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Though eBay saw a fourth-quarter net income increase of 10 percent, the e-commerce company announced plans to cut 2,400 jobs across its marketplaces. EBay plans to spin off its payments business PayPal later this year. More: continued here

Fortune EBay plans to cut 2400 jobs, unload enterprise businessFortuneEBay plans to cut 2,400 jobs and unload its business unit that helps retailers manage their online shopping operations. The news came as eBay made peace with investor activist Carl Icahn by naming one of his allies as a board member. …

Royal Mail revenues up 1 per cent, sees parcel improvementEconomic TimesLONDON: Britain's Royal Mail said group revenue for the nine months to December 28 rose 1 per cent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares in Royal Mail, …

Royal Mail posts slowdown in nine-month revenueCNBCLetters volumes fell 3 percent, as expected, with revenue flat compared to a 1 percent rise at the half year. The firm's European parcels division posted revenue growth of 8 percent, Royal Mail said, adding it expected to meet its full-year profit … More: …

NEW YORK (TheStreet) — Shares of eBay Inc. are up by 2.94% to $54.95 in pre-market trading on Thursday, following a ratings upgrade to "equal-weight" from "Underweight" at Morgan Stanley. The firm said it raised its rating on the online marketplace as it believes eBay's business restructuring has offset its …

Reuters UK Royal Mail shares lifted by parcels progressReuters UKLONDON (Reuters) – Britain's Royal Mail (RMG.L) announced an improved performance at its key parcels business over a busy Christmas period, helped by price promotions, the Black Friday retail rush and its own longer business hours in an increasingly …Royal Mail Christmas …

The shake up comes as the e-commerce giant makes peace with investor activist Carl Icahn in prelude to a planned spin off of PayPal later this year More: continued here

Reuters UK Royal Mail revenues up one percent, sees parcel improvementReuters UKLONDON (Reuters) – Royal Mail (RMG.L) said group revenue for the nine months to Dec. 28 rose 1 percent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares in …

Believing in the strong growth prospects for China's domestic and international cargo markets, FedEx, the operator of the world's largest cargo airline, will continue to invest in the Chinese market, said Eddy Chan, Head of China and senior vice president of FedEx Express. More: continued here

Reuters EBay may sell enterprise unit ahead of PayPal splitReutersThe moves could lay the groundwork for a future acquisition of eBay and PayPal by companies looking to gain a foothold in the e-commerce and online payments markets. Wall Street analysts have identified Alibaba (BABA.N), Google (GOOGL.O) and … More: continued here