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Vanguard Airlines (Nasdaq: VNGD) accused Orbitz late Wednesday of making false statements regarding a dispute over booking Vanguard flights, and again recommended that customers avoid using the Internet travel site On Tuesday, Orbitz said that Vanguard has colluded with other parties to protect the interests of computer reservations system Sabre (N...
Although online gambling sites have flooded the Internet in a bid to capture a portion of the potentially lucrative market, many users have hedged their bets over concerns that the sites might not be legitimate, according to a study released Wednesday by Greenfield Online Underscoring the slow adoption rate, the Wilton, Connecticut-based research f...
Aiming to expand its business with other travel suppliers, Expedia.com (Nasdaq: EXPE) announced Wednesday that it has launched the Worldwide Travel Exchange (WWTE), a private booking operation that will provide wholesale travel services. At the outset, WWTE will offer travel suppliers hotel and car rentals, with both negotiated and published rate ...
Total U.S. online spending decreased from US$3.9 billion in May to $3.2 billion in June, an 18.3 percent drop, according to a report released Wednesday by Forrester Research (Nasdaq: FORR) in conjunction with Greenfield Online Even taking the sputtering U.S. economy into account, Forrester research director James McQuivey did not expect to see this...
Maybe it's a bad self-image brought on by the hundreds of good companies strewn by the wayside. Or a belief that people will be ready one day to buy more online -- just not yet. Whatever the cause, something is holding e-commerce back from reaching its potential. Short of sending the industry to a Tony Robbins seminar, what can be done to unleash ...
This week's investment agreement between Amazon.com (Nasdaq: AMZN) and AOL Time Warner (NYSE: AOL) reportedly contains language that "leaves the door open" for a possible merger, a merger-and-acquisition attorney told the E-Commerce Times on Wednesday According to published reports, the agreement -- which calls for AOL toinvest $100 million in Amaz...
Internet travel site Orbitz took aim at one of its suppliers Tuesday, accusing Vanguard Airlines of being unresponsive and of colluding with other parties to protect the interests of Sabre (NYSE: TSG), a part-owner of Orbitz rival Travelocity.com (Nasdaq: TVLY) Trouble began brewing earlier this month when consumers experienced problems booking fli...
Although the globalization and localization (G&L) services industry has just begun making inroads with some e-commerce firms, it is already transforming the e-business economy worldwide, according to a report released Wednesday by IDC According to the research firm's survey of 20 G&L leaders, these vendorsforecast their service revenues will double...
FTD.com (Nasdaq: EFTD), which sells flowers and gifts over the Internet and by telephone, said Tuesday that strong online sales led the company to its first full-year profit and are likely to contribute to solid growth in the year ahead Internet orders accounted for about 86 percent of the company's business in the latest quarter, up from 78 percen...
Drugstore.com (Nasdaq: DSCM) on Tuesday reported a narrower than expected loss for the second quarter of 2001 tobeat Wall Street estimates by 6 U.S. cents The company posted a pro forma net loss in the latest quarter of $16.8 million, or 25 cents per share, excluding one-time charges....
With less than one-quarter of car owners visiting automobile-related Web sites on a regular basis, automakers hoping to target potential customers with online advertising must improve their understanding of their audiences, according to a study released Wednesday by Jupiter Media Metrix (Nasdaq: JMXI) and R.L. Polk & Co. "Advertising in traditiona...
In the aftermath of Amazon.com's release of its Q2 earnings report Monday, several industry analysts believe that the e-tailer can make good on its prediction of year-end profitability The consensus is that Amazon (Nasdaq: AMZN) is pulling back enough on its growth strategy to reach its goal of profitability -- at least pro forma profits -- by the ...
For those wondering why chief executive officer Jeff Bezos of Amazon (Nasdaq: AMZN) still has a smile on his face, this week's answer can be summed up three letters: AOL On Monday -- the same day the company announced second-quarter results bordering on dismal -- Amazon and America Online (NYSE: AOL) revealed a new agreement in which the giant Inte...
AOL Time Warner and Amazon. In some ways, it's a perfect match, a logical cozying-up between the biggest e-tailer and the biggest owner of virtually everything media. And at first glance, it seems like a win-win deal. But for the low, low price of US$100 million, Amazon (Nasdaq: AMZN) may have sold itself into a corner.
Although small businesses have had ample opportunity to tap a wealth of available resources designed to help them sell their products and services online, many are still sitting on the sidelines when it comes to e-commerce, according to a report released Tuesday by IDC The Framingham, Massachusetts-based research firm said that of the 5 million sma...
In separate moves, retailers Kmart (NYSE: KM) and Wal-Mart (NYSE: WMT) both said Monday they would move to bring their online units under control of their parent companies. Troy, Michigan-based Kmart announced an agreement to buy the 40 percent stake in BlueLight.com that it did not already own. Wal-Mart, meanwhile, said it has bought out the vent...
Music-swapping site Napster named Konrad Hilbers, an executive with Bertelsmann AG, its new chief executive officer Tuesday and said that his first task will be to oversee Napster's transformation into a fee-based service Hilbers takes over Napster's top spot from Hank Barry, Napster's interim CEO since May 2000. Barry, who was praised by the compa...
The Electronic Payments Association announced Monday that ATM or debit cards can be used on the Internet with transaction authentication and security that are comparable to point-of-sale purchases Also known as the National Automated Clearing House Association (NACHA), the nonprofit Electronic Payments Association concluded its "Internet Secure ATM...
When online portal CitySearch.com announced layoffs of 90 employees this month, it was billed as a cost-cutting measure designed to help the company reach its profitability goals The move, like so many similar actions by other companies this year, was blamed on the soft ad market. It is only the latest and most public announcement of the underlying...
Audio content provider Audible.com said late Monday that it will cut 35 jobs -- about 40 percent of its workforce -- as part of a plan to become cash-flow positive by the end of next year The company also said Thomas Baxter plans to resign as chief executive officer while remaining a director and a senior adviser. Founder and chairman Donald Katz w...
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