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Matters Financial |
5 January 2004
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FedEx Buys Kinko's
Federal Express, the overnight courier service, has announced that it will buy Kinko's, the all-night copy shop, for around $2.4 billion. If the merger and acquisition business is ever to get back on its feet, it needs more deals like this. Click here to read more.
Holiday Spending Soars On-Line, Toy Stores Weak
Christmas is for the young and the young at heart as the saying goes. And that means that toys are a fundamental part of the holiday. While there is an unfortunate materialism and commercialism that has crept into the holiday, the world would be a better place if more people spent more time playing with toys. Based on sales figures, though, there weren't as many toys under the tree as one would hope. However, on-line retail did put a sparkle into the season. Click here to read more.
Microsoft's Penny Black Project May Reduce Spam
When the first rumors of Microsoft's "Penny Black" Project started flying, most presumed the Evil Empire of Mr. Gates had hit on a way to make people pay for e-mails. The suspicion was founded on the old hacker ethic that information should be free, and that Mr. Gates had built his fortune by making people pay for those freebies. As it turns out, the Penny Black project could slash the amount of spam in e-mail boxes, saving business millions if not billions. Click here for our view.