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After less than a year in business as partners, Sotheby's auction house and e-tail giant Amazon.com (Nasdaq: AMZN) announced Tuesday that they are shutting down their co-branded site, Sothebys.amazon.com, and consolidating the listings into Sotheby's primary online auction site, Sothebys.com. The companies said they expect the consolidation to be complete in about 30 days...
Yahoo! Inc. (Nasdaq: YHOO) announced Tuesday that it posted better-than-expected results for the third quarter, topping analysts' earnings estimates by a penny per share. Revenue rose 90 percent from a year earlier While the results would appear to show the slowdown in Internet ad spending this year has not hurt the company, Yahoo! shares dropped n...
Targeting consumers who do not yet own a PC, Microsoft Corp. and low-cost computer manufacturer eMachines announced Monday the roll-out of an Internet device that will enable access via the software giant's MSN network The new device has been named "MSN Companion." Although similar Internet-only appliances have failed to find widespread success, Mi...
Photography giant Eastman Kodak (NYSE: EK) announced Tuesday that it has taken an equity stake in online photo site PhotoAlley and said the two companies plan to work together to drive sales of both conventional and digital photography products and services Also on Tuesday, Kodak announced a partnership with Circuit City to offer co-branded Interne...
Internet powerhouse Yahoo! (Nasdaq: YHOO) announced a free Internet telephone service Tuesday that will allow users to access e-mail, news and other information from remote locations The company also unveiled a joint venture with Net2Phone, Inc. (Nasdaq: NTOP) to provide a service that allows its customers to make free calls from personal computers...
Sweepstakes-style Web sites, frequented by women and people over 50, were heavily represented on the Media Metrix list of top 10 newcomer Web sites for August One promotional sweepstakes site, DineroReal.com, became the first Spanish-language site to join the list, which was released Tuesday.
Under growing pressure from Wall Street and consumers alike, Amazon.com has intensified its efforts to achieve profitability, quietly raising prices on books Of course, most of the other major online booksellers are following the example of the number one e-tailer in the world and leaving their discount days behind as well. And while it might, at f...
In a bid to help e-tailers avoid some of the snafus that marred last year's holiday shopping season, FedEx announced Monday that it will be revamping its Internet-based package return system to streamline the process for customers and businesses As part of the delivery and transportation giant's NetReturn upgrade, which will be available in Novembe...
According to a report released Monday by Cheskin Research and Chinadotcom Corporation, e-tailers will need to understand regional differences among the Chinese population in order to gain a foothold in the world's most populous country The report, "Greater e-China Insights," examines the online behavior and attitudes of Chinese Internet users in ma...
Sales of computer chips will remain strong for two more years, extending one of the longest and strongest runs for the highly cyclical industry, according to a new report from Gartner division Dataquest The report says the rising importance of chips in the next generation of hardware and software platforms that power the Internet will drive the sem...
Travelers frustrated with airline delays are increasingly finding ways to stay connected to the Internet, as both airline carriers and automakers are expanding their wireless technologies to customers. United Airlines (NYSE: UAL), reeling from customers angry at delays and cancellations, said last week it will begin offering wireless Internet access in up to 50 air terminals around the world, starting next year.
Automaker DaimlerChrysler (NYSE: DCX) announced Monday that it is consolidating all of its e-business activities into a new subsidiary called DCX NET Holding The company said that DCX NET Holding, which was launched with start-up capital of $500 million (US$), will form the nucleus of an initiative to make the company "faster, more efficient, and t...
Streaming media -- including audio, video, text, animation and multimedia content -- will drive the next wave of Internet growth, according to a new report by U.S. Bancorp Piper Jaffray. The report predicts that total spending on Web streaming media will grow from $9.7 million (US$) in 1999 to $21.6 million in 2004 In two to five years, the audio a...
There they were up on Capitol Hill, doing their best impression of people who don't mind the onerous privacy regulations that are almost undoubtedly about to be forced upon them. America Online was there to speak to a Senate hearing. Hewlett-Packard too Clearly, those two organizations represent a wide range of e-commerce companies that have realiz...
Mitsubishi Corporation and Commerce One (Nasdaq: CMRC) announced plans Thursday to establish a business-to-business (B2B) e-marketplace for the gas, chemical, and utilities industries in Japan "Unlike the U.S. where there is a great deal of interest in e-marketplaces, Japan has not seen a huge uptake in e-business," said Hajime Kimura, chief operat...
A federal grand jury on Thursday handed down the first criminal charges in a major Silicon Valley securities case, indicting the former top European sales executive at Informix Corp., according to published reports Walter Konigseder faced 11 counts for his alleged role in the accounting fraud scandal that caused the stock of the Menlo Park, Califor...
Imagine: A venture capitalist arrives at work one day and sets down his Starbucks mug next to a stack of business plans that tower over his inbox. As he begins sorting through them, out flutters an envelope containing a check The VC leans back in his chair and reads the handwritten note accompanying the check. "Sorry, sir, that we couldn't return a...
Six months after it became one of the earliest and most striking examples of the dot-com shakeout, fashion retailer Boo.com is poised to begin its second online life New York City-based Fashionmall.com (Nasdaq: FASH), the new owners of the Boo.com site -- which burned through $120 million (US$) in just over a year as a startup in the UK -- said Thu...
More than 64 percent of top tech executives believe the next U.S. Congress will move to tax the Internet, according to an Ernst & Young survey released Thursday Federal and state governments have so far put a moratorium on taxing online transactions to protect an industry that is in its infancy. However, many observers argue that tax-free Internet ...
The U.S. Federal Trade Commission (FTC) said Thursday it has charged an overseas company and its principals with billing consumers and attempting to collect payment for Internet-based adult entertainment services and international phone calls that were never purchased or authorized According to the commission, Verity International Ltd. and the othe...
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