MEMPHIS, Tenn.–(BUSINESS WIRE)–Today FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), announces the launch of a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. Because the new route combines faster service with larger cargo capacity, FedEx can now deliver documents and packages…
United Parcel Service Inc. (UPS) plans to add four flights a week from Hong Kong to Europe and FedEx Corp. (FDX) will start a new nonstop route from its Tennessee hub to South Korea as growth in Asian shipping demand outpaces the U.S. More: continued here
In a major shift in business strategy, eBay (EBAY) this morning announced a deal to acquire the e-commerce services provider GSI Commerce (GSIC) for $29.25 a share in cash for $2.4 billion. The deal is expected to close in the third quarter. More: continued here
Siliconrepublic.com Why eBay Wants to Buy GSI CommerceGigaOm28, 2011, 8:53am PT No Comments Auction giant eBay said today that it will buy GSI Commerce, a King of Prussia, Pa.-based provider of e-commerce and marketing services for a whopping $2.4 billion in cash and debt. The deal is part of eBay's continued …EBay to buy GSI…
Chicagoist Changes in the Route of Postal Services to Save MoneyTopNews United StatesPostmaster General, Patrick Donahoe revealed that the United States Postal Service will move in April to the Spring Hill Post Office as a part of nationwide cost-saving measures. The 7 district offices are being moved next month, which includes …Speak Up About Northfield…
Online auction giant eBay announced Monday that it has agreed to acquire GSI Commerce, a provider of electronic commerce and interactive marketing services, for $29.25 a share or $2.4 billion. More: continued here
The number of Hawaii residents signing up for food stamps increased at a faster pace than the national average last year as state officials expanded eligibility for the program to help people suffering from the economic slowdown. More: continued here
Stocks Advance In Early Trading With eBay (EBAY) And AstraZeneca (AZN) On The MoveMarket Intelligence CenterEBay (EBAY) moved lower after the company announced it has agreed to buy GSI Commerce, a digital marketing and e-commerce company, for $2.4 billion. Ebay says the acquisition will bolster its capacity to connect buyers and sellers around the world….
NEW YORK (TheStreet) — eBay announced on Monday that it will acquire GSI Commerce for $2.4 billion, or $29.25 a share. The deal, which is expected to close in the third quarter, represents a 51% premium over GSI’s closing price on March 25. “We intend to lead the next generation of commerce innovation. The acquisition…
eBay is buying GSI Commerce, which provides back-end e-commerce and marketing services to companies, for $2.4 billion. eBay will use a combination of cash and debt and expects the deal to close in the third quarter. More: continued here