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Northwest Airlines and KLM Royal Dutch Airlines said Wednesday that effective March 1st, they will no longer pay commissions on Internet ticket sales in the United States and Canada. In response, the online travel company Travelocity (Nasdaq: TVLY) said that it would begin charging $10 service fees on tickets for Northwest Airlines and KLM.
Georgia and Texas are among the U.S. states grappling with the issue of Internet alcohol sales, after a federal law went into effect last month giving states more control over alcoholic shipments to consumers in their states The Georgia State Senate approved a bill Tuesday that would regulate the delivery of alcohol sold by e-tailers, while battle ...
Hours after firing half its staff Wednesday, beleaguered e-tailer Buy.com (Nasdaq: BUYX) announced it had filed a US$45 million breach of contract lawsuit against golf's PGA Tour. Buy.com's suit, filed in a Los Angeles federal court, arises out of the golfing organization's decision to sign an agreement with USA Networks on February 14th calling f...
After rejecting three takeover attempts in recent months, Fashionmall.com (Nasdaq: FASH) said Wednesday it had closed on three acquisitions of its own. New York City-based Fashionmall said it purchased the assets of Beautyjungle.com, MXGonline.com and Itsybits.com. All three sites are in the beauty and fashion sector.
Royal Ahold, the parent company of online grocer Peapod, has infused the struggling e-tailer with an additional US$30 million in financing, Peapod announced Wednesday. The new funding increases Ahold's original $20 millioncredit facility with Peapod to $50 million, Peapod said, leaving the e-tailer with more than $60 million in cash resources to r...
Analysts disagree on whether Tuesday's downbeat economic news, including a reported drop in consumer confidence to its lowest level in nearly five years, is likely to drag down e-commerce spending levels The Conference Board (TCB) reported that its Consumer Confidence Index fell in February for the fifth consecutive month and now stands at 106.8, i...
For the first time in eight months, the dot-com layoff trend appears to beslowing, falling 9 percent in February, according to a report released Tuesday by the job placement firmof Challenger, Gray and Christmas Over the past three months, nearly 35,000 Internet workers have been let go -- 12 percent more layoffs than occurred in the preceding 12 m...
First, a little interactive quiz. And don't worry, there are no wrong answers. Just fill in this blank: What the e-commerce world needs now is ________. There are myriad possible answers. Respect. A new way of getting products from warehouse to doorstep. More customers. Another killer application. A stock market that doesn't make you cry....
Amazon.com (Nasdaq: AMZN) stepped into the online music download arena Wednesday, launching a music community that will allow users to transfer songs for free and make voluntary micropayments to artists or charities via a "Virtual Tip Jar." The move gives Amazon an opportunity to test-drive its micropayment technology. Amazon reportedly might expa...
Beleaguered e-tailer Buy.com (Nasdaq: BUYX) announced Wednesday that it is eliminating approximately 125 positions -- more than half of its 230-person staff -- in a bid to conserve cash The Aliso Viejo, California-based company said the job cuts, and a plan to significantly reduce expenses related to "certain outsourced services," would cut the com...
Long-struggling Internet retailer eToys (Nasdaq: ETYS) announced Monday that it will file for protection under U.S. bankruptcy law within the next five to 10 days The Los Angeles, California-based company said it concluded that "under any scenario," its outstanding liabilities of approximately US$274 million would "substantially exceed" the value o...
According to published reports, Internet service provider Microsoft Networkis considering charging users access fees for select content provided via its UK Web portal within the next year The plan is yet another signal that portal accessfees on sites such as MSN and Yahoo! are just around the corner, as those companies try to defuse the ongoing slu...
Call it the voice of desperation When asked by a local television station how to account for gross-receipt tax decreases in his city, Albuquerque, New Mexico mayor Jim Baca said, "That's really attributable to a couple things. One is Internet sales, which are not taxed."
JDS Uniphase (Nasdaq: JDSU) fellUS$2.81 to $29.81 in morning trading Tuesday after announcing 3,000 layoffs JDS, an Ottawa, Ontario-based maker of fiber-optic components, said most ofthe cuts will cover manufacturing jobs in San Jose, California and Nepean,Ontario.
JDS Uniphase (Nasdaq: JDSU) fellUS$2.81 to $29.81 in morning trading Tuesday after announcing 3,000 layoffs JDS, an Ottawa, Ontario-based maker of fiber-optic components, said most ofthe cuts will cover manufacturing jobs in San Jose, California and Nepean,Ontario.
Sabre Holding Corporation (NYSE: TSG) rolled out a point-of-sale Web portal for travel agencies Tuesday that integrates Sabre's database of travel services with Internet content The new product, eVoya Webtop, will make it easier for traditional travel agents who use the Sabre reservation system to "compete and win in the e-commerce world," Sabre sa...
America Online (NYSE: AOL) said Tuesday that it has inked a partnership deal with Loudcloud, the company co-founded by Netscape co-creator Marc Andreessen, aimed at providing e-commerce services to merchants. Under the agreement, Loudcloud will host and manage AOL's range of merchant services, including its QuickCheckout online wallet program.
i2 Technologies (Nasdaq: ITWO) fell US$4.13 to$31.38 in morning trading Tuesday after reports said the software maker waspartly responsible for problems at footwear company Nike (NYSE: NKE) In addition, Goldman Sachs was said to have cut earnings expectations fori2, along with other software developers....
Aspect Communications (Nasdaq: ASPT)dropped US$1.69 to $11.31 in trading Tuesday morning, as the customer relationshipmanagement company said it would cut its workforce by 160 people, or 6percent San Jose, California-based Aspect said that the move -- part of a"continuing effort to optimize operations" -- would result in a charge of $4million to $6...
Layoffs. Consolidations. Tumbling stock prices. When will the madness end? According to industry analysts, the dot-com shakeout is going to get much worse before it gets better -- and it won't be getting better anytime soon. More shutdowns and layoffs lie in wait for the online world....
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