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HotJobs (Nasdaq: HOTJ) and Monster.com parent TMP Worldwide (Nasdaq: TMPW) said that the U.S. Federal Trade Commission (FTC) has asked them for more information about merger plans for the online recruiting companies "We still believe we can close in the fourth quarter," TMP spokesperson Dan Bustillos told the E-Commerce Times on Tuesday, adding tha...
In a significant show of support for Web portal Yahoo! (Nasdaq: YHOO), which faces ongoing litigation over the sale of Nazi-related items in France via its U.S.-based Web site, several prominent Internet industry associations and business organizations have filed a "friend of the court" brief on behalf of Yahoo! in U.S. District Court The brief arg...
Just two days after shutting down operations, online currency provider Flooz.com told itspartners Friday that it plans to resume business, possibly by way of a merger. "We have been in discussions with several companies about merging to create a strongerentity to operate in this challenging environment," Flooz.com chief executive officer Robert Le...
Aiming to penetrate the lucrative online travel market, Cendant (NYSE: CD) announced Monday that it is set to acquire Cheap Tickets (Nasdaq: CTIX) in a deal valued at US$425 million, or $16.50 per share "Cheap Tickets is unique among its principal competitors in that it is successful in both online and offline markets," said Cendant chairman, presi...
Defunct online grocer Webvan (Nasdaq: WBVN) said Monday that it is soliciting bids for the purchase of its business units, technology platforms and other assets In a blow to the company's beleaguered shareholders, Webvan also said that it did not expect to have any funds available to distribute to them....
The number of Americans with access to the Internet has grown 16 percent over the past year, with 58 percent of U.S. households now online, audience measurement firm Nielsen//NetRatings said Monday That rate, which covers July 2000 to July 2001, is slower than the 41 percent growth seen the previous year. Growth is now "being driven by late adopter...
Linux distributor Red Hat (Nasdaq: RHAT) is set to launch a new e-commerce suite built on an open-source platform, the company told the E-Commerce Times Friday. The new product, called simply Red Hat E-Commerce Suite, is aimed at mid-size businesses that want to expand their e-commerce platform to support more transactions, enable more complex me...
UK grocer J. Sainsbury said Friday it has killed an ambitious plan to merge the Internet and television into a single vehicle for advertising and e-commerce after less than a year of operation. Citing weak advertising and e-commerce revenues from the project, Sainsbury said Friday that it would end its agreement with Carlton Communications to crea...
Internet message boards have been humming with speculation over the past few days that online currency company Flooz.com is going out of business As of Friday, Flooz itself had left no clear signal of its status and has made itself unavailable for response to any inquiry....
To maximize relationships with preferred suppliers, many European firms will develop private online hubs that will result in savings of 9.5 percent on sales costs in the coming years, according to a study released Thursday by Forrester Research A shift to Internet-based hubs on the continent will also give rise to a number of other benefits, the re...
You may never have heard of one Jim Geringer, but as governor of the great state of Wyoming, he is making some serious noise about taxing Internet purchases Joining a chorus of government voices from coast to coast, Geringer is prone to sweeping pronouncements about the potential of e-commerce to bankrupt state coffers and the injustice of imposing...
Online health care firm WebMD (Nasdaq: HLTH) said Thursday that its losses for the second quarter ending June 30th narrowed to 7 U.S. cents per share, compared to a loss of 9 cents per share in this year's first quarter. WebMD's second-quarter loss of $23.8 million, excluding restructuring, integration and non-cash expenses, was enough to meet Wa...
The good news for Priceline (Nasdaq: PCLN) is that it found the Holy Grail of dot-coms in the most recent quarter. It posted an operating profit. But Priceline hasn't reached e-commerce Nirvana just yet. I don't mean to be a wet blanket. The Priceline story is impressive indeed, the stuff of Hollywood films. Few people thought the company could ev...
Is the online travel market big enough to comfortably feed three of its giants -- Expedia (Nasdaq: EXPE),Travelocity (Nasdaq: TVLY) and Orbitz -- at the same time? According to Forrester Research, 18.9 million households will make their travel purchases on the Web this year, netting US$16.7 billion in leisure travel revenues. That'll buy a lot of p...
Online auction site BidBay.com said Thursday that it has filed a motion to dismiss the trademark infringement lawsuit recently filed against it by Internet auction giant eBay (Nasdaq: EBAY) In papers filed in U.S. District Court in San Jose, California on Tuesday, Tujunga, California-based BidBay contended that the case should be dismissed for fil...
Several months ago, industry observers were writing the epitaph for name-your-own-price e-tailer Priceline.com Here we are less than a year later, and Pricelinejust turned a profit. Almost unheard of in the current new economy, Priceline actually made some real money....
Online content company Salon Media Group (Nasdaq: SALN) got a much-needed boost after the close of trading Thursday, in the formof a US$2.5 million cash infusion from a group led by the investment firm WRHambrecht & Co. and its chairman, Bill Hambrecht Salon made the announcement as it reported a crushing 45 percent year-over-year drop in revenue f...
Of the Fortune 100 companies, 81 are now advertising online, up from 67 that did so a year ago, according to a report released Thursday by Jupiter Media Metrix However, Jupiter said that major media buyers are not increasing their spending onInternet ads as fast as smaller advertisers are.
Business-to-business (B2B) incubator Internet Capital Group (Nasdaq: ICGE) said Wednesday that its second quarter 2001 losses rose 90 percent compared to a year earlier, reaching more than US$354 million. Nevertheless, Wayne, Pennsylvania-based ICG said it has been building its cash reserves as well. ICG said it ended June with about $212 million ...
The U.S. Federal Trade Commission (FTC)announced Thursday that it has settled charges with three operators ofBigsmart.com, an online business opportunity forinvestors in an Internet shopping mall network that government investigators charged was an illegal pyramid scheme According to the FTC complaint, Bigsmart marketed Internet theme malls thatfea...
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