PayPal, owned by eBay Inc. (EBAY), has agreed to pay $7.7 million to settle the charges by the U.S. Treasury because it overlooked U.S. sanctions on people and entities related to Iran, Cuba and Sudan. More: continued here
FedEx Corp. said it shouldn’t be prosecuted for delivering drugs dispensed through Internet sales without prescription because its actions are protected under federal law. The company is fighting money-laundering and drug-trafficking charges that it delivered drugs for online pharmacies, supplying pills to customers who were never examined by doctors. FedEx is also accused in an…
Nasdaq eBays PayPal to Pay $7.7M for Violating Treasury SanctionsZacks.comPayPal, owned by eBay Inc. (EBAY – Analyst Report), has agreed to pay $7.7 million to settle the charges by the U.S. Treasury because it overlooked U.S. sanctions on people and entities related to Iran, Cuba and Sudan. According to the charges against …Financial Sector Update…
Big News for Online Sellers: Stamps.com to Acquire EndiciaEcommerceBytes (blog)Stamps.com entered into a definitive agreement to acquire Endicia for $215 million in cash, though the sale is subject to the Hart-Scott-Rodino Act, which gives the Justice Department 30 days to evaluate acquisitions and decide whether to investigate … More: continued here
Derbyshire Times Royal Mail assessing “all options” for future of site of disused Chesterfield …Derbyshire Times“If approved, that would enable demolition work to start from May onwards, although the exact timing would be a matter for Royal Mail.” Morag Turnbull, of Royal Mail, said: “We can confirm that a planning application has been submitted for…
Stamps.com Inc. (STMP) announced after the bell Tuesday that it has agreed to acquire Endicia, a wholly owned subsidiary of Newell Rubbermaid, for $215 million in cash. More: continued here
A disused car park in Chesterfield is to be demolished, it has been confirmed. More: continued here
The Star Disused Chesterfield car park could be demolished in monthsThe Star“The borough council has given Royal Mail building control regulation approval to do this and the planning application will be considered in the coming weeks. “If approved, that would enable demolition work to start from May onwards, although the exact … More: continued here
Forever Stamps will work with postcards and more starting next monthWashington Post (blog)Mailers can use Forever Stamps with postcards and letters larger than one ounce beginning late next month, according to a notice this week from the Postal Regulatory Commission. The U.S. Postal Service Board of Governors approved the change on … More: continued here
The C Suite Royal Mail plc: RMG Shares Continue to Carve Out a RecoveryThe C SuiteBelow here we could well see Royal Mail capitulate towards 406p and then 394p. Our initial target to the rally would be 481p – the maximum achieved in November 2014, a level that should now provide resistance. Note that technical…