- Welcome Guest
- Sign In
- Welcome Guest
- Sign In
Ever-changing e-tailer Kozmo said Monday it will abandon a US$150 million plan to install video drop-off boxes in hundreds of Starbucks (Nasdaq: SBUX) coffee shops across the United States. Kozmo spokesperson Stephanie Cohen Glass told the E-Commerce Times that the five-year agreement, announced in February 2000, had been based on Kozmo's aggressi...
HotJobs.com (Nasdaq: HOTJ) fell 16 U.S. cents to $5.34 in morning trading Tuesday, after the Internet recruitingcompany said it has cut 15 percent of its workforce since the start of the year The New York-based company said it will take a $2.5 million to $3million charge to first-quarter earnings to cover the job cuts....
The U.S. Customs Service and the Moscow City Police cooperated to shut down a Moscow-based website called Blue Orchid that was selling child pornography, the agency said Monday As a result of the investigation, 15 arrest warrants were executed in the U.S., and four Americans and five Russians were arrested, Customs said. The agency also said that t...
Vitesse Semiconductor (Nasdaq: VTSS) fell US$4.44 to $29.50 in morning trading Tuesday, after the company reduced itsoutlook for the current fiscal quarter for the second time this month Reports of downgrades at Credit Suisse First Boston and UBS Paine Webberhelped fuel the decline....
Retail banking firms in the UK looking to ramp up theire-commerce operations will need to organize theirfinancial services around PC-based transactions and account management, according to a study released Monday by ForresterResearch Because of the PC focus, Forrester said other banking access points,including brick-and-mortar branches, will increa...
Consumer confidence in e-commerce took center stage Friday and Saturday when the European Commission (EC) met in Stockholm, Sweden to discuss the "eEurope 2002 Action Plan." Acknowledging that "business and citizens in the European Union have been slower in embracing this New Economy than [those] in the United States," the EC said that e-commerce i...
Cisco fell 69 U.S. cents to $18 in morning trading Monday, after the company's chief executive officer reportedly said that he expects the U.S. economy to remain in a slump for at least three more quarters John Chambers, in an interview with the Financial Times, said that the outlook has gotten worse since January, when the networking equipment mak...
Conexant Systems (Nasdaq: CNXT) fell to US$10.94 in morning trading Monday, down 19 cents, after the communications chipmaker warned that continued weak demand and inventory overhang would result in a weaker-than-expected second fiscal quarter The Newport Beach, California-based company also said it would cut 20 percent of its workforce and cut top...
LSI Logic (NYSE: LSI) fell US$1.77 to$18.92 in morning trading Monday, after the company, which makes integratedcircuits and storage systems, said it agreed to acquire communicationsprocessor maker C-Cube Microsystems forstock worth about $878 million C-Cube shares jumped on the news, rising $5.56 to $14.38 by midmorning....
One week after cutting 40 percent of its workforce, Homes.com filed for bankruptcy protection Friday The bankruptcy filing came almost a year to the day after Homes.com garnered US$38.5 million in funding from some of the best-known venture capitalists in Silicon Valley.
Just when you may have believed Hugh Hefner was fading from the public consciousness, here comes the news that the 75-year-old founder of Playboy Magazine will launch a major online casino by the end of this year The report comes as no surprise to those who have followed the success story of Playboy Enterprises, but this time there's a catch. Playb...
When it comes to the Web, groceries are one thing, and not a verypromising one at that. But what about prepared foods? It's possible that your corner pizza store could be quietly writing an e-commerce success story In fact, hundreds of pizza shops are using the Web effectively. Some are going it alone, but many are using a Chicago, Illinois-based f...
Already reeling from the plummet in online advertising revenue, the major Internet portals are busy answering another question posed by their Web merchant partners: Are portals still able to turn Web surfers into Web shoppers? A study released this month by Consumer Reports Online found that portals are no longer efficiently transforming Internet ...
In another blow for the viability of high-ticket item online auctions, the hyped live bidding of an exclusive set of Marilyn Monroe nudephotographs on eBay ended without a sale Thursday evening "Of course we're disappointed that the featured items did not meet thereserves, but that's the nature of the auction business," eBay spokesperson Kevin Purs...
Motorola (NYSE: MOT) rose 22 U.S. cents to $15.90 in morning trading Friday after the company said that it plans to cut approximately 4,000 jobs in its networks businesses The Schaumburg, Illinois semiconductor maker said that it expects charges tofirst- and second-quarter earnings to cover the layoffs, which will affect Motorola's commercial, tele...
The Pennsylvania Attorney General's office filed suit against a brick-and-click computer retailer Thursday for allegedly selling thousands of computer systems to U.S. consumers while failing to deliver the products ordered. The suit, filed in Commonwealth Court in Pennsylvania, also maintains that Computer Personalities Systems of Buck County and ...
Financier Carl Icahn said Thursday he is ready to put up US$400 million to help his discount travel Web site Lowestfare.com buy or build its own airline "The business and last minute leisure traveler has been forced by the major airlines to pay inordinately high prices," said Icahn, chairman of Lowestfare. "There has never been a greater opportunit...
WebMD (Nasdaq: HLTH) rose 67 U.S. cents to$6.50 Friday morning, after the company reported quarterly results thattopped expectations and said that it is on track to reach a profit, before charges, by the end of this year Analysts at SG Cowen reportedly upgraded WebMD shares to strong buy from buy after the report....
Internet retailers using strategic pricing for the Web are more likely to attain long-term success, according to a study released Wednesday by McKinsey & Company. "Improved pricing represents a large and as-yet untapped opportunity for pure plays and for traditional offline companies that have ventured onto the Internet," said McKinsey analyst Wal...
The news that a Brooklyn, New York busboy allegedly stole the identities of nearly 200 of America's most rich and famous people, bilking them for millions of dollars with information gleaned via free Internet access at local libraries, is a signal that the personal data stored on the Internet remains a breeding ground for credit card crime -- despite all assurances to the contrary...
Loading ...
