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It is not likely that the founders of the Internet ever imagined all their hard work would lead to an online bidding war for bullet casings from the set of "MissionImpossible 2." However, thanks to a live TV and Internet auction being put on by cable channel American Movie Classics (AMC) and Ibidlive on July 12th, that is exactly what's happening....
Brick-and-click retailer Office Depot (NYSE: ODP) announced Monday that is purchasing technology products vendor 4Sure.com and the businesses of its two online outlets, Computers4Sure.com and Solutions4Sure.com, for an undisclosed amount Delray Beach, Florida-based Office Depot, which has taken a number of steps in recent months to augment its onli...
Online grocer Webvan (Nasdaq: WBVN) said Monday it has ceased operations in all its markets and will file for bankruptcy protection "The company has no plans to resume operations, and it will pursue an orderly wind-down of its operations and sale of its assets and business," Webvan said....
Travelocity.com (Nasdaq: TVLY) announced Monday that it has acquired WhereTo, an Australian provider of online travel systems. Travelocity plans to integrate WhereTo's technology, which includes engines that facilitate the booking of fares, into its own site. According to Travelocity, the integration will allow the company to more efficiently mana...
Luxury gift e-tailer Ashford.com (Nasdaq: ASFD) said Monday it has struck a partnership with eBay (Nasdaq: EBAY) that will enable it to sell leftover and closeout merchandise on the auction site. Houston, Texas-based Ashford, which now specializes in jewelry, watches and other luxury items for the corporate gift and rewards program markets, will s...
Someday, in the afterlife, Napoleon Bonaparte, Douglas MacArthur and other military legends will gather around chief executive officer Jeff Bezos of Amazon.com (Nasdaq: AMZN) and congratulate Bezos on his battlefield tactics. For e-commerce has never known a more cunning general. Actually, to call Amazon's latest bait-and-switch move in offering a...
A controversial free shipping offer that generated significant customer backlash has been pulled by Amazon.com (Nasdaq: AMZN) after two weeks The offer, which promised visitors free shipping when they bought two or more items, in any combination, from the e-tailer's book, music, DVD or video stores, was part of a test run that was scheduled to end ...
Even when a dot-com's departure is less than momentous in the eyes of the general public, the exit can signal a change in direction for electronic commerce Take, for example, the case of Bank One, which announced last week that it is going to integrate its pure-play Internet bank Wingspan into its other Internet initiatives. When the decision was a...
The self-proclaimed "Saint of E-Commerce," a 19-year-old Welsh teenage hacker named Raphael Gray, was sentenced Friday in a Wales court to threeyears of psychiatric and community service rehabilitation for posting thehacked credit card details of thousands of people to the Web, according to reports in the London Register Gray, who also went by the ...
Online travel company Expedia.com (Nasdaq: EXPE) was slapped Thursday with another in what has become a series of class action lawsuits against the company alleging violations of federal securities laws The latest complaint contends that Expedia, its president and chief executive officer Richard N. Barton, chief financial officer Gregory S. Stanger...
Online grocer Webvan (Nasdaq: WBVN) will hold its third asset auction early next month, selling off US$30 million worth of equipment used to service the Altanta, Georgia market it departed earlier this year. The auction, scheduled for August 7th and 8th, is the latest bid by Foster City, California-based Webvan to raise some of the estimated $25 m...
Amazon.com (Nasdaq: AMZN) expanded its reach into brick-and-mortar stores overseas with its announcement Wednesday that its British arm, Amazon.co.uk, has teamed up with European mobile phone provider Carphone Warehouse to offer customers pre-paid phones online. According to Carphone Warehouse, the deal is the first brick-and-mortar partnership fo...
It was only a matter of time. One of the first questions posed by analysts during a conference call to discuss the takeover of HotJobs by Monster.com parent company TMP Worldwide was the antitrust question. The answer came swiftly and without qualification: TMP expects its takeover to sail through regulatory approval without any hitches.
Defunct e-tailer eToys became the latest company that will have to face off against shareholders in court, as investors filed a class action lawsuit alleging that the former online toy seller's initial public offering (IPO) prospectus was "materially false and misleading." Specifically, the suit charges that a portion of the e-tailer's IPO registra...
Despite being in the grips of a regional shakeout of its own, Asian business-to-consumer (B2C) e-commerce is growing at a rate of 100 percent a year, according to a report released Thursday by the Boston Consulting Group. Dot-coms continue to fall by the wayside in Asia, BCG reported, but established companies are fueling e-commerce growth in the ...
More than 20 million Europeans visited business and finance sites from their homes in May, according to research released Wednesday by Jupiter MMXI. The Internet research firm said that most Internet banking and finance consumers were visiting local brands offering online banking, financial information, online share trading and insurance services....
Internet consultant Organic (Nasdaq: OGNC) has joined the growing list of former dot-com high fliers facing a Nasdaq delisting Late Tuesday, the San Francisco, California-based company said it is seekinga hearing from a Nasdaq panel to avoid delisting. Organic shares have not traded at the Nasdaq's minimum bid price requirement of US$1 per share si...
News item: A startup-up Internet pure-play retailer announces it is giving away 10 bucks to every customer who shops at its site. A story from mid-1999? Guess again. This item is from a week ago. Right in the middle of 2001 So is the purveyor of this promotion some kind of e-commerce Rip Van Winkle, just kicking off the sheets after a nap of severa...
Staples (Nasdaq: SPLS) is proceeding with plans to buy back its online unit and fold it into itstraditional retail operations, after agreeing to settle a suit with shareholders who alleged that company managers would reap unfair profits from the deal As part of the settlement announced late Monday, Staples said it willprovide shareholders with more...
The U.S. Federal Trade Commission (FTC) announced Monday that Netpliance (Nasdaq: NPLI), which manufactures a low-cost Internet access and e-mail device, has agreed to settle charges that its sales and billing practices violated a host of federal laws According to the agency, Netpliance employed deceptive advertising tactics when pitching its "i-op...
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