FedEx 1Q More Than Doubles; 2Q View Cautious

FedEx says the IRS will not impose tax penalties for 2004 through 2006 in the package delivery company’s long-running battle over the classification of its FedEx Ground drivers as contractors instead of employees. More: continued here

Times of India MakeMyTrip, Pepperfry, eBay may join in government's UPI system soonTimes of IndiaOnline merchants including eBay, MakeMyTrip and Pepperfry are said to be joining the UPI network soon, along with Bharat Sanchar Nigam Ltd, Mahanagar Telephone Nigam Ltd. and Idea Cellular for mobile bill payments. The Indian Railway Catering …and more » More: continued here

eBay's $75 million Milo buy: Another reason why e-commerce is set to boomVentureBeatE-commerce giant eBay is close to announcing it has purchased local shopping search engine Milo for $75 million, according to a report by Business Insider. … More: continued here

Office-supply retailer OfficeMax Inc. reported Monday it signed a multiyear deal that will allow it to use some of FedEx Corp.’s services in its U.S. …. More: continued here

SFGate (blog) Leap bus for auction on eBay – The Technology Chronicles – Blogs at SFGate.comSFGate (blog)One of Leap Transit's tricked out yuppie buses is for sale on eBay for as little as $17,999. “Party bus beautiful limo bus for sale Big Party bus completed refurbished inside. Many features to list in short ad. Come…

FedEx Corp., the biggest air-cargo carrier, and Cathay Pacific Airways Ltd. forecast a pickup in freight demand in the second half of the year that may help airlines offset surging fuel prices. More: continued here