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General Motors Corp. Chairman John F. Smith, Jr. told an industry conference last night that the giant automaker expects to transact $50 billion (US$) in business on its new business-to-business (B2B) Internet site by the end of the year Smith also told the Automotive News World Congress in Detroit, Michigan that GM hopes to greatly increase traffi...
Baltimore Technologies (Nasdaq: BALT), a United Kingdom-based provider of e-commerce and enterprise security solutions, announced today that it has acquired U.S.-based e-commerce security provider GTE CyberTrust Solutions in a stock deal valued at $150 million (US$) The deal, which was announced at the opening of the RSA 2000 Security Conference in...
Now that retail e-commerce is leaving the realm of novelty and moving fully into the mainstream economy, customer loyalty stands as a lingering hurdle between e-tailers and profits Customer service improvements and heightened security have counteracted a good deal of consumer resistance to Web shopping. These improvements, however, will be meaningl...
In a move designed to show that owners of intellectual property are determined to protect their assets, seven large American motion picture studios filed lawsuits last Friday in the United States District Courts for New York and Connecticut The plaintiffs were Walt Disney's Buena Vista Pictures, MGM, Paramount, Sony Pictures Entertainment, Twentiet...
One of the major questions to arise from the planned merger between America Online and Time Warner is whether the new company will continue to support the position that cable companies be required to provide open access to the Internet Before the announcement, AOL was the outspoken leader in favor of a Federal Communications Commission (FCC) requir...
A few months ago, America Online had a serious problem Despite the fact that it had grown its user base to 20 million, the company had been frozen out of bandwidth assets, leaving it with no high-speed Internet pipes.
Using a few simple database commands, developers at Russian Web programming company Strategy LLC found customer credit card numbers, passwords, and even employee records and social security numbers "Our developers have detailed knowledge on how easy it is to get information out of e-commerce databases," said Anatoliy Prokhorov, chief executive of S...
E-commerce security solutions provider Entrust Technologies (Nasdaq: ENTU) has launched an initiative with Research In Motion (Nasdaq: RIMM) to offer secure wireless e-commerce solutions to the mobile marketplace Research In Motion (RIM), a provider of wireless data products and services, will first add the Entrust/Express security solution to its ...
Unconfirmed reports circulating on the Usenet suggest that the U.S. government is working with the European Union (EU), Japan, Canada and other countries, including South Africa, on a draft cybercrime treaty that would try to ban hacking and Internet eavesdropping utilities The move, if true, would be the first time that legislatures have started t...
YouBet.com (Nasdaq: UBET), an online gambling site based in Los Angeles, has reportedly agreed to pay $1.3 million (US$) to California authorities to settle an investigation into the company's online horse racing operation in the state According to published reports, the company will pay a $600,000 civil fine, donate $500,000 to charitable causes a...
According to research firm GartnerGroup, Asian B2B e-commerce will top $272 billion (US$) by 2003, with overall Asian e-commerce reaching $340 million "There's a big myth that Asia is light years behind the U.S., but I don't think we're behind at all," said GartnerGroup's Hong Kong-based research director Joseph Sweeney. "We're moving in different ...
Uniform Code Council, Inc. (UCC) subsidiary UCCnet is constructing a giant Web site that will allow companies to exchange Universal Product Code (UPC) information electronically throughout their supply chains The business-to-business (B2B) network will allow information about UPC products such as price changes, new-item introductions, maintenance, ...
According to a new report by Forrester Research, e-tailers will have to find a way to use free delivery offers more efficiently "This holiday season, many online retailers picked up the delivery tab for customers -- a big draw for the 82 percent of consumers who say that shipping matters," the report says. However, the report goes on to point out t...
Becoming chief executive officer (CEO) of Microsoft Corp. (Nasdaq:MSFT) today didn't make Steve Ballmer any more of a diplomat. At a press conference held to announce his appointment to the post, Ballmer addressed rumors that the Department of Justice would press for a breakup of the software giant by describing any such move as "reckless beyond belief."
Rumors that the Justice Department is looking to chop Microsoft Corp. into several "Baby Bills" have been denied as "inaccurate in several important respects." However, by all accounts, the option remains on the table Some observers argue that the breakup scenario is a ploy to prod Bill Gates and Company into serious negotiations, but the fact that...
According to a just-released Jupiter Communications report, 90 percent of online shoppers said they were "largely satisfied" with their 1999 holiday season experiences on the Web Despite the well-publicized problems that consumers had with online traffic overloads, site crashes, poor customer service and failed deliveries, Jupiter reported that con...
Linux vendor Red Hat (Nasdaq: RHAT) announced this week that it has begun shipping a new version of its Linux OS for Compaq Alpha computer systems Red Hat Linux 6.1 Deluxe for Compaq Alpha Systems, created in collaboration with Compaq Computer Corp. (NYSE: CPQ), is optimized for enterprise and Internet applications. The product boasts such features...
NBC Internet (Nasdaq: NBCI) announced an e-commerce venture today with Asiacontent.com Ltd to create a Pacific Rim Web gateway, while separately announcing an agreement with Australia's Seven Network Ltd (ASX: SEV) to develop broadband and e-commerce initiatives The deals build on NBCi's launches of XOOM Italy and XOOM France last year, both of whi...
Online grocer HomeRuns.com announced today that The Cypress Group, a private equity firm, has purchased a $100 million (US$) majority stake in the Somerville, Massachusetts-based company The company claims that the transaction, which is expected to close in February, is the largest private investment ever made in the increasingly competitive online...
Twenty-seven airline companies, led by American Airlines, United Airlines, Northwest Airlines, Continental Airlines, and Delta Airlines, have banded together to form a travel Web site that will offer online discounted fares and ticketing The as yet unnamed site is seen by some observers to be an effort to control the end-to-end travel process, whic...
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