If people still had any doubt about the inroads Apple's (NASDAQ: AAPL) laptops are making, they just had to look at Amazon's (NASDAQ: AMZN) list of bestselling computers this Christmas eve. Somehow, despites often being more expensive and offering less features than PCs, the Macs oversold their counterparts, taking three of the top ten spots, including the top one. As the new Apple commercial says: You better watch out... Oh, right, it was a Christmas carol, not a warning to PCs -- or was it?
The IRS has challenged FedEx Corp.'s (NYSE: FDX) business model for contracting with independent drivers, the company said Friday. The company may have to pay tax and penalties of $319 million plus interest for 2002, while the IRS is reviewing similar issues for calendar years 2004 through 2006.
Following as strong performance last week with I Am Legend, movies continued to show decent numbers this weekend. Walt Disney's (NYSE: DIS) National Treasure: Book of Secrets with Nicolas Cage opened as the weekend's No. 1 movie with $45.5 million. This is a sequel to National Treasure, which debuted with $35.1 million on its way to a $173 million total.
Following the energy bill that was signed last week, mandating tougher fuel-economy standards, many analysts now expect a change in the automakers' industry. As car makers will try to make cars lighter, lightweight materials such as aluminum, carbon fiber and other could see increased demand while steel could see less.
On Friday, comScore released November U.S. search engine rankings. Not a lot of surprises there: Number one, of course, was Google (NASDAQ: GOOG) where its sites share of core searches inched higher to 58.6%, compared to 58.4% in October. Second place was Yahoo! (NASDAQ: YHOO) with its sites' share of searches inching down to 22.4% from 22.8%. The remaining three in the opening five were, Microsoft (NASDAQ: MSFT), Ask Network (NASDAQ: IACI) and Time Warner Network (NYSE: TWX) with the highest share point gain during the month to 4.5%.