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Profits collapse at Royal Mail as post volume fallsCITY A.M.Royal Mail has reported an 80 per cent slide in profits to £39m driven by the decline of its mail business. Total revenues for the group fell to £9.2bn mainly due to a four per cent dive in its letters and …

The challenges facing potential buyers of Royal Mail were laid bare yesterday when the state-owned postal operator revealed that its letters and parcels and international business had fallen to a £120m loss over the year to April from a £20m profit a year ago. More: continued here

The Strange Tale Of UK Postal LiberalisationHell MailAs a 'strange tale' the position Royal Mail now finds itself in takes some absorbing. We have effectively seen it destroyed apparently by the onslaught of technology, lack of attention by government, forced competition and arguably poor management. … More: continued here

ELLSWORTH — The U.S. Postal Service will seek feedback from residents of tiny Ellsworth on Thursday on a plan to close the village’s post office location as part of a nationwide cost-cutting effort. More: continued here

Looking to garner public support for their collective bargaining woes, a handful of postal workers gathered outside Orillia’s Peter Street Canada Post location Tuesday.[…] More: continued here

Ellsworth post office might closeBloomington PantagraphELLSWORTH — The US Postal Service will seek feedback from residents of tiny Ellsworth on Thursday on a plan to close the village's post office location as part of a nationwide cost-cutting effort. USPS proposed closing the office, 113 N. Main St., … More: continued …

Auctionbytes EBay Settles Shareholder Litigation Over GSI Commerce AcquisitionBloombergEBay Inc. (EBAY), owner of the largest e- commerce market, agreed to pay about $24 million to resolve investor lawsuits over its $2.4 billion acquisition of online marketing firm GSI …Ebay Settles Suits Over GSI Commerce Buy, To Sell AssetsWall Street JournalEBay …

Daily Mail On eBay? Then taxman may be on to youScotsmanThe popularity of online marketplaces such as eBay, Amazon, Gumtree and Auto Trader has soared in recent years as the squeeze has tightened on household finances, with a growing number of people boosting their income by selling goods online. …HM …

The Consumerist Office Depot Manager Accused Of Swiping Millions In Toner And InkThe ConsumeristAuthorities in Washington state have charged a manager, along with a former employee, at the retail chain of swiping oodles of office supplies that they are accused of then re-selling on eBay. According to SeattlePI.com, more than …

Chief executive Moya Greene (pictured) scooped a £142,000 reward, just £500 short of David Cameron’s annual pay. More: continued here