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Consumer electronics e-tailer Outpost.com (Nasdaq: COOL) announced late Friday that it has pink-slipped 110 employees, or 30 percent of its workforce, and appointed a new top executive to sharpen its business objectives Outpost founder and chairman Darryl Peck was named president and chief executive officer, replacing Katherine Vick. Vick originall...
Yahoo! (Nasdaq: YHOO) said Friday that it is removing pornographic material from its shopping, auction and classified sections, namely adult-related videos and DVDs being sold by merchants on the giant portal. The announcement came three days after Yahoo! confirmed that it was venturing further into the tainted but extremely lucrative world of onl...
As we comb through the dot-com rubble, we come across a lot of failed e-commerce companies that had everything going for them but nevertheless missed the mark. They faced bad timing. Bad management. Bad luck. Some combination of the three. And then there are all the dot-com ideas that never should have gotten boatloads of venture capital in the fi...
Change is in the air, and that is good news for e-commerce. Internet-based selling is about to start Act II. You remember Act I -- the era when e-tailers were going to change the world? After the curtain came down on Act I, assorted naysayers hobnobbed smugly about the foolhardiness of trying to force consumers to adopt e-shopping....
Online grocer Webvan (Nasdaq: WBVN) announced late Friday that chairman and chief executive officer George T. Shaheen has resigned Robert Swan, chief operating officer of Foster City, California-based Webvan, will lead the company until Webvan's board of directors appoints Shaheen's successor, the company said....
With the first 100 days of his presidency coming to a close at the end of this month, President George W. Bush has yet to articulate a formal e-commerce strategy. As a result, there is some disagreement among experts on how much Bush will help the industry Forrester Research group director John McCarthy told the E-Commerce Times that e-commerce wou...
Online retailer Buy.com (Nasdaq: BUYX) announced Thursday that two members of its board of directors, both representing the venture capital arm of Tokyo-based Softbank, are leaving the struggling e-tailer The departures of Softbank's William L. Burnham and Scott Russell leave four seats open on the Buy.com board. Jonathan Firestone, a former presid...
Troubled Internet consultancy MarchFirst (Nasdaq: MRCH) filed for Chapter 11 bankruptcy protection on Thursday The filing comes little more than a week after the company laid off 1,700 employees, sold a slew of assets to rival Divine, and acknowledged that had "significant liquidity difficulties."
In a bid to weather the harsh stock market climate that is currentlybattering online brokerage houses, Ameritrade (Nasdaq: AMTD) announcedThursday that it is slashing its advertising budget by roughly 25 percent andpink-slipping between 270 to 300 workers, or 14 percent of its payroll The Omaha, Nebraska-based firm, which previously said this round...
Consumer electronics e-tailer Outpost.com (Nasdaq: COOL) reported a fourth quarter 2001 loss Thursday and said that it is considering a number of cost-cutting measures, as well as strategic alternatives Outpost's stock lost more than 40 percent of its value Thursday, trading down 13 cents to 19 cents.
The decision by urban-delivery pioneer Kozmo to abruptly shut down came after a frantic but failed attempt to find as little as US$3 million to sustain limited operations, according to a report published Friday. The VentureWire newsletter reported that Kozmo executives spent most of the past week working the phones and pounding the pavement around...
Online delivery service Kozmo abruptly announced that it is shutting down Wednesday after nearly three years in business, leaving 1,100 people out of work in nine U.S. cities. Kozmo said the shutdown was effective late Wednesday and that all but a handful of employees, who would be kept on to help close down the company, would be fired immediately...
Internet giant Yahoo! (Nasdaq: YHOO) announced after the markets closed Wednesday that it had met its own scaled-down expectations for the first quarter of 2001, but planned to lay off 12 percent of its workforce. The company also said that it expected a loss for the second quarter The layoffs will affect approximately 420 of Yahoo's 3,510 employee...
Privacy watchdog group TRUSTe issued guidelines Wednesday designed to address the issue of what happens to consumer information when a dot-com shuts down or merges with another company Currently in draft form, the guidelines say that the privacy policies instituted when a dot-com is in business must be followed when they are going out of business.
An elaborate Internet scam involving fake banking documents worth approximatelyUS$3.9 billion has been shut down by the International Chamber of Commerce (ICC), London-based ICC Commercial Crime Services announced Wednesday According to the ICC, the fraud involved the use of fake European bankingguarantees on at least 29 different Web sites that co...
Businesses in Latin America are beginning to tap theire-commerce potential, according to data released Wednesday by the Yankee Group. The report, "Latin America'sE-Builders," found that corporations throughout the region are investing an average US$1.2 millionper project for Web development and online business ventures....
News stories about dot-com layoffs and closures have so frequently stormed the business pages that many have become numb to the downside of e-commerce -- and have even stopped thinking about what to do about the decline We read so much about cash shortages and sluggish sales that news of yet another closing hardly causes a blip on the radar screen....
Scient (Nasdaq: SCNT) fell 50 U.S. cents to $1 in morning trading Thursday, after the Internet consulting company lowered expectations for the quarter ended in March and said it will cut at least 675 jobs "The economic environment remains extremely challenging," chairman and chief executive officer Bob Howe said. "Our large enterprise clients conti...
LSI Logic (NYSE: LSI) was down 71 U.S. cents to $17 in morning trading Thursday, after announcing plans to close amanufacturing plant in Colorado Springs, Colorado, a move that will put approximately 500 people out of work LSI said the move reflects "the adverse economic climate and the widespreadinventory correction in worldwide communications and...
Internet behemoth Amazon (Nasdaq: AMZN) and brick-and-click bookseller Borders Group (NYSE: BGP) announced Wednesday that Amazon will take over Borders' online operations The companies said that the Borders.com site will re-launch as a co-branded Amazon site in August. The new site will combine the selection of books, music, videos and DVDs current...
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