Afternoon Coffee: FTC May Be Planning to Block Staples/Office Depot Merger, Shoppers Spent $4.45B This Weekend


Reports surfaced over the weekend and today of the Federal Trade Commission's plans to block the proposed Staples and Office Depot merger. The New York Post cited anonymous sources were preparing to block the $6.3 billion deal.

Consumers spent an estimated $4.45 billion shopping online on Thanksgiving and Black Friday. More consumers turned to online shopping instead of going to physical stores this weekend.

This weekend, Amazon unveiled a prototype of a drone it plans to use in the future for 30-minute unmanned delivery service. Amazon said the drone can fly as far as 15 miles and as high as nearly 400 feet.

Amazon may also be planning to operate its own freight business, creating competition with FedEx, UPS and other delivery companies. The Columbus Dispatch reported Amazon is testing the freight business out of a large airpark in Wilmington, Ohio.

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