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...competition. London-based AuctionAssist this week unveils a deal making its fledgling drop-off service available to as many as 10,000 British post offices over the next 12 months. Munich-based dropshop, which sold more than 15,000 items through eBay last year, expects to expand into Britain in 2005. And California's iSold It, one of the largest drop-off chains in the U.S. with around 5,000 items sold each week, is planning stores in Britain and Germany over the coming months, with U.S. rival QuikDrop International readying for its own U.K. opening later this year...

Author: /time Magazine | Title: The eBay Piggybackers | 2/6/2005 | See Source »

...Home Rules Britain's Financial Services Authority warned investors that a foreign takeover of the London Stock Exchange could dramatically alter the regulatory regime of its companies. The LSE late last month rejected a $2.4 billion bid from rival Deutsche...

Author: /time Magazine | Title: Bizwatch | 2/6/2005 | See Source »

...trading of movies, TV shows and porn is surging. Downloads of feature films alone are up 175% in the past year, says BigChampagne, another Web-tracking firm. In response, the Motion Picture Association of America (MPAA) recently filed dozens of civil suits against tracker sites in the U.S. and Britain, as well as criminal complaints against sites in France, Finland and the Netherlands. The industry is hoping that in a case scheduled for next month, the U.S. Supreme Court will rule against firms that produce file-sharing software, such as Morpheus and Grokster. Neither Cohen nor BitTorrent is named...

Author: /time Magazine | Title: Downloading Hollywood | 2/6/2005 | See Source »

...generally a bad sign when a book's author is more intriguing than its protagonist. But in the case of At Risk (Knopf; 367 pages) it really can't be helped. At Risk is a thriller about Liz Carlyle, a plucky young agent in MI5 (Britain's equivalent of the FBI) who spars with a roguish male sidekick while chasing a bomb-toting Islamic terrorist and his "invisible" (blond, British and female) co-conspirator. The book follows the standard spy-novel formula, though the formula works with surprising elegance--perhaps because its author, Stella Rimington, is a former director general...

Author: /time Magazine | Title: Books: Tinker, Tailor, Novelist | 2/6/2005 | See Source »

...biggest name in law enforcement yet to give fiction a go. She began working for MI5 in 1965, when, as the wife of a British diplomat in New Delhi, she was hired as a local office clerk. Upon her return to London, she started spying on Soviet spies in Britain--and keeping her profession a strict secret. "Back then," says Rimington, "people tended to say they worked for the ministry of defense, but that invited questions like 'What do you do there?' So I had a variety of covers"--from military bootmaker to cosmetics-firm consultant...

Author: /time Magazine | Title: Books: Tinker, Tailor, Novelist | 2/6/2005 | See Source »

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