UPS forms unit to test, launch web businesses

Article Abstract:

United Parcel Service Inc. (UPS) has formed a new division that will test and start new businesses on the Internet. The eVentures division is intended to increase UPS' electronic commerce presence.

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United Parcel Service Targets China

Article Abstract:

The United Parcel Service is lobbying in Washington to have its own round-trip air routes to China. UPS wants to have its company owned cargo jets fly these routes in order to compete with FedEx and to take strategic advantage of the Chinese airfreight market.

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Boo.com says it will be liquidated after weeks of futile fund raising

Article Abstract:

This article describes the demise of Boo.com, the sports clothing Internet company which had claimed to be the first truly global electronic retailer. Observers consider it a cautionary tale for investors in electronic retailing ventures.

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