For each of the major negative signs in eBay’s first-quarter results, there was a reassuring “but.” Sales fell 8%, to $2 billion, from a year earlier but were higher than estimates the company provided in January. Earnings fell 21% from the previous year, to 39¢ a share. More: continued here
Read More »Officials: Food stamps provide financial boon – San Mateo Daily Journal
Officials: Food stamps provide financial boonSan Mateo Daily Journal, CABy Michelle Durand An increase in food stamp use is giving needy residents access to a basic necessity but county officials say the program benefits the entire county by directing dollars back into local coffers. The greater demand for the program, … …
Read More »Council considers closing post office – Business Gazette
Business Gazette Council considers closing post officeBusiness Gazette, MDMackinnon doesn't drive and is upset that the city is considering closing the small post office in the Greenbelt Municipal Building near her home. With a tight fiscal 2010 budget, the Greenbelt City Council may decide that the cost of the post office… …
Read More »Teamsters say FedEx Ground drivers remain targets despite ruling (Memphis Commercial Appeal)
The union said Wednesday it will press on with efforts to represent FedEx Ground drivers after an appeals court ruling favored the company. More: continued here
Read More »EBay wins regulator approval for Gmarket deal (Reuters via Yahoo! News)
U.S. online auctioneer eBay Inc won final approval from South Korea’s antitrust watchdog for its planned acquisition of Gmarket Inc, subject to conditions such as a commission freeze for the next three years. More: continued here
Read More »First class hydrogen delivery service – Gasworld.com (subscription)
First class hydrogen delivery serviceGasworld.com (subscription), UKRed goes green: Royal Mail is taking the first steps towards a hydrogen delivery service. Royal Mail, the uk's flagship postal delivery service, has reportedly taken delivery of three hydrogen-fuelled vehicles in the first steps towards a zero carbon … More: continued here
Read More »Drivers May Not Join Union at FedEx Home, Court Rules (New York Times)
In a major victory for FedEx, a divided appellate panel held that thousands of drivers for its home-delivery subsidiary were independent contractors. More: continued here
Read More »EBay Revenue Down 8 Percent, PayPal Up (PC Magazine via Yahoo! News)
A decline in eBay auction listings and vehicle purchases contributed to an 8 percent decline in revenue for the online auction site this quarter, though PayPal and its payment processing business was up 11 percent. More: continued here
Read More »Court Rules in Favor of FedEx On Contractor Model (The Memphis Daily News)
NEW YORK (AP) – A federal appeals court on Tuesday ruled that a unit of FedEx Corp. didn’t break federal labor laws when it refused to negotiate with …. More: continued here
Read More »EU Court Rules UK's Royal Mail Public Svc Can Be VAT-Exempt – Wall Street Journal
EU Court Rules UK's Royal Mail Public Svc Can Be VAT-ExemptWall Street JournalLUXEMBOURG (Dow Jones)–The Royal Mail public postal service in the UK should remain exempted from value-added tax, except for commercial deals it signs with companies, Europe's highest court ruled Thursday. "The universal public service provided by … More: …
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