Washington — Postmaster General Patrick Donahoe says cutting back mail delivery to three days a week is not under consideration right now but could happen in 15 or 20 years if mail volume continues to decline. More: continued here
Read More »Post office: Three-days-per-week delivery might be necessary in the future
Thanks to the decline in mail volume caused by the recession and shift to the Internet, the post office had a loss of $8 billion last year and is headed for a similar loss this year. More: continued here
Read More »Evergreen Fights to Save Post Office – WSET
Evergreen Fights to Save Post OfficeWSETEntertainment News from AP Evergreen, VA – A small community in Appomattox County is trying to save its post office. One month ago, Evergreen residents learned their's was on the chopping block. They say if it goes, a part of the town's history will go …
Read More »Rural Nevada town frets possible end to post office counter service – Greenfield Daily Reporter
Rural Nevada town frets possible end to post office counter serviceGreenfield Daily ReporterOrovada escaped the fate recently, according to David Rupert, spokesman for the postal service. The post office is housed on leased property along Mountain City Highway, the only major road that goes through the historic mining and ranching …
Read More »eBay revenue up but takeover weighs down profit
Online auction powerhouse eBay on Wednesday reported that its revenue climbed but profit dipped in the recent quarter due to its purchase of interactive services firm GSI Commerce. More: continued here
Read More »eBay Inc. Reports Strong Second Quarter 2011 Results
Global ecommerce and online payments leader eBay Inc. (Nasdaq:EBAY) today reported that revenue for the second quarter ended June 30, 2011, increased 25% to $2.8 billion, compared to the same period of 2010. The company recorded second quarter net income on a GAAP basis of $283.4 million, or $0.22 per …
Read More »eBay Shares Surge as Earnings Top Forecast
NEW YORK (TheStreet) — eBay’s second-quarter results handily topped estimates, but most of this upside continues to be driven by PayPal. For the three-month period, the e-commerce company earned 48 cents per share on revenue of $2.76 billion. Analysts were calling for a profit of 46 cents per share on …
Read More »EBay quarterly results top analyst estimates – Chicago Tribune
EBay quarterly results top analyst estimatesChicago TribuneSAN FRANCISCO (Reuters) – EBay Inc reported better-than-expected quarterly results on Wednesday as the company's main online Marketplace business showed signs of a turnaround and its PayPal unit continued to grow quickly. EBay said second-quarter net …EBay Inc. Reports Strong Second Quarter 2011 ResultsTheStreet.com …
Read More »Post office explores possible Ohio consolidation – FOX19
Post office explores possible Ohio consolidationFOX19YOUNGSTOWN, Ohio (AP) – The struggling US Postal Service is looking at whether to combine some of its larger mail sorting centers in Ohio. The Vindicator newspaper reports the post office will study a possible transfer of its Youngstown mail processing …and more » More: continued …
Read More »EBay 2Q profit falls on acquisition charges
EBay Inc. says its second-quarter profit fell 31 percent, as growth in its online marketplace and PayPal payment service was overshadowed by charges related to its recent acquisition of GSI Commerce. More: continued here
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