The NY Times will begin charging for online content. This plan has been long in the making for the Times, and it will certainly set a new trend if even moderately successful. A formal letter was sent out to NY Times print customers along with a full page ad on the back of the business [...]

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Amazon announced its plan to acquire apparel and footwear retailer Zappos.com. Zappos.com ranked 3rd among online retailers last week within the “Apparel and Accessories” category. Compensation for the acquisition was decided on $807 million in Amazon stock, plus about $40 million in cash and restricted stock. Currently this deal is worth $900 million.

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