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The U.S. Commerce Department announced yesterday that U.S. and European Union negotiators have finally reached a formal agreement on a much-needed deal that would guarantee privacy protection for EU member consumers who do business with U.S.-based e-tailers Currently, relevant U.S. online privacy laws are far more liberal than those in Europe. For ...
As optimistic reports from research firms hail the revenue potential of the fast-growing business-to-business (B2B) market, companies in nearly every industry are launching slick new Internet portals -- but many have failed thus far to rise above the functionality of plain old Web sites Businesses are scrambling to identify themselves as "Internet ...
Internet grocer Peapod (Nasdaq: PPOD) received a resounding double blow Thursday, as the company announced that its highly respected CEO has resigned for health reasons and investors have yanked $120 million (US$) in planned equity financing off the table As a result, the Chicago, Illinois-based company said in a statement that it has advised its f...
Open-source based software solutions provider TurboLinux has expanded its international operations by opening offices in the United Kingdom and Latin America The company, which recently expanded current operations in Australia and New Zealand, is joining other major Linux vendors in moving into international markets that are not yet dominated by Mi...
U.S.-based online lottery firm eLot, Inc. (Nasdaq: ELOT) has signed a four-year contract to sell lottery tickets over the Internet to the general public in the United Kingdom eLot said its eLottery subsidiary signed the deal with the Gaming Board for Great Britain to become the online arm of the UK charity lottery that is expected to begin later th...
Demand for horror novelist Stephen King's 66-page new release -- available only by download -- has been so high that such e-tailers as Amazon.com and Barnesandnoble.com have been swamped "All the servers have reached 100 percent capacity and gone over several times today," said Pat Eisemann, a spokeswoman for Scribner, the co-publisher with King's ...
What a strange week for CDNow. Just as the music e-tailer announced that its proposed merger with direct marketer Columbia House had crashed and burned, PC Data released figures showing that the company actually outpaced Amazon.com in home-based buyers for the month of February Still, the failed merger is leading many investors to believe that CDNo...
Data protection negotiations between the U.S. and the European Union took a promising turn Tuesday when EU negotiator John Mogg announced that he will recommend the approval of a "safe harbor" agreement by EU institutions and member states The agreement would enable U.S. industries to conduct business with European firms under strict data privacy c...
In yet another deal that has analysts shaking their heads over the fundamental valuations of Internet companies, customer relationship management (CRM) firm E.piphany, Inc. (Nasdaq:EPNY), has agreed to pay $3.18 billion (US$) to buy privately-held Octane Software Octane had revenues of $3 million in 1999 and is on a rate to hit approximately $35 mi...
Linux vendor Caldera Systems, Inc. is setting the stage for an IPO this week, with an eye toward duplicating the meteoric opening performances of Red Hat, Inc. (Nasdaq: RHAT) and VA Linux Systems (Nasdaq: LNUX) The company, which filed for its highly anticipated initial public offering with the Securities and Exchange Commission (SEC) in January of...
The U.S. Department of Justice (DOJ) launched a Web site Monday that is designed to counter the recent rash of hacker activity by keeping the public informed of the nature of criminal activity on the Web and the legal ramifications of such acts The site, www.cybercrime.gov, was launched on the heels of a report released last week by a White House-a...
As the federally-appointed Advisory Commission on Electronic Commerce (ACEC) prepares to hold its final meeting next week, bitter divisions within the panel threaten to scuttle any potential for a compromise deal on Internet taxation in the United States The current proposal exempts such "digitized" goods as music, books or other data when sold via...
IBM announced Monday that it has signed agreements to further its wireless e-commerce strategies with seven leading wireless and Internet companies in the U.S. and Europe The seven companies, Nokia, Motorola, Palm Inc., Cisco Systems, Inc., Intel Corp., Ericsson and Symbian Ltd. will work with IBM to develop and market integrated products for wirel...
Only months after forging a similar alliance with Wal-Mart Stores, America Online has entered into a cross-marketing pact with Sears, Roebuck and Co. that will include joint branding, special promotions and a focus on high-speed Internet access AOL will be Sears' preferred online service provider, and a special co-branded edition of AOL -- with lin...
In what has become a common refrain, business-to-business (B2B) e-commerce solutions provider Ariba, Inc. (Nasdaq:ARBA) has announced a set of key partnerships -- this time with American Express (NYSE:AXP) and Dell Computer Corp. (Nasdaq:DELL) American Express and Ariba said they will work together to develop "new advanced electronic payment servic...
Online music store CDNow has surpassed Amazon.com as the e-tailer on the Net with the largest number of people buying while at home, according to market research firm PC Data PC Data reports that CDNow had 1.026 million buyers in February 2000, as opposed to 984,000 for Amazon.com. It added that February was the first month since August 1999 that A...
Music e-tailer CDNow (Nasdaq: CDNW) announced Monday that its proposed merger with music distributor Columbia House has been scrapped The merger, which was announced last July, would have melded CDNow's online and offline music operations with the joint venture between Sony Music and Time Warner. Sony and Time Warner were each to get 37 percent sta...
McDonald's Corporation (Nasdaq:MCD) has taken a baby step into e-commerce by investing in San Francisco, California-based Food.com, a company that offers an online food takeout and delivery service Food.com raised $80 million (US$) in total funding from such companies as McDonald's, Kraft Foods, TV Guide and Blockbuster Video. Terms the deal were n...
Last week, in an open letter posted on his company's Web site, Amazon.com CEO Jeff Bezos responded to allegations that the e-tail giant's use of patents is unfair and stifling to competition The saga began in earnest last December when Richard Stallman, an early developer of the Linux operating system, called for a boycott of Amazon in an article p...
One has to commend the Clinton administration for its earnest efforts to combat cybercrime and investigate the spate of denial-of-service (DoS) hacker attacks that have plagued e-commerce and other Internet sites over the past several weeks However, the much-anticipated report from a White House-appointed interagency working group manages nothing m...
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