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United Parcel Services Inc

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June 6, 1992 | BOB MIESZERSKI
Both Hollywood Park and United Parcel Services, Inc., have denied that insurance had anything to do with UPS' decision not to go through with a 30-acre, $18-million land deal with the track. Hollywood Park's intended sale of a portion of its property went into escrow in June of 1991, but UPS said earlier this week that it would not proceed with the purchase. Because it terminated escrow, UPS had to forfeit its $500,000 deposit.
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BUSINESS
December 31, 2003 | From Associated Press
Shipping giant FedEx Corp. said Tuesday that it had agreed to buy copy-shop chain Kinko's for $2.4 billion in cash to gain a longer reach into retail markets and help it compete with major rival United Parcel Services Inc. The purchase, expected to be completed in the first quarter of 2004, would put FedEx counters in Kinko's 1,200 stores across the United States and abroad. Memphis-based FedEx already has drop boxes at Kinko's and full counter services at 134 stores. Buying Kinko's puts FedEx on a more even footing with Atlanta-based UPS, which bought Kinko's competitor Mail Boxes Etc. in 2001 and this year said it would rename the chain's 3,300 outlets the UPS Store.
SPORTS
June 4, 1992 | BOB MIESZERSKI, TIMES STAFF WRITER
One of the best developments of 1992 is the comeback of Renegotiable, the probable favorite in today's feature at Hollywood Park, a $41,000 allowance race at 1 1/16 miles on the turf. A son of Floating Reserve, Renegotiable showed hints of talent last year after losing his first three races against maiden-claimers. Renegotiable broke his maiden by three lengths last June 6, then returned to beat $50,000 claimers by the same margin in his first try around two turns.
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