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One week after the U.S. Federal Bureau of Investigation (FBI) named auction fraud as the most common Internet scam, Web auctioneer Liquidprice.com proposed Tuesday that the industry move quickly to regulate itself. Calling some kind of industry regulation "inevitable," Piyush Gupta, the chief executive officer of the Santa Clara, California-based ...
The Web sites are fancy, and the merchandise is nicely arranged with descriptions telling you exactly what your hard-earned money will buy, but these e-tailers aren't selling books or blenders They're virtual brothels, offering sex for sale. In this special report, the E-Commerce Times takes a look at the oldest profession as it moves into the New ...
Video game giants Nintendo of America and Electronic Arts announced Monday that they would drop a trademark and copyright infringement lawsuit against Yahoo!. The three companies also pledged to work together to prevent the sale of counterfeit video game products through Yahoo! Auctions and Yahoo! Classifieds.
By most accounts, last year's holiday season was an encouraging time for e-tailers, especially those Web sites that managed to make gift buying hassle-free.With the exception of online clothing merchants. For some reason, American consumers still can't see their way clear to buy clothes on the Internet. In fact, according to Accenture, 80 percent ...
Amid relentless news coverage of the difficulties e-commerce firms have faced in reaching profitability, a study released Tuesday by ActivMedia Research found that half of online business-to-consumer (B2C) companies are bucking the current market downturn and operating in the black E-tailers that are managing to turn a profit in the face of the dot...
Motorola (NYSE: MOT) rose to US$15.19, up 19 cents, in morning trading Tuesday after the company said it will cut about 7,000 more jobs in an effort to reduce costs in its wireless handset business The new job cuts, which will affect all locations of the business, bring the total number of cuts in the Schaumburg, Illinois, company's personal commun...
The U.S. Securities and Exchange Commission (SEC) announced Monday that it has filed suit against a Florida Internet company, Families On Line (FOL) and two executives for allegedly bilking Christian investors out of almost US$4 million. The suit, which was filed in a Miami federal court Friday, alleges that Mark Thurman, FOL's chief executive off...
Seeking to beef up its auction offerings in the face of declining listings, Yahoo! (Nasdaq: YHOO) said Tuesday that it had forged an alliance with reverse auction provider eWanted.com. The partnership will give Yahoo! Auctions users access to eWanted's offerings, which include both fixed-price business-to-consumer (B2C) sales as well as reverse au...
PSINet (Nasdaq: PSIX) fell 28 U.S. cents to 72cents in morning trading Tuesday, after the company said that it will need torestructure some of its debt or face the possibility of default The Ashburn, Virginia-based Internet services company said that it agreed to sellits PSINet Transaction Solutions business to an investment group led by GTCRGolder...
With the deadline for filing U.S. tax returns barely a month away, Intuit and H&R Block have shown no sign of abandoning their dominant status in the online tax preparation and filing sector However, despite battling to a certain extent for control of the same consumers in a specialized market, each of the Internet tax powerhouses has also been abl...
As the high-tech sector continues to take a battering on Wall Street, Amazon.com founder and chief executiveofficer Jeff Bezos is reportedly warning investors to steer clear ofInternet stocks In an interview with BBC television that is scheduled to air in the United Kingdom Wednesday, Bezos described the e-tail giant's stock as "volatile," accordin...
Online grocer Peapod (Nasdaq: PPOD) stopped servicing the San Francisco market on Sunday, transferring its customer base to onetime rival Webvan (Nasdaq: WBVN). Peapod said it will turn its attention to its core markets in the Eastern U.S., where its majority owner Royal Ahold has a strong brick-and-mortar grocery store presence.
They say that for the one-year anniversary, paper is the appropriate gift For the one-year anniversary of the Nasdaq Composite Index's all-time high, the almost unavoidable choice is a loss on paper....
So it turns out that amid all the teeth-gnashing about the future of e-commerce, business-to-business (B2B) online sales were cooking right along. In fact B2B sales made up 90 percent of all online transactions during 1999, according to a new report from the U.S. Department of Commerce.
My first story about Orbitz, the multi-airline mega-site that promised to revolutionize the way Internet users make travel reservations, appeared almost two years ago -- before the site even had a name. T2 (aka Travelocity Terminator) was the working title Now it has a name, but no functionality. Go figure....
No matter what industry you're involved in, here's something you don't want to hear: well-respected analysts saying that your industry will survive long-term, but that you won't be around to enjoy it Now, if you're merely a bystander, if you've got a bet going with a friend that Web-based delivery services -- that is, companies that deliver whateve...
With nearly 300 shopping days left until Christmas, it is certainly too early to start fretting over e-commerce's annual rite of passage, the holiday shopping season. Instead, one might do well to take some time exploring the Internet's least likely stocking stuffers. After all, even amid the dot-com shakeout, the wild side of e-commerce seethes o...
Federal prosecutors issued an indictment on Friday against three eBay usersfor self-bidding on their own art auctions in an attempt to spike bidprices. The indictment alleges that the three men used 40 different names on eBay to place over 50 false bids on paintings they auctioned online from November 1998 to June 2000, including afake Richard Die...
Cisco Systems (Nasdaq: CSCO) fell US$1.89 to $20.94 in morning trading Friday following reports that thenetworking-equipment maker plans to cut 5 percent of its workforce The cuts are a reaction to slumping sales caused by a drop in demand for thecompany's products, news reports said. Cisco and other equipment makers havebeen hurt in recent months ...
An Amazon.com (Nasdaq: AMZN) spokesperson told the E-Commerce Times on Friday that the e-tail giant has not been notified of a reported U.S. Securities and Exchange Commission (SEC) investigation questioning stock sales made by Amazon chairman and chief executive officer Jeff Bezos Earlier, the New York Times, citing "a person close to the matter,"...
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