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The growing use of "pro forma" financial results -- that is, when companies report income or loss figures excluding a host of supposedly "one-time" charges -- is drawing attention from critics who say companies may be publishing pro forma earnings to make quarterly earnings reports look better than they actually are The U.S. Securities and Exchange...
Computer reservations giant Sabre (NYSE: TSG), parent of travel e-tailer Travelocity.com (Nasdaq: TVLY), said Thursday it would raise up to US$400 million worth of working capital, a possible sign the company is looking to fortify itself as the online travel war becomes more intense. Fort Worth, Texas-based Sabre said it will raise the cash by sel...
Cheap Tickets (Nasdaq: CTIX), which sells travel tickets through retail outlets, over the Internet and by phone, reported a profitThursday for the tenth consecutive quarter, announcing diluted net income for the second quarter ended June 30th of 5 U.S. cents per share. However, the quarter did not provide a perfect landing for Cheap Tickets. The c...
As one of the largest global payment systems, Visa has looked to the Internet to boost its family of branded financial products, credit cards, smart cards, stored value cards and check cards Among its online promotional campaigns designed to enhance its brand with consumers, Visa supports an ongoing rewards program that provides discounts andexclus...
From coast to coast, burned tech investors are being soothed. Like aloe on a sunburn, the notion that it wasn't their fault is just the balm they'vebeen searching for since their nest eggs went splat Finally, they can chat openly about their Internet stocks at cocktail parties without being embarrassed. They can admit, that yes, I too bought stock ...
If we chronicle the evolution of electronic commerce via the headlines, the conventional wisdom is that online privacy is Job One If online privacy really is a top priority of legislators, company owners and watchdog organizations, that's a good thing. However, the more ink privacy consumes in legislative committee meetings, in press releases and i...
Cost reductions and lower marketing spending helped luxury goods e-tailer Ashford.com (Nasdaq: ASFD) narrow its loss for the first quarter ended June 30th, the company said Thursday Sales were below year-earlier levels, however, as a promotional campaign and an inventory reduction lowered revenue. Repeat customers accounted for 33 percent of total ...
The use of peer-to-peer networking among Internet users -- for example, on controversial music file-swapping site Napster -- is changing the way people exchange information, and companies ignore the trend at their peril, according to a report released Thursday by IDC The rise of Napster shows that "virtual communities" have the potential toaffect t...
Analysts agree that Internet and technology investment is a virtual desert these days. Although editor Ken Andersen of VentureWire recently pointed out that the VC industry overall is on track to tally approximately 3,200 deals and US$35 billion in the United States alone this year, according to figures released by Venture Economics and the Nation...
Internet service provider (ISP) NetZero (Nasdaq: NZRO) announced late Wednesday it is pruning its staff by 26 percent and cutting back on its free Internet service in order to decrease costs and improve financial results Westlake Village, California-based NetZero said it is reducing the number of free Internet hours that subscribers receive from 40...
Although many financial services firms have revamped their marketing campaigns around "fear-inducing" messages, in an effort to attract and retain clients, a study released Wednesday by Forrester Research finds that these companies need to take a markedly different approach when dealing with affluent investors, including fully integrating their online and offline offerings...
Though some observers say that the Internet provides crucial value to life insurance consumers as a research and information tool, the Web might not be the best place to find good deals, according to findings released Tuesday by the Consumer Federation of America (CFA) "We thought that term life insurance was a simple product that we could test and...
Of everything e-commerce participants have learned so far, one rather retro lesson has taken on new meaning: There is no such thing as a free lunch....
The latest quarterly report from Priceline.com (Nasdaq: PCLN) shows that the company has successfully transformed itself from an overextended, money-losing dot-com into an online travel company poised for success, analysts said Priceline shares soared in morning trading Wednesday, following news that the "name your price" e-tailer posted a pro form...
European Union (EU) regulators cleared the way for the wide-scale implementation of electronic signature initiatives Wednesday, approving a global network set up by financial institutions worldwide to authenticate digital signatures and other aspects of e-commerce transactions Meeting in Brussels, Belgium, the European Commission gave the green lig...
DaimlerChrysler (NYSE: DCX) and Union Pacific (NYSE: UNP) announced Tuesday that they have formed a new Web-based company to track vehicle shipments from assembly plants to dealers The new company, Insight Network Logistics, is expected to save Chrysler approximately US$280 million over the next six years as a result of increased efficiencies....
One of the 2,000 employees who lost their jobs when Webvan (Nasdaq: WBVN) shut down last month has found new work, as TRW (NYSE: TRW), a US$17 billion-a-year auto parts and technology concern, named the online grocer's chief executive officer, Robert Swan, its new chief financial officer. Swan had been CEO at Webvan for about four months, taking o...
It appears there is a whole lot of window surfing going on at e-tail Web sites and not enough buying That is the conclusion to be drawn from a recent study by the NPD Group, which indicates that 84 percent of those who have purchased something online in the past six months say that while they often look at products online, they usually buy offline....
Yahoo! (Nasdaq: YHOO) said Tuesday it has reached a multiyear agreement with Sony (NYSE: SNE) that encompasses online movie marketing, e-commerce and Web site development, and leaves the door open for additional deals between the two companies. "This agreement represents a significant commitment of two industry leaders to collaborate on multiple l...
In a move that it says reflects an "aggressive focus" on growth and profitability, online brokerage Ameritrade (Nasdaq: AMTD) announced Tuesday that it has inked a deal to acquire Deutsche Bank online subsidiary National Discount Brokers (NDB) for US$154 million in common stock "It's a reasonable price they're paying," Morningstar.com analyst Harry...
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