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Last week's news that four New Jersey teenagers got sick from a drug they allegedly bought on Internet auction site eBay once again raised the issue of whether online auctioneers should be held liable for the actions of their members According to published reports, four 17 year-old students at a boarding school in Hightstown, New Jersey were treate...
Amazon.com (Nasdaq: AMZN) announced two new ventures on Wednesday designed to provide customers with instant access to their book purchases The company plans to launch a new retail space on its site for Audible, Inc.'s (Nasdaq: ADBL) downloadable audio books, and has cut a deal with Ingram Industries Inc.'s Lightning Source to offer downloadable bo...
Attorneys for Microsoft Corp. railed against the U.S. government in a Wednesday court hearing, labeling its proposal to split the company in two as "vague" and "ambiguous." Microsoft told U.S. District Judge Thomas Penfield Jackson that the company needs more time to revamp its corporate strategy, and suggested that if a breakup is unavoidable, one...
According to a new report from Goldman Sachs, at least 10 key e-tailers will be faced with the daunting task of raising cash as soon as this year or next Among the companies identified by Goldman analyst Anthony Noto are Beyond.com (Nasdaq: BYND), Autoweb, Inc. and Peapod, Inc. (Nasdaq: PPOD).
For the first quarter of 2000, U.S. business-to-consumer (B2C) e-commerce sales were up 1.2 percent to $5.26 billion (US$) from the fourth quarter of 1999, according to figures published by the Census Bureau of the Department of Commerce. However, despite the gains, e-commerce has yet to make a significant impact in overall retail sales The Commerc...
E*Trade and accounting giant Ernst & Young announced plans on Tuesday to make financial advice available to the brokerage firm's 2.6 million clients over the Internet Investors will be able to seek professional advice on a number of financial planning issues, such as financing a home, funding a child's education, saving for retirement, and planning...
E*Trade and accounting giant Ernst & Young announced plans on Tuesday to make financial advice available to the brokerage firm's 2.6 million clients over the Internet Investors will be able to seek professional advice on a number of financial planning issues, such as financing a home, funding a child's education, saving for retirement, and planning...
Brick-and-click retailer Barnes & Noble (Nasdaq: BNBN) announced an initiative Tuesday to develop Barnes & Noble University, a customized Internet site for online learning The bookseller is making a minority investment in notHarvard.com, a company that specializes in developing Internet universities and "eduCommerce" Web sites. Users will be able t...
QXL.com (Nasdaq: QXLC), Europe' s largest online auctioneer, reported increases in revenue, auction volume and membership for its fourth quarter and year ended April 30th However, the company's losses increased during both periods, as the online auctioneer spent money on acquisitions to broaden its reach and compete with U.S.-based rival eBay, Inc....
The California Assembly narrowly approved an Internet tax measure Tuesday that could bring millions of dollars (US$) to what is arguably the leading high-tech state in the U.S. The bill now moves to the state Senate The goal of the bill is to provide similar treatment for retailers with stores in California who must pay the tax, and Internet compan...
Eighty-five percent of Internet users are also Internet shoppers, according to a new survey, "The Interactive Consumer: Charting the Online Shopping Revolution," commissioned by Parade Magazine New data from Forrester Research also shows that Americans are moving from surfing the Web to shopping online at a faster pace than ever before.
Just a few weeks ago, it seemed that Microsoft had a strong chance of staving off a government-mandated breakup by taking its case up the judicial ladder of appeals -- all the way to the U.S. Supreme Court, if necessary While a judicial victory remains a possibility for the software giant in its lengthy court battle with the U.S. Department of Just...
With the dust barely settled after last week's U.S. House vote to extend permanent normal trade relations (PNTR) to China, many Internet technology firms and electronic commerce companies are looking to the Far East to determine their fortunes Qualcomm, Inc., a company that had hoped to become a household word among the Chinese people, is instead s...
E*Trade and accounting giant Ernst & Young announced plans on Tuesday to make financial advice available to the brokerage firm's 2.6 million clients over the Internet Investors will be able to seek professional advice on a number of financial planning issues, such as financing a home, funding a child's education, saving for retirement, and planning...
Florida Governor Jeb Bush signed an information technology bill Friday designed to promote the growth of Florida's emerging IT industry "The bill I signed into law today is the most comprehensive, all-encompassing technology reform in Florida's history," Bush said. "It will establish Florida as the state with the most aggressive strategy for transf...
Mission Critical Linux provides support solutions and professional services to companies, including e-commerce operations, that are placing infrastructure investment and faith in the Linux open-source operating system. Just recently, the Lowell, Massachusetts-based firm increased its portfolio of e-commerce-related offerings by partnering with vendor TurboLinux to makepowerful clustering technology solutions available to its clients...
Although Internet car sales are not yet breaking any speed barriers, the race between manufacturers and dealers for domination of the marketplace is definitely on Roger Penske, a major player in the Detroit auto industry, invested $17 million (US$) in CarsDirect.com last week, instantly creating an alliance between the Web site and 117 automobile d...
Several weeks ago, when America Online, Inc. agreed to shell out $3.5 million (US$) to settle charges that it violated financial reporting rules by deferring advertising costs rather than showing them as expenses, the news barely made a blip on most media radar screens The minor drama dates back to 1996, when AOL found itself at a critical crossroa...
Taking what some observers see as another step into the much-predicted "post-PC world," Gateway (NYSE: GTW) and America Online (NYSE: AOL) announced plans Tuesday for a new "Internet appliance" that uses neither an Intel microprocessor nor Microsoft software The new device bypasses the two industry giants and will use a processor from Transmeta Cor...
Less than two weeks after financial woes forced Boo.com to shut down its operations, the online retailer announced Tuesday that it has sold its core technology assets to Internet services company Bright Station After Boo.com charged onto the Internet a year ago and then rapidly burned through its $135 million (US$) in financing, Bright Station was ...
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