Posted by: in Latest News
Filed under: Deals, FedEx Corp (FDX), United Parcel’B’ (UPS)
Reports are swirling that FedEx Corp. (NYSE: FDX) is considering a buyout of TNT NV, a major Dutch mail and express delivery service firm. As expected, both firms had no comment on the rumors.
TNT, which was founded in the 1700s, is ranked #4 on a global basis, with about $17.3 billion in revenues. The company’s platform extends from Europe to Asia to Latin America.
No doubt, this is attractive to the folks at FedEx as the deal would make it #2 in the European express delivery service market. The company indeed needs to find a way to diversify away from its dependence on the currently ailing U.S. market.
But if TNT is in play, there are likely to be other bidders the come to the table, such as United Parcel Service (NYSE: UPS). In other words, we could have a dragged out takeover battle.
Tom Taulli is the author of various books, including The Complete M&A Handbook
and The Edgar On the internet Guide to Decoding Financial Statements
. He also operates MergerBook.com.
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Posted by: in Business News
Filed under: Business, Internet, Web services, Beta, web 2.0
If you run a small business, odds are you’ve got some sort of system for tracking income, expenses, and tax payments. But we’re going to bet it’s not as simple as the system offered by GoBootStrap. The internet service offers a sort of accounting for dummies style interface. To enter income, just click the income tab, describe the client, assignment, and amount, and you’re all set.
The expenses tab is slightly more complex, in that you need to choose from a list of categories like travel, supplies, or rent. But the category list is relatively short, and there’s completely no way to add your own clutter with custom categories. While that might seem like a severe limitation, it actually makes sense when you take into account what GoBootStrap offers behind tab number 3: Tax estimates.
GoBootStrap examines your income and expenses and lets you know how much you will likely owe on your quarterly estimates taxes. Right now the site only offers estimates for federal taxes, but eventually state taxes will be supported as well.
Continue reading GoBootstrap makes business bookkeeping easy
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Posted by: in Latest News
Filed under: Before the bell, Deals, Microsoft (MSFT), Apple Inc (AAPL), General Electric (GE), AT and T (T), Netflix, Inc. (NFLX), Boeing Co (BA), FedEx Corp (FDX), United Technologies (UTX)
Microsoft Corp. (NASDAQ: MSFT) announced late Friday that it was cutting the price on the lower-end model of its XBox 360 gaming console and introducing a new mid-range model with a 60GB hard drive. Meanwhile, there are rumors that Microsoft could announce a deal with Netflix, Inc. (NASDAQ: NFLX) at a gaming conference in Los Angeles on Monday that would grant streaming movies and TV shows from Netflix to be played through the Xbox 360.
Boeing (NYSE: BA) won an order from low-cost airline FlyDubai for 50 737-800 jets $3.74 billion at list prices.
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