June 2024 - cypherpunks - lists.cpunks.org

UNITED PARCEL EXTENDS ITS REACH - The New York Times - June 9, 1985
by Gunnar Larson 09 Jun '24

09 Jun '24

https://about.ups.com/us/en/our-company/our-history.html 1985 Next day? No problem. In 1985, UPS Next Day Air service became the first air delivery network to reach every address in the 48-contiguous states, Hawaii, and Puerto Rico. That same year, UPS began its first intercontinental air service between the U.S. and Europe. https://www.nytimes.com/1985/06/09/business/united-parcel-extends-its-reach… UNITED PARCEL EXTENDS ITS REACH By Eric N. Berg June 9, 1985 UNITED PARCEL EXTENDS ITS REACH By Eric N. Berg June 9, 1985 Credit...The New York Times Archives See the article in its original context from June 9, 1985, Section 3, Page 1Buy Reprints New York Times subscribers* enjoy full access to TimesMachine—view over 150 years of New York Times journalism, as it originally appeared. *Does not include Crossword-only or Cooking-only subscribers. About the Archive This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. SINCE last Monday, even the Havasupai Indians living at the base of the Grand Canyon are able to receive next-day delivery of letters via the United Parcel Service. Under a complicated plan devised by the company in case the need ever arises, a U.P.S. driver with an urgent letter will drive 50 miles on a dirt road from Valentine, Ariz., to the rim of the canyon. He will then hand over the letter to a mule-train operator who, for a $35 charge to U.P.S., will transport the letter on its rocky final leg. The price of the letter to the sender is the standard fee: $8.50. Sending a letter by mule train - and at a loss -may be the most extreme use of U.P.S.'s week-old service. But it illustrates how serious U.P.S. is about entering the overnight-letter market, the fastest-growing but most competitive segment of the parcel delivery business. U.P.S.'s new service promises next-day delivery of letters between any two addresses in the nation, a service that even the United States Postal Service does not offer. By blanketing the country, wooing new customers and using a distribution network already in place - many letters will be carried in the same vans as parcels -U.P.S. hopes that its sheer volume to profitable destinations will cover any losses associated with going to such places as the Grand Canyon. It also hopes to win market share from such big players in next-day letters as Federal Express, Airborne Express, Emery Air Freight, Purolator Courier and the Postal Service. ''We think we're efficient enough to offer service cheaper than any of our competitors,'' said Kent C. Nelson, U.P.S.'s senior vice president for finance and customer service.

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'Brussels Effect' Of EU's AI Act Is Uncertain, Legal Pros Say
by Gunnar Larson 08 Jun '24

08 Jun '24

'Brussels Effect' Of EU's AI Act Is Uncertain, Legal Pros Say <https://www.law360.com/competition/articles/1841138?nl_pk=6416fd97-1dc4-4e0…> By Dorothy Atkins BigLaw attorneys advising international clients on the European Union's AI Act tell Law360 there are significant uncertainties over vague terms in the 458-page statute, how its steep eight-figure fines will be enforced, and whether it will set a new standard globally as part of the "Brussels effect." Read full article » <https://www.law360.com/competition/articles/1841138?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1841138?nl_pk=6416fd97-1dc4-4e0…>

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Biote Investors Sue Cooley, SPAC After Huge Merger Loss
by Gunnar Larson 08 Jun '24

08 Jun '24

Biote Investors Sue Cooley, SPAC After Huge Merger Loss <https://www.law360.com/legalethics/articles/1845076?nl_pk=153d4a8a-6fb9-4a5…> By Katryna Perera Family trust investors in Biote Corp. have sued Cooley LLP and the "hormone optimization" company's top brass over the $700 million merger Biote completed with a special purpose acquisition company, saying the deal was a "disastrous transaction to divert approximately $70 million of merger consideration to themselves and gain control of an enterprise they did not build." Read full article » <https://www.law360.com/legalethics/articles/1845076?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1845076?nl_pk=153d4a8a-6fb9-4a5…>

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CFPB Cautions Firms Against Contractual 'Fine Print Tactic'
by Gunnar Larson 08 Jun '24

