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Online grocer Streamline.com, Inc. (Nasdaq: SLNE) has warned that it will likely run out of money unless it receives new financing within "several weeks." The company, which has been looking for a partner or investor since May, said that while it is "actively pursuing financing alternatives," there are no definitive agreements on funding.
The U.S. Securities and Exchange Commission (SEC) announced Wednesday that it has taken action against three men it says fraudulently sold securities in a phony online art gallery and jewelry store The three men -- Russell Rapoport, 26, of Manhattan, and brothers Edward Landenbaum, 28, and Igor Landenbaum, 38, both of Brooklyn, New York -- were cha...
Responding to a judge's order to expedite the release of information related to Carnivore, its controversial e-mail snooping technology, the U.S. Federal Bureau of Investigation (FBI) is preparing to hand over as many as 3,000 pages of documents to the Internet privacy watchdog group that has been among the system's most outspoken critics The Elect...
A new poll by Gartner Group-owned cPulse shows that nearly a quarter of Web shoppers are extremely dissatisfied with their buying experience, leading to worries that online retailers could lose a hefty chunk of business this holiday season The data, gathered by using pop-up interviews of more than 137,000 online shoppers at 123 Web sites, showed th...
New research released Wednesday by Jupiter Communications predicts that in five years, every Internet user will be exposed to more than 950 marketing messages every day. The report also predicts that $16.5 billion (US$) will be spent on online marketing by 2005 The advertising sprawl means that marketers will have to diversify their use of online t...
The Internet hosts over 700 online gaming sites, generating billions of dollars (US$) in revenue, yet you can bet that this is one industry your local officials are not likely to woo Legal issues notwithstanding -- online gaming is officially prohibited by the 1961 Wire Act -- cities that count on revenue from the gaming industry and the tourism th...
A new study from the University of California, Los Angeles (UCLA) says that people believe the Internet has become an important source of political information in the United States, but that its power to actually influence decisions made by elected officials is minimal The findings, part of a larger ongoing project, were timed to be released during...
Two U.S. companies Tuesday announced plans to enter the growing Japanese e-commerce market, with online travel service Travelocity.com (Nasdaq: TVLY) forming a partnership to sell travel products and services, and Office Depot, Inc. (NYSE: ODP) setting up a subsidiary Web site The Fort Worth, Texas-based Travelocity said it is joining Japan Airline...
Online wine retailers Wine.com and WineShopper.com announced Tuesday that they will merge and operate a redesigned site at the Wine.com address Bill Newlands, president and chief executive officer of Wine.com, will serve as CEO of the new company. Hank Lambert, president and chief operating officer of WineShopper.com, will retain those titles, and ...
Living.com, the online furniture and home products vendor, announced Tuesday that it will shut down its operations. The company, which will file for Chapter 7, will be forced to lay off its 275 employees The move comes only three months after the Austin, Texas-based company laid off 50 employees and only six months after it signed an agreement to b...
A poll of high-tech and e-commerce leaders released Wednesday shows that a majority believe President Clinton should appoint a computer security czar to serve as a "watchdog" on Internet security issues The survey of 261 chief information officers and other business executives, conducted by CIO magazine during this week's CIO 100 Symposium Awards C...
Close to 300 million use the Internet worldwide -- over half of whom log on outside North America -- and yet the challenges of conducting international business online still discourage many U.S. businesses from profiting from global e-commerce Difficulties in adapting company infrastructure, re-targeting marketing efforts and dealing with complicat...
While Europe is widely believed to have a vast lead over the United States when it comes to wireless e-commerce, or "m-commerce," new data from market analysis firm Datamonitor suggests that the gap is closing rapidly In a report titled "mCommerce Infrastructure in the U.S.," the company predicts that the market for wireless e-commerce solutions in...
To the casual surfer, the Internet may seem like a limitless ocean, but to e-tail firms whose cash is swirling down the drain, it may seem more like a little fish tank that is fast losing its water. The situation is about to get a lot worse: The land sharks are coming Real-world discount giants Wal-Mart and Kmart appear hell-bent on getting their e...
Industry giant IBM (NYSE: IBM) and e-commerce software company Kana Communications Inc. (Nasdaq: KANA) announced plans Wednesday to help companies that do business on the Internet improve their customer service The deal, which reportedly could be worth as much as $1 billion (US$) per year in revenue for the two companies, comes as evidence mounts t...
General Electric (NYSE: GE) subsidiary Global eXchange Services (GXS) Monday announced the launch of Express Marketplace, a Web-based emporium open to any Internet user. According to GE, companies will have the ability to establish immediate, low-cost supply chain collaboration using only a Web browser "The key benefit of Express Marketplace is tha...
As capital continues to evaporate for many an Internet retailer, BlueLight.com announced Monday that it will receive $80 million (US$) in second round financing from initial investors Kmart Corp. (NYSE: KM) and Softbank, Inc BlueLight said it will use the capital to fund day-to-day operations, but company spokesperson Dave Karraker told the E-Comme...
The glory days of the Internet are finished. Kaput. In terms of raw excitement -- the kind of pulse-racing thrill that comes with discovering something truly original, finding it has infinite possibilities and then actually making it work -- the Internet has cashed in its stock options and gone fishing The multitudes who are wading deeply into e-co...
Internet audio and video software company RealNetworks (Nasdaq: RNWK) unveiled a new subscription service Tuesday that will deliver video and software updates monthly The subscription will deliver Internet games, movie trailers and news documentary footage that will change monthly. It is viewed as a bid by RealNetworks to stave off challenges by so...
A U.S. court denied a request Monday by Ticketmaster Online-Citysearch, Inc. (Nasdaq: TMCS) for a preliminary injunction against Tickets.com in a case that involves linking Web sites without express permission U.S. District Court Judge Harry L. Hupp acknowledged that Ticketmaster had other claims against Tickets.com, but set them aside for a later ...
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