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EBay shares were off more than 6 percent in after-hours trading on results the showed second-quarter net income declined amid higher expenses, and on its outlook for the current period fell short of Wall Street expectations… More: continued here

EBay 2Q profit slides; Europe remains weak spotYahoo! NewsNEW YORK (AP) — A challenging overseas market is weighing on eBay's outlook for the second half of the year, sending shares lower in after-hours trading Wednesday even though the e-commerce bellwether's second-quarter results were roughly in line … More: continued here

Ballooning food-stamp rolls highlight ideological divideThe Seattle TimesThe number of Washington residents receiving food stamps has doubled in past five years, largely because of the recession. Whether you're reassured by the public aid or troubled by the spending is the crux of an ideological battle in Congress over the … …

Europe and Asia continue to hamper EbayFinancial TimesEbay again blamed poor economic conditions in Europe and Korea as it issued lower-than-expected earnings guidance for the third quarter, shaking earlier assertions that it would overcome those challenges in the second half of the year. The online … More: continued here

eBay Meets Street's Q2 Expectations, but Forecast Falls ShortAll Things Digitalebay_logo_new eBay booked another solid quarter, as the marketplace and payments company reported adjusted earnings per share of 63 cents in the second quarter, right in line with analyst estimates. Revenue in the quarter totaled $3.9 billion — also … …

Judge rejects plea deal for ex-Post Office workerNortheast Mississippi Daily JournalOXFORD – An Ecru man faces a full-scale federal trial on charges he stole $20 from the U.S. mail. Monday, Senior U.S. District Judge Neal B. Biggers rejected a plea agreement for 50-year-old Steven Joslyn, a former U.S. Postal Service …

The number of Washington residents receiving food stamps has doubled in past five years, largely because of the recession. Whether you’re reassured by the public aid or troubled by the spending is the crux of an ideological battle in Congress over the farm bill. More: continued here

Postmaster General Patrick R. Donahoe told a House committee today the Postal Service continues to face systemic financial challenges because it has a business model that does not allow it to adapt to changes in the marketplace and it does … More: continued here

Higher Expenses at eBay Push Net Income DownNew York Times (blog)EBay reported Wednesday that its revenue rose 14 percent in the second quarter as its PayPal business and namesake online marketplace continued to grow. But the e-commerce company's net income fell 8 percent as a result of higher expenses and …

GameZone League of Legends teams partner with eBay for charity tournamentPolygonTwo League of Legends teams have partnered with eBay to run a tournament that will raise money for a charity of the winner's choosing, the eBay Charity Invitational. According to the event page, members of League of Legends teams Evil …