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In a bid to expand its presence in the burgeoning wireless market, e-commerce portal Buy.com (Nasdaq: BUYX) is purchasing wireless e-tailer Telstreet.com for about $7.9 million (US$) in stock The Aliso Viejo, California-based company says the acquisition will add a new product category to its Web site, which currently offers computer products, soft...
The governing body for Internet domain names is meeting this week in Japan to draw up its blueprint for expanding the choice of Web site names available to the general public. However, the question remains whether simply allowing more alternatives to the ".com" suffix will solve the naming system's problems The Internet Corporation for Assigned Nam...
Excite@Home reported that it already signed up more than a thousand new e-tailers within the first 24 hours of launching its new free online storefront service. The new offering, named "Freetailer," allows e-commerce newcomers to get a foot in the door by enabling them to set up an Internet store at no cost While Excite@Home is not the first Intern...
As part of the industry-wide effort to make e-commerce more secure, credit reporting giant Equifax, Inc. has announced plans to positively identify online shoppers through quizzes based on their credit reports Company officials say that the process will virtually eliminate manual authentication methods, including the need for consumers to enter an ...
More Americans than ever are using the Internet to shop for and purchase new cars, according to a new survey from research firm GartnerGroup The survey shows that from September 1999 to March 2000, 45 percent of the 40,000 households surveyed used the Internet at some point in the car buying process and 3 percent actually bought their cars online.
Lloyd's of London has demonstrated a knack for attracting attention to itself ever since it got its start insuring ships carrying tea back to England. By underwriting the creative hands of artists, the delicate fingers of piano players, Betty Grable's gams or Jennifer Lopez' derriere -- often for astonishing amounts of money -- Lloyd's has become a household name...
Webvan Group, Inc. (Nasdaq: WBVN) has reported that its aggressive expansion plan resulted in steeper losses for the second quarter when compared with a year earlier, even as revenue surged The online grocer, which has been investing heavily to expand into new markets and products, reported a pro forma loss before items of $57.1 million (US$), or 1...
Controversy continued to mount Thursday over the issue of Internet gambling, which appeared headed for a U.S. government ban earlier this week. A vote on a pending House of Representatives bill could come as early as next week The Internet Gambling Prohibition Act was the subject of heated negotiations in the House on Tuesday, and by Thursday the f...
A worldwide coalition of big-name retailers led by Target and Best Buy has tapped the alliance of IBM, i2 and Ariba to run the WorldWide Retail Exchange (WWRE), a business-to-business (B2B) Web site that is slated for launch later this year The coalition says it expects the online exchange to facilitate and simplify trading between retailers and ov...
On the same day that Microsoft co-founder Bill Gates announced a new strategy within the so-called "Wintel" duopoly, the software giant sparked new concerns about its domination of world markets and also faced a direct challenge to its operating systems dominance in Japan The renewed fears of Microsoft domination center on the company's recently re...
The U.S. Federal Trade Commission (FTC) has settled its case against a group of online pharmacies charged with false advertising and operating an unauthorized credit card processing scheme According to the FTC charges, which were filed on July 6th in a federal trial court in Nevada, the online pharmacies advertised a nonexistent network of physicia...
Business-to-business (B2B) software maker Ariba, Inc. (Nasdaq: ARBA) reported surprisingly strong results for the quarter ended June 30th, fueled by a number of major agreements signed in recent months Revenue for the third fiscal quarter rose 578 percent from a year earlier to $80.7 million (US$). The company posted a loss before charges of $11.3 ...
Responding to defunct online toy retailer Toysmart.com's attempt to sell its customer records, two U.S. Senators introduced legislation on Wednesday to block the sale of consumer information on the Internet Senators Patrick Leahy, (D-Vermont) and Robert Torricelli, (D-New Jersey) attached the proposal to a broader piece of legislation that seeks to...
Online auction giant eBay, Inc. is reportedly scaling back its live auction business and will instead concentrate on Web auctions of the high price art and antiques that were central to that operation After shelling out $260 million (US$) just 15 months ago for the Butterfield & Butterfield live auction house, eBay is now going to lay off about fiv...
When one of the towering leviathans of high-tech civilization takes a false step, it is not always immediately clear whether the tremors in the earth are caused by the giant's stumble or by the stampede of all the little people fleeing for cover The outcome is the same: things fall apart. Perhaps in the quake prone world of e-commerce, the damage c...
While still facing language and cultural challenges in the international e-commerce arena, Asian e-commerce is set to boom at home, and U.S. companies smelling opportunity are already diving into the region with big-dollar investments According to research firm Forrester, the surge in Asia-Pacific e-commerce will result in $1.6 trillion (US$) of re...
Angry musicians came face-to-face with Napster chief executive Hank Barry on Capitol Hill Tuesday, in an emotional hearing before a U.S. Senate Judiciary Committee At issue is the ongoing dispute between Napster, the online music downloading service that enables users to exchange music files, and the recording artists who object to their music bein...
A Federal Bureau of Investigation (FBI) Web-based surveillance program, which the agency says is designed specifically to be used in criminal investigations, is drawing withering fire from critics who say it is compromising the privacy of law-abiding Internet users The program, a combination of hardware and software called "Carnivore," first came t...
A coalition of more than 70 recording artists have launched a national campaign to protect their exclusive rights to distribute and market copyrighted recordings on the Internet The group, "Artists Against Piracy," unveiled the awareness effort on the same day the U.S. Senate Judiciary Committee conducted hearings on the future of digital music. At...
American seniors 55 and over have embraced the Internet and are shopping and surfing online in ever increasing numbers, according to a study released Tuesday by Internet research firm Greenfield Online The Surfing Seniors Digital Consumer survey found that more seniors are shopping online than a year ago. Surprisingly, the survey also revealed the ...
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