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According to a study released today by PricewaterhouseCoopers, venture capital funding in the United States increased nearly 150 percent to $35.6 billion (US$) last year, with Internet-related companies drawing 56 percent of that total.

Linux software solutions provider Red Hat, Inc. (Nasdaq: RHAT) has expanded its European business apparatus by establishing Red Hat France and Red Hat Italy.

This week's denial-of-service (DoS) attacks on high profile Web sites such as Yahoo!, eBay and Amazon.com have the potential to translate into future profits for companies that offer protective online services such as insurance and security software.

In the wake of this week's attacks on some of the Internet's most popular Web sites, the White House has announced that it will convene an Internet security summit with high-tech industry leaders next week.

Despite failing to generate a significant amount of campaign contributions, the Web site of Republican presidential candidate and Texas governor George W. Bush has been rated the best among the remaining candidates by a Forrester Research study.

The number of travelers booking airline flights and hotels over the Internet has increased 146 percent in the past year, according to a report released this week by the Travel Industry Association of America (TIA).

Top air carriers United Airlines and Delta Air Lines significantly expanded their Web presence by announcing new consumer and corporate e-commerce travel services this week.

At a news conference Wednesday, the Federal Bureau of Investigation said that it is mounting a worldwide hunt for those responsible for a wave of cyber-attacks against major Web sites.

The Internet and e-commerce fell victim to a third full-scale hacker assault in as many days Wednesday, as online broker E*Trade and a number of other sites had traffic disrupted by a coordinated stream of data requests from multiple Internet addresses.

The six electronic commerce business members on the Advisory Commission on Electronic Commerce (ACEC) tried yesterday to strike a compromise between deadlocked groups by urging the U.S. Congress to extend the current tax moratorium on Internet sales for five more years.

Earlier this week, when the U.S. Federal Trade Commission (FTC) announced that it is promoting mediation over lawsuits as a means to resolve online disputes between e-tailers and consumers, I welcomed the news.

At a summit meeting in Washington, D.C. this week, the three largest commercial insurance trade associations in the United States called upon the government to refrain from erecting regulatory barriers to insurance e-commerce and recommended 12 principles to be followed in its regulation of the indu...

Online Visa card provider NextCard, Inc. has lent some legitimacy to the often-maligned world of "electronic currency" by entering into a strategic partnership with Flooz.com, a company that provides "gift currency" that can now be used at more than 60 Internet stores.

In the wake of a series of high profile denial-of-service attacks that have heightened public fears about the Internet and e-commerce, the Information Technology Association of America (ITAA) has announced E-Shield, a campaign that is intended to counter online security breaches and attacks.

Japan's rush to soar into cyberspace reportedly made it easy for hackers to attack government Web sites last month, and the country's vulnerability is reflected in similar attacks on major U.S. sites this week.


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