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Palo Alto to bid for post officeSan Jose Mercury NewsPalo Alto will be among the bidders when the historic downtown post office hits the market later this year. The city council voted 7-0 Monday night in favor of submitting and negotiating an offer on the building at 380 Hamilton Ave. …

Palo Alto will be among the bidders when the historic downtown post office hits the market later this year. More: continued here

Royal Mail profits rocket in time for stock market flotationThis is SomersetRoyal Mail is to unveil a big jump in annual profits this week as it paves the way for a £3 billion stock market flotation later this year. The state-owned business should report a surplus of between £300 million …

The Independent 'No alternative' to privatising Royal Mail, says Vince CableThe IndependentHis comments came as Royal Mail announced a big jump in profits to £440 million for the year to 31 March, compared with £152 million a year earlier, helped by parcels growth of the face of a continuing decline …

Leading e-commerce marketplace eBay India has appointed Latif Nathani as its new Managing Director. Nathani has taken over from Muralikrishnan B., who has quit the company after an eight-year stint to start his own venture. More: continued here

Sub-postmasters seek delay to Royal Mail sell-offFinancial TimesGeorge Thomson, general secretary of the National Federation of SubPostmasters, told its annual conference in Torquay on Monday there were serious concerns over the network's future and that more work was needed to protect it before Royal Mail was … More: continued here

Royal Mail's annual profits more than double, helped by strong growth in parcel deliveries as more people shop online. More: continued here

The Business Secretary Vince Cable says "the big competitive threat to the Royal Mail is email". More: continued here

EBay to launch click-and-collect service with retailersPCR-online.bizOnline marketplace eBay is set to launch a service enabling shoppers to pick up products from retailers' stores. Customers who buy products from particular retailers on eBay will be able to collect them from the retailer's physical stores, as if they …and more » More: …

Royal Mail has reported a 61pc surge in annual pre-tax profits to £324m in a full year results that will boost the company ahead of its planned £3bn flotation.         More: continued here