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E-tail sales rose slightly in October, fueled by big increases in sales oftoys, consumer electronics and computers, according to a monthly survey released Monday by the National Retail Federation and Forrester Research The figures, along with the results of a weekly tally by Goldman Sachs &Co. and PC Data Online, point to a solid start to the holid...
EarthLink (Nasdaq: ELNK) improved 113/64 to 8 11/32 Monday after the Internet service provider (ISP) announced anagreement with Time Warner (NYSE: TWX) to offer broadband services over the media giant's cable systems Atlanta, Georgia-based EarthLink said its high-speed Internet services will beavailable to about 20 million homes with access to Time...
Oracle Corp. (Nasdaq: ORCL) plunged 41/16 to 24 3/4 Monday after the e-business software giant announced executivevice president Gary Bloom was leaving to head Veritas Software Oracle chairman and chief executive officer Larry Ellison said Bloom's moveto Veritas would foster relations between the two companies.
With an eye toward staving off a repeat of the holiday fulfillment woes that left thousands of online shoppers without gifts last Christmas morning, the U.S. Federal Trade Commission (FTC) has warned e-tailers against making promises they cannot keep The agency sent letters to over 100 e-tailers to remind them of their obligations under the 1975 Ma...
In some ways, the Internet got a lot more elbow room last week when the Internet Corporation for Assigned Names and Numbers (ICANN) carved out seven new domain suffixes to go with dot-com (.com). Is bigger better? For some, especially the corporations that want more virtual real estate. Apparently the hunger for space is as strong online as off.
Autoweb.com, Inc. (Nasdaq: AWEB) wasdown 1/64 at 33/64 early Monday, following the company's announcement thatit plans to cut jobs and restructure operations The Santa Clara, California-based online auto company said it will reduceits workforce by about 25 percent as it moves to concentrate on "content andtechnology offerings, order fulfillment and...
A French court ruled Monday that Web powerhouse Yahoo! has 90 days to block French residents from viewing auctions of Nazi memorabilia at its U.S.-based auctions site, or face fines of US$13,000 per day for each day it exceeds the deadline In issuing the ruling, Judge Jean-Jacques Gomez of the Paris Tribunal de Grande reaffirmed an order issued on ...
@Plan, Inc. (Nasdaq: APLN) was up 1 1/2at 6 13/16 early Monday after DoubleClick, Inc. (Nasdaq: DCLK) changed the terms of its plannedacquisition of the company New York-based DoubleClick will now pay shareholders of @Plan, a Stamford,Connecticut-based online advertising research firm, US$8 in cash and stock for eachof their shares, down from $9.25...
Internet bellwethereBay (Nasdaq: EBAY) rolled out a program Monday that will allow other firms to create their own applications based on the online auctioneer's technology The program, known as the eBay Application Program Interface (API), will initially be available to a limited number of the company's licensed partners and developers....
Recent acquisitions produced some shuffling in Media Metrix's Top 50 most visited Web sites for October, released Friday Infospace Impressions and CNET Networks Digital took the biggest leaps in the October rankings, with visitor increases over the previous month of 145 percent and 62 percent, respectively. CNET rose nine spots to a No. 9 ranking o...
Broadbase Software, Inc. (Nasdaq:BBSW) fell in early trading Friday, losing 2 5/16 to 11 11/16 after thecompany said the closing next month of a planned acquisition will result ina bigger-than-expected loss for the fourth quarter Broadbase also said it expects a fourth-quarter loss of 15 to 17 cents pershare on revenue of about US$17 million. Gross...
Art Technology Group, Inc. (Nasdaq: ARTG)rose 11/16 to 48 11/16 Thursday after the company shelved a plan to sell 4million common shares in a secondary offering Shareholders had been planning to sell another 725,000 shares in theoffering, which the e-commerce software company said it canceled because of"current stock market conditions."
Audiohighway.com (Nasdaq: AHWY)dropped 3/32 to 3/8 Thursday after the company said it laid of 21 of its30 employees The online entertainment and information company said the move is aimed atcutting expenses as it continues to seek partners and funding sources....
While a relatively small portion of Chile's population livesbelow the poverty line, "the costs of buying a computer or renting atelephone line remain unreachable for a large segment of the population,"according to research firm eMarketer Though Chile has a "largely unrestricted" economy, a relatively highper-capital gross domestic product and a wel...
The headlines are daunting. Every day seems to bring at least one dot-com failure to the fore. But for all the wisdom of trying to see the big picture, we need to zoom in and consider what this shakeout means for the individuals. I'm not talking about employees. There's good evidence they're getting hired as fast as they're getting laid off.
The amount of money that American consumers are losing to fraudulent Internet schemes is growing,according to a report released Thursday by the National Consumers League(NCL) The average loss per person rose from US$310 in 1999 to $412 during the firstnine months of 2000, the study found....
One-third of the 131 dot-coms that have folded this year have done so in the past seven weeks, according to a study issued Thursday by Webmergers, a San Francisco, California-based mergers and acquisitions tracking company The firm, which drew its research from more than 50 information sources, also found that a pervasive factor in the demise of do...
The escalating industry-wide penetration of business-to-business (B2B) exchanges will eventually give rise to a batch of legal uncertainties that businesses and regulators will be forced to address, according to a report released Wednesday by Forrester Research "As e-marketplaces and online trade become an integral part of how industries operate, b...
BMG Entertainment, a division of Bertelsmann AG, announced Thursday it has partnered with content delivery service provider Akamai Technologies, Inc. (Nasdaq: AKAM) and Virage, Inc. (Nasdaq: VRGE) to offer music videos for online syndication via streaming media. BMG spokesperson Nathaniel Brown told the E-Commerce Times that BMG is working on putt...
Cosmetics and beauty supply e-tailer Beautyjungle.com announced Wednesday that it is shutting down operations after failing to secure adequate financing. In a brief statement, the company said it lacked the necessary capital to make its investments grow profitably and will lay off most of its 30 employees in New York, Chicago and Indianapolis, Ind...
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