08 Jun '24

CFPB Cautions Firms Against Contractual 'Fine Print Tactic' <https://www.law360.com/banking/articles/1843969?nl_pk=feb6bbba-7878-4d39-be…> By Jon Hill The Consumer Financial Protection Bureau on Tuesday warned banks and other financial services firms against trying to "trick" consumers with unenforceable waivers in their customer contracts, saying their use of certain contractual terms and conditions can open them up to supervisory or enforcement action. 1 document attached | Read full article » <https://www.law360.com/banking/articles/1843969?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1843969?nl_pk=feb6bbba-7878-4d39-be…>

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NFL Sunday Ticket Is A Rigged Game, Antitrust Jury Told
by Gunnar Larson 08 Jun '24

08 Jun '24

NFL Sunday Ticket Is A Rigged Game, Antitrust Jury Told <https://www.law360.com/competition/articles/1845250?nl_pk=6416fd97-1dc4-4e0…> By Craig Clough An attorney for NFL Sunday Ticket subscribers told a California jury Thursday during opening statements of a multibillion-dollar antitrust suit that secret documents will prove the NFL engaged in anticompetitive behavior, and the trial would reveal the "darker side of the NFL behind the shield." Read full article » <https://www.law360.com/competition/articles/1845250?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1845250?nl_pk=6416fd97-1dc4-4e0…>

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Transport Monopoly Indictment Is Deficient, Accused Says
by Gunnar Larson 08 Jun '24

08 Jun '24

Transport Monopoly Indictment Is Deficient, Accused Says <https://www.law360.com/competition/articles/1845004?nl_pk=6416fd97-1dc4-4e0…> By Rae Ann Varona One of 12 individuals who U.S. federal prosecutors claim conspired to monopolize cross-border sales of used vehicles and other goods from the U.S. to Central America using violence has moved to dismiss antitrust charges, saying prosecutors omitted elements of an indictable offense. Motion attached | Read full article » <https://www.law360.com/competition/articles/1845004?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1845004?nl_pk=6416fd97-1dc4-4e0…>

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Ameriprise Says Father-Son Ex-Reps Stole Client Info
by Gunnar Larson 08 Jun '24

08 Jun '24

Ameriprise Says Father-Son Ex-Reps Stole Client Info <https://www.law360.com/banking/articles/1844630?nl_pk=feb6bbba-7878-4d39-be…> By Sydney Price Ameriprise Financial seeks a restraining order against two former employees, a father-son duo, and their new employer, saying the men took boxes of confidential documents "in the dark of the night" to transfer to their new roles. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1844630?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1844630?nl_pk=feb6bbba-7878-4d39-be…>

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Pension Funding Levels 'Stable' Ahead Of Looming Election
by Gunnar Larson 08 Jun '24

08 Jun '24

Pension Funding Levels 'Stable' Ahead Of Looming Election <https://www.law360.co.uk/financial-services-uk/articles/1844889?nl_pk=a94fc…> By Joel Poultney The political party that wins the July 4 general election will is likely to operate within an environment of stable funding for retirement savings plans, a consultancy said Thursday, as it highlighted the "relatively" consistent levels of funding in the past year. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1844889?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1844889?nl_pk=a94fc…>

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Calif. Judge Pauses Wells Fargo Investor Row Over State Case
by Gunnar Larson 08 Jun '24

08 Jun '24

Calif. Judge Pauses Wells Fargo Investor Row Over State Case <https://www.law360.com/banking/articles/1844855?nl_pk=feb6bbba-7878-4d39-be…> By Grace Dixon A California federal judge has paused a pension system's proposed class action accusing top Wells Fargo & Co. officers of enabling a "culture of lawlessness," making way for a state court suit that alleges similar wrongdoing. Order attached | Read full article » <https://www.law360.com/banking/articles/1844855?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1844855?nl_pk=feb6bbba-7878-4d39-be…>

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AI Co. UiPath's $70M Award Over Chinese Code Theft OK'd
by Gunnar Larson 08 Jun '24

08 Jun '24

AI Co. UiPath's $70M Award Over Chinese Code Theft OK'd <https://www.law360.com/newyork/articles/1844306?nl_pk=ac5a3855-e47c-4403-be…> By Joyce Hanson A New York federal judge has affirmed an unopposed $70 million arbitration award in favor of U.S. artificial intelligence software and robotic process automation company UiPath against a China-based competitor over allegedly stolen source code. 2 documents attached | Read full article » <https://www.law360.com/newyork/articles/1844306?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1844306?nl_pk=ac5a3855-e47c-4403-be…>

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