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The number of online shoppers continued to boom during the second week in December, withbrick-and-click operations seeing the most traffic to their Web sites, according to the latest survey from measurement firm Nielsen//NetRatings Traditional retailers' Web sites have seen a 103 percent surge in trafficsince the beginning of the holiday shopping s...
InfoSpace (Nasdaq: INSP) gained 11/64to 11 43/64 Wednesday after the company, which provides Internetinfrastructure services, reiterated its fourth-quarter forecast calling forrevenue of US$66 million and pro forma net income of $4.9 million "InfoSpace continues to experience momentum across all of our areas offocus, and we remain very confident wi...
Register.com (Nasdaq: RCOM) on Wednesday launched an online auction service allowing businesses and individuals to bid for any of the 20 million Internet domain names already in use. The service, dubbed the Afternic Virtual Broker, will act as a middleman between bidders and the current owners of all ".com," ".net" and ".org" domains.
There are not many things I miss from the days before I started working at home I don't miss overbearing and clueless bosses. I don't miss rushed commutes to the office, spilling coffee on the perfectly-creased khakis I just bought, or fighting rush-hour traffic on the way home. I don't miss infuriating office politics....
Despite the fact that high-speed Internet access has yetto take a firm hold with the vast majority of the wired public, measurement firm Nielsen//NetRatingsreported Tuesday that streaming media consumption soared 65 percent over the past year According to the report, arecord 35 million online users accessed streaming content in November,and more th...
The U.S. Federal Bureau of Investigation (FBI) confirmed Wednesday that it is investigating a case involving the alleged online exposure of up to 55,000 credit card numbers as a result of hacking into the Web site of Los Angeles-based merchant processing firm Creditcards.com "The FBI is looking into the matter, but it's considered an ongoing invest...
CenterSpan Communications Corp.(Nasdaq: CSCC) was given the green light to purchase the assets of Internetentertainment firm Scour, Inc. Tuesday by a Los Angeles bankruptcy court The high-profile Scour -- which operated a controversial multimedia file-sharing and searchingnetwork -- was placed on the auction block after it declared bankruptcy inOct...
Despite reports of hard times in the business-to-business (B2B) e-commerce sector, executives remain confident about the outlook for onlinemarketplaces, according to a survey released Tuesday by consulting firmArthur Andersen The survey, which builds on the findings of a similar poll Andersenconducted in June, found that one-third of company execut...
Ariba, Inc. (Nasdaq: ARBA) sank 10 3/16 to76 11/16 Tuesday after Lehman Brothers began coverage of the stock with aneutral rating Lehman analyst Patrick Walravens reportedly said Ariba shares, trading at431 times projected earnings, are too expensive at current levels to warranta higher investment rating....
Compaq Computer Corp. (NYSE: CPQ) wasdown 23/32 at 20 13/256 early Wednesday, as the computer maker became thelatest to warn of a shortfall in revenue and earnings for the fourthquarter According to the Houston, Texas-based firm,revenue for the quarter is likely to range from US$11.2 billion to $11.4billion, 8 to 10 percent below expectations, whil...
America Online (NYSE: AOL) rose 0.16to 48.65 Tuesday after the Dulles, Virginia-based Internet giant saidworldwide membership passed the 26 million mark AOL attributed the growth to the popularity of its new version, AOL 6.0,which is used by 35 percent of AOL members. AOL 6.0, introduced in October,is supposed to be easier to use than previous vers...
Online retailers sold more than US$200 million worth of products on December 11th, establishing a new single-day sales record, Web measurement firm BizRate.com said Tuesday. The Los Angeles-based comparison shopping service predicted that the combined sales total for Monday, Tuesday and Wednesday of this week will amount to nearly $600 million in ...
It probably surprised no one sitting at a desk to hear that Nielsen//NetRatings reported that 46 percent of all online shopping is done from work. The recent study simply confirmed what many people knew first-hand. There are few places more convenient for Net shopping than work, where the connections are high-speed and the browser window can be hi...
Possibly indicating a consumer cooldown in the e-tail arena, onlinespending during the week following the Thanksgiving holiday topped out at about US$1.3billion -- representing just a 50 percent increase over last year's figures for the same period -- according to a new study released Monday by Goldman Sachs and PC Data While most traditional retai...
Under the terms of an agreement announced Tuesday, Covisint principals Ford and General Motors will take a combined equity stake of US$1.2 billion ine-commerce infrastructure provider Commerce One (Nasdaq: CMRC) As part of the deal, Commerce One will share in revenues generated by the business-to-business (B2B) marketplace and gain a 2 percent equi...
E-tailers should not pin their hopes on strong holiday sales of big-screen TVs and high-end stereo systems, because consumers are not looking to the Internet for these purchases, according to a new survey from cPulse, a unit of the Gartner Group "Consumers' likelihood of purchasing consumer electronics online is falling, and defection is high," cPu...
According to a study released Monday by business services firm Ernst & Young, Canadian consumers plan to spend 14 percent of their holiday shopping funds online -- a 100 percent increase over last year's level but still lessthan half as much as their American counterparts The report also said that Canadian consumers spent roughly US$890 over thepas...
The frenzy over locating Sony PlayStation 2 (PS2) video game consoles is fostering an online uproar, causing the police in the United States and Canada to work overtime to stop fraudulent Internet sales Elsewhere, Web retailers are putting in long hours resolving technical problems caused by heavy traffic from holiday shoppers and Internet searchin...
State investigators in New Jersey have subpoenaed records from Toysrus.com as part of an ongoing investigation into the online toy store's privacy practices, the Associated Pressreported Monday. The Paramus, New Jersey-based brick-and-click toy retailer confirmed that investigators from the New Jersey Division of Consumer Affairs have sought compa...
Advanced Micro Devices (NYSE: AMD) edged up 3/16 to 17 1/2 in early trading Tuesday, even after the chipmakerlowered expectations for fourth-quarter results because of a slowdown indemand for personal computers AMD said sales for the quarter will be "flat to nominally higher" than thethird quarter's US$1.21 billion. Net income will total 50 to 60 c...
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