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The controversial buyback of the Staples.com e-commerce unit by parent company Staples (Nasdaq: SPLS) cleared its final hurdle Monday, when shareholders gave the deal their blessing. Shareholders who bought into the Staples.com tracking stock will get a handsome return on their investment. While the shares originally sold for US$3.25, Staples is b...
The U.S. Federal Trade Commission (FTC) has settled a case it filed against spammers who collected consumers' personal information, including credit card information, by sending unsolicited commercial e-mails that told people they had to supply the data or lose access to the Internet. The settlement with Robert Stout, doing business as Global Int...
A financial technology services firm on Monday unveiled Nopaperbills.com, a Web site where consumers and small businesses can receive, view and pay both electronic and paper bills over the Internet However, an analyst at e-financial research and consulting firm Celent told the E-Commerce Times that many hurdles continue to impede the success of Nop...
Ending weeks of speculation, online currency site Flooz.comclosed for good over the weekend and announced it would file for bankruptcy In a message posted on its site, Flooz blamed the shutdown on "dramatic changes in capital markets and the general slowdown in the economy."
A one-day airfare sale helped increase sales more than 70 percent at Travelocity.com (Nasdaq: TVLY), the travel site said Monday. Data released by the site and e-commerce infrastructure provider comScore Networks found that while the fare discounts on American Airlines (NYSE: AMR) tickets led to a 19 percent drop in prices, it also prompted a 71 p...
A fertile market and a fertile territory for e-commerce -- online games and South Korea -- met up Monday when EA.com, the online gaming division of entertainment software maker Electronic Arts (Nasdaq: ERTS), announced plans to launch a localized version of its popular Ultima Online role-playing game in the Far Eastern country Other games and sport...
The bad news for more than 40,000 dot-com workers came when their employers told them they were no longer needed. For some, the worse news might be the reception they get on the job market -- or the adjustment in expectations and work habits they have to make in order to find new employment.
Buy.com said Thursday that its credit card processor has reversed an earlier decision to terminate the company's contract, after the e-tailer's founder agreed to provide Buy.com with an additional cash infusion. The threat of termination, which Buy.com revealed in a filing with the U.S. Securities and Exchange Commission (SEC) earlier this week, c...
Aside from its obvious commercial potential, the greatest promise of e-commerce has always been its potential to be an all-inclusive forum. All of the interpersonal exchanges that seem to slight certain ethnic or minority groups offline were supposed to be less of a problem when doing business electronically, right? Not so fast....
The quest to be No. 1 in the online job recruitment space is now essentially a two-party race. The corporate backers of CareerBuilder announced Friday that they are acquiring job site Headhunter.net (Nasdaq: HHNT) in a direct attempt to dethrone the current online job leader, Monster.com.
Interactive television (iTV) applications that allow consumers to shop, bank and play games are set to become mainstream consumer services in Western Europe, according to a report released Thursday by IDC "The development of interactive TV differs from other technologies in targeting a wide demographic base of households and displaying incremental ...
Companies in Latin America expect the percentage of total revenue generated by the Internet to be nearly three times as much in 2001 as it was in 2000, according to an IDC report released Thursday The 1,300 Latin American companies surveyed for IDC's eWorld survey told the Framingham, Massachusetts-based research company that they expect revenue fr...
Well, Napster seemed like a good idea at the time. And shortly after Bertelsmann announced it was forming a strategic alliance with Napster (*correction), it seemed like a great idea. Napster usage rocketed through the roof, as people who had never downloaded music before were burning CDs as if free copyrighted music were going out of style.
For the fourth time this year, the National Collegiate Athletic Association has filed a cybersquatting lawsuit accusing an Internet company of unauthorized use of NCAA trademarks According to the NCAA suit, Phoenix, Arizona-based Desire, Inc. used the NCAA-registered trademark "Final Four" in at least 10 different domain names for sites selling NCA...
E-business software firm SAP (NYSE: SAP) announced Friday that U.S. antitrust authorities have approved its increased investment in Commerce One (Nasdaq: CMRC), boosting SAP's total stake in the e-marketplace provider to more than 20 percent "With its seat on Commerce One's board, SAP will be one of the bigger influencers of Commerce One," Forreste...
For the second time this month, Travelocity.com (Nasdaq: TVLY), Yahoo! (Nasdaq: YHOO) and American Airlines (NYSE: AMR) launched a one-day online airfare sale Thursday, a move likely to trigger another short-term Internet price battle. The sale, announced at the stroke of midnight by the three participants, came with no advance warning or promotio...
In a bid to gain leverage in Europe's increasingly crowded online travel market, London-based Internet travel agency Ebookers.com (Nasdaq: EBKR) and Web auctioneer QXL Ricardo (Nasdaq: QXLC) announced Thursday that they have struck a joint marketing agreement to cross-promote their travel services throughout the continent As part of the deal -- whi...
A snafu on the Web site of United Airlines (NYSE: UAL) allowed travelers to book round-trip flights from Chicago to Bombay, India -- via Frankfurt, Germany -- for a mere US$140 on Tuesday By the time United discovered the software problem Tuesday afternoon, about 120 consumers had booked the unintended fire-sale fare, United spokesperson Chris Nard...
The acquisition of online electronics retailer Outpost.comis in jeopardy, according to a statement issued Wednesday by Outpost's potential buyer, PC Connection According to PC Connection, if Outpost is unable to meet the net-worth condition set in the merger agreement, PC Connection will void the deal. And Outpost recently told PC Connection that ...
Online retailer Buy.com (Nasdaq: BUYX) might have to close its doors because its credit card processor plans to end their relationship on September 1st, according to Buy.com's quarterly filing with the U.S. Securities and Exchange Commission (SEC) this week "Since over 90 percent of the Company's revenue is derived from credit card transactions, if...
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