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UK online travel company Ebookers.com (Nasdaq: EBKR) said Wednesday it will cut between 10 and 20 percent of its 700-person workforce in order to cut costs and deal with reduced demand for travel services following the September 11th terrorist attacks on the United States The news comes a day after U.S. travel e-tailer Priceline.com (Nasdaq: PCLN)...
Although many companies in the technology and e-commerce spaces have undertaken mass employee layoffs in order to cut costs and prop up sagging earnings, industry analysts say that a nagging question remains Are these organizations paying too high a price for their pursuit of financial relief?...
No one in the dot-com world was pinning great hopes on venture capitalists before September 11th, and since our national tragedy, many believe such investors have all but disappeared The truth is that like the rest of us, they have not disappeared. They're simply regrouping and trying to determine what's next....
TMP Worldwide (Nasdaq: TMPW), parent company of dominant online job search site Monster.com, said Tuesday it will cut jobs and lower financial goals in the wake of the September 11th terrorist attacks on the United States "Unfortunately, like so many others around the country, we saw business activity cease in the days immediately following the att...
While investor speculation and skyrocketing stock prices dominated during the first half of 2000, falling stock prices and nervous investors long since have become the order of the day, causing many firms to slash their workforce in an effort to steady their financial ships and improve investor confidence Although layoffs at online firms hit a 15-m...
It's no secret that technology firms are supposed to benefit from the recent decision by the Nasdaq to let stocks trading below the magic US$1 level remain on the exchange. But will they? The Nasdaq's decision is probably well-intentioned. However, the exchange likely has its own interests in mind as well -- and its own reasons for changing the rul...
As wireless technology improves, consumers will use handheld devices to shop for a range of goods and services, and e-businesses can profit by providing user-friendly devices and targeted services that lend themselves to wireless shopping, according to a study released Tuesday by consulting firm Accenture Wireless technology will enable e-commerce ...
State revenue coffers stand to lose more than US$13 billion in uncollected sales taxes on online transactions in 2001, a number that will balloon to more than $45 billion in the next five years, according to a study released Tuesday. "When other factors causing sales tax revenue to shrink are added in, the projected tax (loss) increases are even h...
While consumers tread lightly when it comes to conducting international e-commerce, businesses have begun to use the Web to erase borders and streamline their global operations. Smart companies are using the Internet to shorten the time it takes to get materials from suppliers, to communicate with third-party manufacturers and, in some ways, to tu...
Dot-com job cuts fell to 2,986 in September, the lowest level since July 2000 -- the month that marked the beginning of the dot-com job-cutting spree that has claimed more than 125,000 jobs in 15 months -- according to a report released Monday by executive placement firm Challenger, Gray & Christmas (CGC) September job cuts decreased 39 percent fro...
Two years ago, I bought a new car using the Internet in lieu of dealing with a high pressure salesperson The year 1999 was still considered early to be shopping, purchasing and negotiating a deal for a new car on the Internet, but I was determined not to go through the dreaded showroom experience.
O say, can you see "O"? Internet users looking to buy tickets for the film adaptation of William Shakespeare's "Othello" might have wondered. Typing "O" into the search box of some of the most prominent Web movie ticket sales sites produced no information about where or when you could see the movie. You had to find "O" through a mixture of pluck an...
O say, can you see "O"? Internet users looking to buy tickets for the film adaptation of William Shakespeare's "Othello" might have wondered. Typing "O" into the search box of some of the most prominent Web movie ticket sales sites produced no information about where or when you could see the movie. You had to find "O" through a mixture of pluck an...
O say, can you see "O"? Internet users looking to buy tickets for the film adaptation of William Shakespeare's "Othello" might have wondered. Typing "O" into the search box of some of the most prominent Web movie ticket sales sites produced no information about where or when you could see the movie. You had to find "O" through a mixture of pluck an...
In case you haven't heard, eBay Stores are now open for business. But actually, it's hard to imagine anyone not hearing about the grand opening. It arrived with trumpets blaring and a spin-the-wheel, win-a-prize promotion not only online, but in a bunch of malls across the country. In other words, eBay (Nasdaq: EBAY) was very eager to make sure yo...
As the stock price of Priceline.com (Nasdaq: PCLN) slumped this week, a Hong Kong investment group that is the largest outside shareholder in the online travel site followed through on a promise to boost its ownership stake According to a filing with the U.S. Securities and Exchange Commission, Cheung Kong (Holdings) and Hutchison Whampoa each boug...
At mid-year, in terms of dollars and number of deals made, venture capital funding for U.S. investments was less than half of what it was in 2000, according to VentureWire, which tracks private equity investment. Moreover, the return on investment for the first quarter of 2001 showed nearly a 9 percent loss -- a figure not likely to entice a lot o...
I don't bank online. And until recently, I didn't know a lot of people whodid. But lately, people who bank online are everywhere and they're notafraid to admit it Not only that, they are, to a person, happy customers.
MusicNet, an online music service to be offered by America Online (NYSE: AOL) and RealNetworks (Nasdaq: RNWK) with backing from four recording companies, said Thursday that its technology is ready for distribution by the two media partners MusicNet said it is providing AOL and RealNetworks with "the entire technology and music content" from partner...
In a move apparently timed to capitalize on a slowdown in business travel, Yahoo! (Nasdaq: YHOO) unveiled a service Thursday that will provide corporations with Internet broadcasting capabilities. Yahoo! Broadcast Services are designed to replace face-to-face meetings for business conferences, sales meetings and trade shows.
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