profit by developing a former Royal Mail site in central London, in a move that raises further questions about valuations put on the privatised postal service's assets. Westminster Council on Wednesday gave …Great Portland's Royal Mail…
UK Postal Union Votes to Strike at Royal MailABC NewsPostal workers in Britain have voted overwhelmingly in favor of going on strike over issues linked to the privatizing of Royal Mail. The Communication Workers Union said Wednesday that 78 percent of its members who voted in a strike ballot backed a 24 … More: continued…
Royal Mail Staff Vote in Favor of Strike Action Over IPOBloombergRoyal Mail Group Ltd. workers voted for strike action less than a week after the U.K. postal service's 1.7 billion pound ($2.72 billion) initial public offering, which unions say will put jobs at risk. Some 78 percent of respondents backed a walkout … More: continued…
Ebay is battening down the hatches for a tough winterQuartzThe numbers: OK. The online auction and payments giant increased revenue by 14% to $3.9 billion. Earnings came in at $0.64 per share, just ahead of Wall Street expectations of $0.63. Yet shares have sunk by nearly 4% in after-market trading, after the … More: continued here
Biz Break: eBay, Sandisk continue to growSan Jose Mercury NewsSan Jose e-commerce giant eBay announced profits of $689 million, or 53 cents a share, on revenues of $3.9 billion, which reflect year-over-year increases of 16 percent and 14 percent, respectively. CEO John Donahue championed the company's mobile … More: continued here
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BBC News Workers at newly privatized Royal Mail to strike November 4ReutersThe management of Royal Mail, which listed on the London stock market in a high profile float last week, had expected a vote in favor of strike action and criticized the prospect of a disruption to services in the run-up to Christmas, its busiest…
The bright spot during the third quarter was mobile, reaffirming once again CEO John Donahoe's big bet on the medium. Still, eBay shares dropped. Originally posted at News – Internet & Media More: continued here
KSDK Anxiety as stimulus hike in food stamps endingKSDKCONCORD, N.H. (AP) – A temporary increase in food stamps expires Oct. 31, meaning for millions of Americans, the benefits that help put food on the table won't stretch as far as they have for the past four years. Food stamps — actually the …Food stamp recipients…
At issue was the United States Postal Service assessment that as long as the historic downtown building is protected by certain covenants — including protection of the mural in the lobby and restrictions on altering the building's historic features — that no adverse effects would result from the sale. More: continued here