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Online postage company Stamps.com (Nasdaq: STMP) said Friday that it cut about 25 percent of its workforce as part of a plan to reduce costs and turn a profit, and that chief financial officer Ken McBride will take over the chief executive post The layoffs are the latest in a series of restructuring moves begun lastOctober, when Stamps.com cut 40 p...
Bigger. Flashier. More intrusive. The advertising industry is willing to try anything and everything to get people to pay more attention to their Internet advertising Here's another idea: Start with some interesting advertisements. That might do more than all the multimedia, interstitial and skyscraper ads combined to get the Web advertising indust...
According to its main financial backer, Valassis Communications (NYSE: VCI), online coupon provider Save.com will cease operations due toinsufficient funding and a lack of advertisers Valassis, the largest shareholder of Save.com, said that it pulled the plug on the Los Angeles-based company Wednesday, due to the site's "inability to garner a crit...
Another Net appliance has made an early exit -- this time, Sony's eVilla Net Entertainment Center, which lasted just two months. According to Sony, the eVilla online service is scheduled to end on September 13th. eVilla customers were mailed a letter from Sony during the week of August 27th, detailing a plan in which Sony said it will buy back eV...
The back-to-school shopping season might not be the biggest quake on the e-commerce Richter scale -- holiday gift-giving tends to rock the e-tail world more Even so, the return to the classroom provides a welcome excuse for e-tailers to convince consumers to shake off the summer doldrums and start spending again.
As the expiration date for a rival takeover bid from PC Connection (Nasdaq: PCCC) approaches, Fry's Electronics is back in the running to acquire struggling e-tailer Outpost.com (Nasdaq: COOL), Fry's disclosed Wednesday. According to a filing by Fry's with the U.S. Securities and Exchange Commission (SEC), buyout talks with Outpost resumed earlier...
Internet brokerage E*Trade (NYSE: ET) said late Wednesday that it plans to buy market maker Dempsey & Company for US$173.5 million in cash and stock, and that it will consolidate its existing operations in order to diversify its revenue sources and cut costs The restructuring, which E*Trade described as the "next phase" of its ongoing diversificati...
eBay (Nasdaq: EBAY) said Wednesday that it reached a deal with Columbia TriStar Television Distribution (CTTD), a division of Sony Pictures Entertainment (NYSE: SNE), to produce a daily syndicated television show focusing on "the stories behind the millions of items traded daily on eBay and other venues." Slated for fall 2002, the series will be p...
The ever-expanding dot-com graveyard added a new name to its roster over the weekend. Flooz.com, the company that dealt in Internet-based currency and electronic gift certificates, quietly closed its virtual doors. Among its other difficulties, Flooz was, according to early reports, a victim of massive credit card fraud of at least US$300,000 When ...
Ford Motor Company (NYSE: F) heard from the U.S. Court of Appeals this week that its pre-owned vehicles Web site wasoperating in violation of Texas state laws Working in partnership with auto dealers in Houston and in five other U.S. cities, Ford's site -- called the Pre-Owned Showroom -- violated the Texas Motor Vehicle Commission Code, according ...
Firing back at critics who contend that its advertising software uses illegal delivery tactics, Gator.com said Tuesday it has filed a lawsuit against one of its most vociferous detractors, the Interactive Advertising Bureau (IAB), asking a U.S. court to declare that the trade group's charges are "unfounded." At the heart of the conflict is a new ve...
Most financial-service Web sites fail to give users appropriate options for protecting the use of their personal financial information, according to a report released Wednesday by the nonprofit Center for Democracy and Technology (CDT). The study found that mortgage companies and big banks are the worst offenders, with some apparently violating le...
Traffic to Internet-only banks is decreasing, while multichannel financial institutions have watched their online activity double over the past year, according to a report released Wednesday by Jupiter Media Metrix (Nasdaq: JMXI). The number of visitors at the Web sites of banks that also have a brick-and-mortar presence increased 110 percent duri...
The latest dot-com job cut numbers released Tuesday by Challenger, Gray, & Christmas (CGC) paint a rather mixed picture of the Internet economy. On the one hand, dot-com layoffs in August fell 44 percent from July, to reach a 12-month low of 4,899. On the other, the number of dot-com firms that permanently closed up shop leaped 133 percent in Aug...
An online transaction seems simple enough. You send your credit card information: they send you stuff But increasingly, the company that takes your credit card information is not the one that sends you the goods. And still a different firm might answer the phone when you call to find out why your stuff doesn't work....
Online payments provider Ecount confirmed to the E-Commerce Times on Monday night that a hacker or hackers breached security at its Web payment site, Webcertificate.com "We have reason to believe someone inappropriately accessed data," Ecount chief executive officer and president Matt Gillin told the E-Commerce Times.
Does an online shopping companion service have the right to substitute ads of its own choosing for the ads that other Web sites expect users to see? Welcome to the latest Internet advertising riddle Tuesday, the Interactive Advertising Bureau (IAB) said that it intends to "immediately pursue options" with U.S. agencies over allegations that Interne...
AOL Time Warner (NYSE: AOL) and taxpreparer H&R Block (NYSE: HRB) said Tuesday that they have signed a multi-year, cross-promotional alliance The deal makes H&R Block the exclusive tax-service provider for AmericaOnline properties. H&R Block's services will be featured on AOL, CompuServe, Netscape, Money.com and Digital City, the companies said....
AOL Time Warner (NYSE: AOL) and taxpreparer H&R Block (NYSE: HRB) said Tuesday that they have signed a multi-year, cross-promotional alliance The deal makes H&R Block the exclusive tax-service provider for AmericaOnline properties. H&R Block's services will be featured on AOL, CompuServe, Netscape, Money.com and Digital City, the companies said....
AOL Time Warner (NYSE: AOL) and taxpreparer H&R Block (NYSE: HRB) said Tuesday that they have signed a multi-year, cross-promotional alliance The deal makes H&R Block the exclusive tax-service provider for AmericaOnline properties. H&R Block's services will be featured on AOL, CompuServe, Netscape, Money.com and Digital City, the companies said....
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