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Online auction site eBay has announced it will be acquiring mobile payments provider Zong in a $240 million all-cash deal, in a move to bolster the company’s footprint in the mobile commerce world. The company already controls the leading online payment service PayPal; eBay hopes combining Zong’s mobile payment operations …

McLean residents upset over potential postal closing14WFIE.comDeclining retail businesses at the Beech Grove Post Office in McLean County caught the attention of postal officials. They're now considering closing its doors, but residents say closing it would cause more than inconvenience. …and more » More: continued here

, July 7, 2011 (ENS) – FedEx Express is expanding its fleet of all-electric and less polluting, energy efficient vehicles. FedEx Express will place 24 new all-electric vehicles into service by the end of August, expanding to three new cities and more than doubling its fleet to 43 EVs. More: …

eBay beefed up its payments business by agreeing to buy Zong, a company that specializes in allowing customers to pay for services through their wireless phone bill, for about $240 million in cash. More: continued here

FedEx Corp. says quarterly earnings rose 33 percent as higher surcharges helped offset the rising cost of fuel. More: continued here

eBay (EBAY) today announced plans to significantly expand the reach of its PayPal unit, by agreeing to acquire a company that lets users make payments by simply entering their mobile phone number. The $240 million cash deal is for Zong, a Silicon Valley company that raised $27.5 million in venture …

eBay (EBAY) Crosses Pivot Point Resistance at $33.23Investor’s Business DailyJul 07, 2011 (SmarTrend(R) News Watch via COMTEX) — SmarTrend has detected shares of eBay (EBAY) have bullishly opened above the pivot of $32.79 today and have reached the first resistance level of $33.23. We are watching for a cross of …

Iranian human rights victims on Dutch stampsRadio NetherlandsA series of special postage stamps portraying victims of human rights abuses in Iran has been launched in the Netherlands. In the latest addition to the series, five thousand copies of the stamp showing Iranian Baha'i leader Mahvash Sabet have just …and more » …

eBay Stacking Up The AcquisitionsForbes (blog)If eBay (NASDAQ: EBAY) should know how to do anything, its bid on and get something that they want. For years, sellers have used the service to get the best possible price for something they own, while buyers have used it to pay the lowest …

AFP eBay buys Zong for $240M to bolster PayPal's mobile paymentsVentureBeateBay announced today that it has purchased Zong, a company that lets you easily pay for purchases with your mobile phone number, for $240 million in cash. The acquisition is clearly meant to make PayPal (which eBay owns) an even …