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beenz.com, which has developed a new e-commerce rewards system, announced an exclusive marketing alliance today with Excite U.K.. The joint venture between British Telecommunications and Excite@Home (Nasdaq: ATHM) will begin by offering bonus beenz to its first 100,000 registrants.

Last week, following a supposed off-the-cuff remark made by E*Trade's Chief Executive Christos Cotsakos, rumors flared that online brokerage E*Trade Group, Inc. might soon strike up some type of alliance with a brick-and-mortar financial firm.

KPMG Forms Tax Practice to Meet

International accounting, tax and consulting firm KPMG LLP announced today that it has formed a new e-commerce tax services practice. The company believes that the rise of e-commerce is causing a demand for new tax models and other related services.

Leading office superstore Staples, Inc. (Nasdaq: SPLS) announced today that it is forming a new class of common stock to track the company's e-commerce performance.

TheLinuxStore.com, a division of EBIZ Enterprises, Inc. (OTC BB: EBIZ), further fueled the Linux movement this week by offering e-commerce patrons a low-end PC that ships with a factory-installed copy of the open-source operating system (OS) by Wall Street sensation Red Hat (Nasdaq: RHAT).

The Reader's Digest Association (NYSE RDA) announced today that it has teamed up with Startek, Inc. (NYSE: SRT) to create gifts.com, an online gift shopping service. Reader's Digest is the most widely read magazine in the world, with a paid circulation of about 15 million.

With the issue of Internet regulation shifting front and center on the global agenda, the 19-member National Advisory Commission on Electronic Commerce reconvened Tuesday for a two-day meeting in New York.

FirstLook.com, a new music-sampling Web site, was launched today by MusicNow, Inc. The new site, based on GoTo.com Inc.'s e-commerce model, gives top billing to artists and companies who are willing to pay more per click-through.

AIRbots, Inc. has launched Freescrip.com, a computerized prescription service that will enable doctors to write prescriptions electronically, track their status and make changes. The company believes that their Internet-based service could save physicians over an hour a day.

The first annual Offshore E-Commerce Conference gathers at New York City's Millennium Center today for a three-day event that will explore the benefits of establishing e-commerce ventures or payment solutions offshore.

Online entertainment site amuZnet.com spiced up its offerings this week with the addition of electronic commerce and digital audio downloads. Site owner MediaX Corp. says the moves are a response to an overwhelming demand for the latest interactive features.

3Com To Spin Off PalmPilot Unit

3Com Corp., the second largest maker of computer networking products, has announced that it will spin off its PalmPilot unit.

Lycos, Inc. (Nasdaq: LCOS) announced today that it has formed a $50 million (US$) joint venture with Singapore's national telecommunications company to develop local portal sites in 10 Asian markets. The move is the latest in an aggressive international expansion plan.

AOL Gets 'Flowers' Until 2003

America Online (NYSE: AOL) and online florist 1-800-Flowers.com (Nasdaq: FLWS) announced today that they have extended and expanded their partnership until 2003.

Computers Still Top E-Item

According to BizRate.com's second quarter Consumer Online Report, computers and related accessories continue to lead the charge of consumer buying on the Internet.


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