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More signs came Monday that the days of free online music are drawing to a close Former digital download outlaw MP3.com (Nasdaq: MPPP) announced that offering a new licensing program and that it was expanding into Asia....
Amazon.com, Inc. (Nasdaq: AMZN) was down 19U.S. cents at $14.25 in morning trading Tuesday, after a Lehman Brothers bondanalyst said the company could face a cash crunch later this year Ravi Suria, vice president of convertibles strategy at Lehman, said Amazon'slatest quarterly results "have only increased our concerns about tighteningliquidity." ...
Providian Financial Corp., one of thelargest bankcard issuers in the U.S., has taken an equity stake in Internetpayment services provider PayPal in abid to boost both firms' online and offline offerings, the companiesannounced Tuesday As part of the deal, Providian will offer the Web payment firm's members aco-branded credit card, which is schedule...
Computer Sciences Corp. (NYSE: CSC) was up 30U.S. cents at $59.70 early Tuesday, even after reporting quarterly results thatmissed analyst estimates Company officials also reportedly said on a conference call with investors that results for the current quarter could be at the low end of expectations....
InfoSpace, Inc. (Nasdaq: INSP) was down 66 U.S. cents at $3.59 early Tuesday after the company said it laid off 250 of its 1,200 employees, as part of a plan to cut costs and concentrate on high-growth areas Bellevue, Washington-based InfoSpace, which provides merchant and consumer Internet infrastructure services, said it will focus on opportuniti...
Razorfish, Inc. (Nasdaq: RAZF) was up 19 U.S. cents at $2 in Tuesday morning trading, a day after the Internet consulting company announced further cost cuts in a restructuring plan The New York City-based company's "performance improvement plan," aimed at saving about $70 million this year, includesthe elimination of some 400 jobs worldwide....
British retail giant John Lewis Partnership said Tuesday that it has purchased the UK division of struggling U.S. e-tailer Buy.com (Nasdaq: BUYX) "For quite some time it has been clear that our operating model would be stronger in partnership with an offline business," said Murray Hennessy, chief executive officer of Buy.com's UK division.
The great thing about American industry is that it only takes one courageous, motivated individual to start a revolution. If you have several courageous, motivated individuals, so much the better When employees of Etown.com, an electronics content site, decided to organize a vote for unionization, a number of e-commerce executives around the countr...
Nominations for the Oscars -- the film industry's most glamorous honor -- are big business. According to box office tracking firm Exhibitor Relations, "Shakespeare in Love" had taken in a total of US$36.2 million before the Academy Award nominations came out in February 1999. After news of its 13 nominations came out, the film went on to gross an ...
Semiconductor shares fell early Monday after an industry report showed thatchip sales declined in December In morning trading, Intel Corp. (Nasdaq:INTC) was down 94 U.S. cents at $34.75, Applied Materials (Nasdaq: AMAT) was down$2.69 at $45.06, and Texas Instruments, Inc. (NYSE: TXN) was down $1.87 at$41.21....
The news this week that MVP.com isclosing its site and selling the remaining assets to rival Sportsline.com came as no surprise to those familiar with the rash ofconsolidations sweeping through the online sporting goods arena. Industry observers watched Global Sports, which operates Web sites for companies including Kmart-backed BlueLight.com and ...
Writer Ken Auletta's new book about the Microsoft trial bears theintriguing title of "World War 3.0." If the Microsoft case is a war, the two main opposition generals have left the battlefield and joined the Bertelsmann AG and Napster camp. What does that mean? Simple. It means get ready for World War 4.0....
In the coming years, chemical firms will shift their Internet strategies fromconducting online transactions to designing customized products -- with chemical buyers making use of online development portals -- according to a report released Monday by Forrester Research According to the study, leadingchemical manufacturers will start a process of "ad...
Chinadotcom Corp. (Nasdaq: CHINA) was down19 U.S. cents at $6.38 in early trading Monday following reports that the company expects a weak fourth quarter Chief financial officer Daniel Widdicombe reportedly said the Asian Internetportal expects writedowns of at least $70 million against results for the fourth quarterended December 31st, in order to...
In what is essentially a response to rapid consolidation in the online car-buying sector, General Motors (NYSE: GM) told its dealers Sunday thatthey will have the option of selling other car brands through a new online sales operation, AutoCentric While GM has yet to publicly unveil AutoCentric to the public, the company has told the U.S. Securitie...
In contrast to e-marketplaces in the U.S., which are largely funded by homegrown investors, most of the funding for Latin American business-to-business (B2B) marketplaces is coming from international sources, according to a new report from Jupiter Research "The reluctance of regional players to enter the space typifies the slow rate of entry for La...
Take a look around Dot-Com Island. There isn't an e-tail site still alive that hasn't been affected by the recent shakeout to some degree. However, some of the Web merchants are more likely to survive than others The defining characteristics of those companies vary slightly, but one thing they all have in common is the potential to provide a return...
Of the traditions we're most proud of, identity theft and credit card theft will likely not make the cut Still, it's getting to be a habit. Last year began with 2,500 credit card numbers being exposed at seven e-commerce sites. This year, before we could even turn one calendar page, online travel giant Travelocity inadvertently exposed thousands of...
Pet supplies e-tailer Petopia.com pulled the plug on its planned US$100million initial public offering Friday, saying in a filing with the U.S.Securities and Exchange Commission (SEC) that it has sold almost all of itsassets and is no longer conducting business transactions The San Francisco, California-based company said it intends to use the proc...
In yet another example of consolidation in the online auto market, MSN Carpoint and AutoNation announced Friday that they have signed a deal that makes AutoNation the primary distributor of the car sales leads generated by Carpoint. The companies said that the three-year agreement will create the largest online dealer network in existence. In addi...
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