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Chemical auctions, exchanges and a variety of e-commerce sites have altered the way that chemicals are bought and sold worldwide, according to Forrester Research Forrester's data shows that online business-to-business (B2B) e-commerce in the U.S. chemical market will reach $128 billion (US$) by the year 2003, making the chemical industry the third ...
As the United Kingdom continued to roil over scandals in the traditional home mortgage industry, online lender E-LOAN, Inc. launched a UK home loan Web site Monday. The Dublin, California-based company, which claims to be the first multi-lender online site in the region, plans to offer over 35 lenders and some 10,000 loan products to UK consumers "...
Powerful Hong Kong businesses HongKong and Shanghai Banking Corp. Ltd, Hang Seng Bank, Cheung Kong Ltd., and Hutchison Whampoa Ltd. have formed a joint venture to bring more businesses online The new venture, which is backed by combined resources of $385 million (US$), is called iBusinessCorporation.com and will focus on both business-to-business (...
USA Networks, Inc. announced today that it is beefing up its e-commerce presence by merging its Internet Shopping Network (ISN) with fashion e-tailer Styleclick.com, Inc. in a deal worth an estimated $500 million (US$) The merged company will be 75 percent owned by USA Networks and will draw management from both Styleclick.com and ISN. Maurizio Vec...
Five high-profile food firms reportedly will announce today an alliance with online grocer Webvan.com to promote their products into virtual shopping carts Pillsbury Co., a unit of Britain's Diageo PLC, Kellogg Co. (NYSE:K), Quaker Oats Co. (NYSE:OAT), General Mills Inc. (NYSE:GIS), and the U.S. unit of Nestle SA of Switzerland, are forming marketi...
In what is fast becoming a major industry trend, online drugstore More.com, Inc. announced today that it will become the exclusive e-commerce partner for discount brick-and-mortar pharmacy chain Phar-Mor, Inc The new partnership comes on the heels of similar arrangements between Healtheon/WebMD and CVS pharmacies, and Drugstore.com and Rite Aid. In...
At this week's annual convention of auto dealers in Orlando, Florida, Autobytel.com announced that it will now act as a broker to sell vehicles directly to consumers via the Internet It was no accident that the announcement came only days after giant e-tailer Amazon.com leapt into the online car business by taking a five percent stake in Greenlight...
As part of its "Linux for eBusiness" strategy, Caldera Systems, Inc. has announced that its soon-to-be introduced OpenLinux eServer will ship with IBM open-source e-commerce products The Caldera OpenLinux-based eServer 2.3 is set to officially debut next week at the LinuxWorld Expo in New York City. It will include IBM's VisualAge for Java and the ...
Online music provider MP3.com, Inc. (Nasdaq:MPPP) has been slapped with a copyright lawsuit initiated by the Recording Industry Association of America (RIAA), the company confirmed Friday An MP3.com statement said the firm had been served with a complaint for copyright infringement brought by RIAA in New York federal court.
New data from Forrester Research, Inc. projects that 25 percent of all Internet purchases will be delivered by digital download by 2004 Software and music products are commonly delivered via download at the current time, but books, games and videos are expected to be added to that roster in the coming years.
The Clinton administration recently asked the U.S. Congress to empower the Food and Drug Administration (FDA) to regulate online pharmacies. The Administration asked Congress to appropriate $10 million (US$) for resources to do the job properly The move to regulate online pharmacies was sparked by reports of an estimated 400 Web sites that are alle...
The market for customer relationship management (CRM) products and services will grow from $3.7 billion (US$) in 1999 to $16.8 billion by the year 2003, a compound annual growth rate of 49 percent, according to a recent study from AMR Research The market, which consists of products used by e-commerce companies to service their customers, is expecte...
In what could represent a boon for e-commerce in the world's most populous nation, newly-released figures from the China Internet Network Information Center (CINIC) show that online users in China grew more than four-fold from 2.1 million in 1998 to 8.9 million last year The report indicates that more than 75 percent of Chinese users are under age ...
Australia-based erotic e-tailer AdultShop.com Ltd. has revealed it is in negotiations to acquire a number of U.S. online businesses -- the first stage of its planned expansion into the United States The online retailer, which is listed on stock exchanges in Australia and Germany, will sell adult products like sex toys, videos and lingerie from its ...
Internet healthcare company Healtheon/Web MD (Nasdaq: HLTH) announced today that it will acquire the ENVOY Corporation, a large provider of electronic data interchange (EDI) services to the healthcare industry, for approximately $2.5 billion (US$) The Atlanta, Georgia-based Healtheon/Web MD said that the acquisition will allow it to process two bil...
Direct computer seller Dell Computer Corp. has topped rival Compaq Computer Corp. in U.S. PC sales for the first time ever, according to data released today by both Dataquest and International Data Corp Both analysts attribute Dell's surge to PC sales over the Internet, which, according to IDC, generate $30 million (US$) a day. IDC added that selli...
Giant e-tailer Amazon.com announced deals today and on Friday that are expected to bring in $187.5 million from equity partners that will promote their products to Amazon's 16 million online shoppers In making the deals, Amazon announced that it will receive $105 million over the next three years from online pharmacy Drugstore.com, Inc and $82.5 mi...
Utility software solutions provider Network Associates, Inc. (Nasdaq: NETA) has announced that it is incorporating clustering solutions by Legato Systems, Inc. (Nasdaq: LGTO), a provider of enterprise storage management software, into its new line of e-commerce security appliances Some models in the new WebShield E-ppliance line will be embedded wi...
After failing in its attempt to acquire the JustLinux.com open-source community site, EBIZ Enterprises, Inc. (OTC BB: EBIZ) has launched TheLinuxLab.com to provide technical support to users of the open-source operating system The independent Linux certification authority and open source support provider will complement TheLinuxStore.com, an EBIZ-o...
According to a report from the Yankee Group, many experts are looking at business-to-business (B2B) e-commerce to help the Chinese develop a modern value-added manufacturing and service-based economy The study reports that only 10 percent of the country's 15,000 large and medium-sized state-owned enterprises have gone online. "The private sector ca...
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