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The U.S. Federal Bureau of Investigation (FBI) issued an advisory Thursday warning that several organized hacker groups, operating out of Eastern European hubs, have stolen proprietary information from hundreds of e-commerce and online banking sites, including customer databases and more than one million credit card numbers The FBI -- which is coor...
Car e-tailer Autoweb.com (Nasdaq: AWEB) moved up on the dot-com critical list Thursday with the announcement that it has hired a financial advisor to explore its options, while it fights to avoid delisting from the Nasdaq stock exchange. Autoweb said it was notified last week that it faces delisting because it has been unable to sustain a stock pr...
In a bid to gain a bigger share of the online travel market, both Priceline (Nasdaq: PCLN) and Travelocity (Nasdaq: TVLY) unveiled new initiatives Thursday "Name-your-price" e-tailer Priceline said it is now offering last-minute deals on hotel accommodations and airfare to appeal to spur-of-the-moment leisure travelers.
Yahoo! announced Wednesday that it will replace Tim Koogle as chief executive officer and that it is lowering its guidance for the first quarter ending March 31st Koogle will stay on as chairman, the company said....
Idealab!, the dot-com incubator behind eToys, CarsDirect and Petsmart.com, said Wednesday that it is moving some of its Silicon Valley functions to the company's Pasadena, California headquarters. The move may result in a number of job cuts over the next few months "Wherever possible, Idealab! Silicon Valley's 33 employees will be given theopportun...
Lately, it seems like Internet companies are tripping over each other in a rush to do good deeds. Amazon.com has decided to use an AIDS benefit CD to test out its new micropayment collection system.
German automaker Adam Opel, a subsidiary of General Motors (NYSE: GM),announced Wednesday that it is launching a pilot program tosell cars over the Internet at a discount The pilot project is slated to run from March 10th through July31th and will offer six models at discounts of up to 11 percentoff listed prices. The selected cars will range in pr...
While Amazon.com (Nasdaq: AMZN) has maintained its official silence on a rumored partnership with Wal-Mart (NYSE: WMT), a top Amazon executive said Wednesday the e-tailer is interested in linking with brick-and-mortar stores. Amazon chief financial officer Warren Jenson reportedly told analysts gathered at the Merrill Lynch U.S. Internet Conferenc...
Online business-to-business (B2B) deals comprised 90 percent of all onlinesales in 1999, accounting for a "remarkably large share" ofoverall e-commerce activity, according to datareleased Wednesday by the U.S. Department of Commerce. According to the government office, the statistics for 1999, atouchstone year for the Internet's subsequent hypergr...
Perhaps the tone for eToys' imminent farewell from e-commerce was set in February, when the online retailer specifically warned investors that its own stock was "worthless." Forget about defiant last words. Forget about "if only" or "should have" disclaimers....
Maybe there's truth to the published rumors that Amazon andWal-Mart are engaged in some type of partnership talks, but there is no comment coming from the Great Northwest about it. Maybe the public relations spin machine was put out of commission by the earthquakethat hit Seattle, Washington last week. Or maybe everyone in Amazon's headquarters is...
Online payment service PayPal announced Tuesday that it has closed on a US$90 million round of equity financing and now plans to work with its partners to expand its services internationally The Series D investment round, which closed on February 16th, included reputable banks from around the world, such as Spanish bank Bankinter, Providian Financi...
JDS Uniphase (Nasdaq: JDSU) fell 75 U.S. cents to $27.25 in morning trading Wednesday, after lowering, for the second time, sales and earnings estimates for the quarter ending March 31st JDS, a maker of fiber-optic components, said in a filing with the U.S. Securities and Exchange Commission that the lowered outlook "reflects continued uncertainty ...
Two days after cutting 12 percent of its workforce, computer and software e-tailer Egghead.com (Nasdaq: EGGS) said it had secured US$20 million from IBM's commercial financing wing. Egghead said Wednesday that the loan from IBM Global Financing was secured with its inventory, accounts receivable and other assets and will help inch Egghead toward t...
Despite widespread consumer fears about online credit card fraud, the No. 1 scam on the Internet is Web auction fraud, according to a report released Tuesday by the U.S. Federal Bureau of Investigation (FBI) and the National White Collar Crime Center Internet auction fraud was the problem in 64 percent of the complaints filed with the government's ...
PurchasePro rose US$1.19 to $11.44 inmorning trading Wednesday, after the e-commerce company said it is"on track" to meet its financial targets for the year PurchasePro said it was "responding to numerous investor and mediainquiries" after its announcement of the acquisition of BayBuilder, atechnology services company, for $15 million in stock and ...
While many e-tailers beef up their sites with a host of technologicalbells and whistles to lure online customers, a studyreleased Tuesday by PricewaterhouseCoopers found that most of the new features do little to turn site visitors into buyers "The features that are most likely to increase the likelihood that an onlineshopper will make an online pu...
Southwest Airlines confirmed Monday that it has stopped offering its flights through online travel company Travelocity (Nasdaq: TVLY) -- the second jolt to Travelocity's operations in less than a week On March 1st, Northwest Airlines and KLM Royal Dutch Airlines stopped paying commissions on Internet ticket sales in the United States and Canada.
Maybe there are people out there aching to check their retirement accounts while sitting in freeway traffic. Multitasking is a must, especially in decidedly less exuberant times, so maybe in-car Internet will catch on I prefer sports radio, always will. It requires much less thought and besides, being in the car is one of the few times when we ever...
Consumers spent US$3 billion online in January -- less than half of the $6.1 billion spent online in December -- according to numbers released Monday by the National Retail Federation (NRF) and Forrester Research. "The 50 percent decline in online consumer spending in January is exactly what we would expect of the post-holiday season -- not a refl...
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