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In a bid to increase its international market share, eBay (Nasdaq: EBAY) announced late Wednesday that it has signed an agreement to purchase European online auctioneer iBazar S.A. in an all-stock deal estimated to be worth up to US$112 million "This deal is a tremendous step forward for eBay," said eBay president and chief executive officer Meg Wh...
Illustrating the extent of evolution that online business is facing, a report released Wednesday by IDC found that the number of private corporate Web portals might eventually surpass the number accessible by the public via the Internet "There are only so many portals that are going to make it in the consumer domain and the shakeout is going to con...
It seemed like the perfect solution for overworked, time-deprived 21st century consumers -- online grocers to the rescue Even a year ago, the revolutionary prospect of selling perishables and food online held promise.
Dot-coms don't need unions. In fact, there are few sectors in the modern economy that do any more. As if to prove a point, e-commerce companies saddled with the potential burden of carrying union employees on their backs are getting shoved into the shakeout blender even faster than their non-union counterparts....
Sun Microsystems (Nasdaq: SUNW) was downUS$1.81 at $20.44 Wednesday morning following reports that Merrill Lynch &Co. downgraded the stock, because of concerns that the slowing economy couldhurt demand for Sun's products Merrill analyst Thomas Kraemer reportedly downgraded the Palo Alto,California-based software maker to neutral from accumulate, sa...
General Motors(NYSE: GM) announced Wednesday that it has inked a deal with Autobytel.com to test an online shopping system that will show consumers which cars are available for purchase in their area. GM said the trial run, which is slated to begin May 1st and run for 90 days,will provide the company and its dealers with a blueprint for creating a...
VA Linux Systems (Nasdaq: LNUX) fell US$1.59 to $5.66 in morning trading Wednesday, after the software makerreported a loss for the fiscal second quarter and announced a plannedrestructuring -- including approximately 139 job cuts and a charge to third-quarter results Chief executive officer Larry Augustin blamed the weak results on "theoverall eco...
BlueLight.com unveiled a new online shopping reward program Wednesday that will provide free Internet access to its online shoppers. Starting March 1st, BlueLight will offer shoppers the opportunity to get free monthly Internet service as a reward for buying products through its shopping site. The service is aimed both at new users and the 6 milli...
Raising questions about the Internet's ability to sell tickets to major international events, technical problems on the official site of soccer's 2002 World Cup have left fans in the co-host countries of Japan and Korea unable to order tickets online for the championship of the world's most popular sport The monetary stakes are high: nearly 3 milli...
Home delivery of groceries and other sundries ordered online will endure, according to industry observers, but some leading Internet providers might not, unless they can adapt to marketplace demands and find offline partnerships to become profitable Yankee Group analyst Christine Loeber told the E-Commerce Times that the business models of two of t...
FairMarket (Nasdaq: FAIM) rose to US$2.41, up 53 cents, after the company, which provides so-called "dynamic pricing"services to retailers, said its clients will be able to sell their waresdirectly over the eBay marketplace FairMarket said the deal will let merchants, manufacturers anddistributors "efficiently list, manage and transact sales throug...
Kana Communications (Nasdaq: KANA) was at US$4.06 in morning trading Tuesday, up 9 cents, after the company saida division of German communications firm Bertelsmann will use Kana's technology as the "backbone" of its U.S. customer service centers Bertelsmann Services, a $900 million customer-service outsourcing division of the media giant that owns...
Internet delivery service Webvan (Nasdaq: WBVN)announced Tuesday that it is exiting the Dallas, Texas market in a bid to conservecapital and bring its other regional areas of operation to profitability The Foster City, California-based company also said that approximately 220workers will be laid off as a result of the closure....
Breakaway Solutions (Nasdaq: BWAY)traded Tuesday morning at US$1.28, up 16 cents, after the company said itreceived $33 million in financing to help it continue its push towardprofitability The company said it has already received $3 million of the equity financing,with the remainder subject to shareholder approval and other conditions. Thelenders ...
Online scam artists contributed to a 50 percent increase in credit card fraud in the European Union (EU) last year, ringing up US$553 million in illegal transactions, according to numbers released by the European Commission (EC) on Monday To stem the tide, the EC has launched an ambitious three-year "Action Plan" meant to reduce "the growing proble...
Amazon.com chief executive officer Jeff Bezos sold about 1 percent of his personal stock holdings just before the release of a blistering analyst report that Amazon had advance access to, according to a newspaper report Bezos informed the U.S. Securities and Exchange Commission (SEC) in early February of his intention to sell about 800,000 shares o...
Amid labor strife at well-known e-tailers Amazon.com and Webvan, another target of unionization in the dot-com world, consumer electronics site Etown, announced this week that it was laying off its entire staff of around 100 employees and closing down its Web site operations. The news only adds to the number of industry observers asking this ques...
There is a popular perception that eBay is sitting pretty in the auction world, all but untouchable by its many rivals. However, fissures are beginning to form. eBay's empire may not be as solid as it seems.
Novell (Nasdaq: NOVL) was at US$7.53 in morning trading Friday, down 47 cents, following reports that the software maker expects a big drop in revenue for the year The Provo, Utah-based company also reported a net loss for the first quarter of 2001 ended January 31st of $7.77 million, or 2 cents per share, compared with net income of $44.84 million...
Over the past few months, Yahoo! has been swiftly moving to diversify its revenue streams and decrease its dependence on online advertising. The Web giant's efforts to boost income include the recent decision to charge users listing fees for online auctions, the move to sell placement in its directory, and the expansion in Australian markets.
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