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Microsoft co-founder Bill Gates lost $40 billion (US$) on paper in less than a year, but he is still the world's richest person, according to Forbes magazine's 14th annual list, released Friday. With a reported net worth of $60 billion, Gates tops the "richest" list for the sixth year in a row Oracle Corp. chairman Larry Ellison skyrocketed from 30...
A consortium of 49 consumer product companies announced Wednesday the formation of Transora.com, a business-to-business (B2B) online marketplace to be launched this fall Transora will offer services in procurement, customer and consumer marketing, supply chain collaboration and related functions....
BET.com announced Wednesday that it has forged an alliance with mortgage loan financier Fannie Mae and lenders Cendant Mortgage and HomeSide Lending, Inc. to offer an online service for African-American homebuyers Cendant and HomeSide will feature mortgage information and applications on the BET.com Web site -- an African-American portal and online...
An anti-spam bill that could have a wide-reaching effect on online marketing is one step closer to becoming law following the U.S. House Commerce Committee's vote Wednesday If passed, the Unsolicited Electronic Email Act would require e-marketers to include valid reply addresses on unsolicited e-mails. It would also require direct marketing compani...
Further fueling the Asia-Pacific region's high-tech boom, Microsoft (Nasdaq: MSFT) and Hewlett-Packard (NYSE: HWP) announced separate partnerships with major Japanese companies Thursday The Redmond, Washington-based Microsoft is teaming up with Hitachi to focus on the development of a core set of replicable Microsoft 2000-based enterprise solutions...
A recent report from the Pew Research Center rattled cages in the offices of TV news programs with the headline-making revelation that a third of Americans get news from the Internet every week. But the survey should serve as a wake-up call for e-commerce companies as well Although content was the information superhighway's original raison d'etre, ...
Spurred on by the acquisition of Lycos by Terra Networks SA, Yahoo! will take an "aggressive and opportunistic" approach to moving into the European market this year, according to co-founder Jerry Yang "We all have to look outside the U.S. for growth and the next big wave," Yang told Reuters Thursday as he took part in the Fortune Global Forum. "We...
In what is being labeled as the largest securities fraud crackdown ever undertaken, U.S. federal authorities have charged members of organized crime families and others in a wide-ranging scheme that included fraudulently promoting stocks on Web sites and falsely touting companies as "dot-coms." Federal indictments were handed down in New York City ...
The U.S. House of Representatives overwhelmingly approved a bill Wednesday that would make most electronic signatures over the Internet as legal and binding as written signatures on paper The E-SIGN proposal was passed by a 426-4 vote despite concern from some groups that it will compromise protection for consumers making electronic transactions.
Pets.com (Nasdaq: IPET) announced Tuesday that it has entered into an agreement to acquire key assets and strategic relationships of privately held competitor Petstore.com Pets.com said the move will allow it to solidify its already strong position in the online pet market, which is crowded with such similarly named stores as Petsmart.com, Petopia....
America Online is once again leading the charge, this time on Internet security. But the leadership comes not through breakthrough technology or a stringent self-policing standard -- it comes through advertising In a new wave of TV commercials that portray AOL as the easiest and fastest way for families to join the Internet revolution, the company ...
NBC Internet, Inc. (NBCi), a dot-com division of the National Broadcasting Company, said Tuesday that it will restructure and consolidate all of its Web holdings under one banner The announcement followed the company's revelation that its revenue and earnings for the rest of this year will be lower than expected, although it did not release exact s...
Online auctioneer eBay has expanded into the fixed-price marketplace by agreeing to purchase person-to-person Web marketplace Half.com in a stock deal valued at $350 million (US$) Half.com sellers simply enter the ISBN code for a book or a UPC code for a CD, video or movie, describe the condition of the item, and select a fixed price that is half-o...
Refuting rumors that it would run out of cash by the end of 2000, online toy retailer eToys bought itself some breathing room Tuesday with $100 million (US$) in capital raised from the sale of preferred convertible stock Just last month, Goldman Sachs analyst Anthony Noto included eToys on his list of 10 publicly-traded Internet retailers that woul...
The Philippine National Bureau of Investigation (NBI) said Wednesday that it will file criminal charges this week against a man suspected to have spread the crippling "Love Bug" computer virus NBI director Federico Opinion said in published reports that charges will be filed against Onel de Guzman, a 22 year-old computer school dropout who lives in...
Just hours after being rebuffed in its motion to stay the harsh remedies ordered last week by a federal judge, Microsoft Corp. on Tuesday appealed the landmark decision to split the software giant into two competing companies The court's final judgment, entered on June 7th, provided that the breakup of the company would be stayed pending appeal, bu...
Beset with legal and morale problems at home, Microsoft co-founder Bill Gates laid out his vision for the company on the other side of the world on Tuesday, a vision that -- with its emphasis on the personal computer -- bucks conventional high-tech wisdom Gates told a technology conference in Taiwan that computing in the future will continue to rev...
Silicon Valley is still the epicenter of the digital explosion and the United States remains the world leader in e-commerce, but Sweden and other northern european countries lead the rest of the world, according to two new surveys The Economist Intelligence Unit (EIU), a firm that conducts industry analyses, ranked the top 60 countries in the world...
A new study released Monday by the Boston Consulting Group (BCG) shows that Canadians actively browse e-commerce Web sites but are reluctant to spend money online The study, "Winning the Online Consumer in Canada," found that a similar percentage of Canadian and American Internet users shop on the Web, but only 43 percent of Canadian Net surfers ha...
The U.S. Federal Communications Commission (FCC) on Monday requested more information from America Online, Inc. before it will consider approving its proposed $124 billion (US$) merger with Time Warner, Inc The request came just two days after 43 technology companies sent a letter to the FCC complaining that AOL holds a virtual monopoly on the inst...
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