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Despite a net loss of 9 U.S. cents per share over the second quarter of 2001, Yahoo! gained a minor victory in front of Wall Street on Wednesday, with the announcement that its pro-forma net income for the quarter was a penny per share. "There is no single event that will transform this company,"...

Membership targets for Project ACTION -- a program through which consumers and businesses would initiate payments to a seller via their own financial institutions, rather than authorizing the seller to debit their accounts -- have been reached, the Electronic Payments Association announced Tuesda...

In most parts of the country, it was a news item that was easy to miss, but it was front page news in New Orleans when Lawrence E. Williams became the first person tried under the 1998 federal identity fraud statute. In all, Williams, 22, was charged with 14 counts of identity fraud. When it be...

Usage of the Internet at work increased 23 percent in the past year, reaching a total of 42.3 million surfers, according to a report released Wednesday by Nielsen//NetRatings. "What's interesting about the latest trafficking numbers is (how they compare to) home surfing," NetRatings vice preside...

Although American consumers increasingly view themselves as the "first line of defense" in the fight to safeguard personal information online, firms conducting business on the Internet need to offer stronger privacy protections, according to a new study released Tuesday by the Privacy Leadership ...

Giving a boost to business-to-business (B2B) e-commerce Down Under, the Australian government announced Tuesday it would be handing out US$6.64 million in funding for B2B projects over the next five years. The Information Technology Online (ITOL) grant program offers grants of up to $102,000 for ...

Battered Internet incubator CMGI on Tuesday replaced its longtime chief financial officer with a former Bertelsmann executive as it continues trying to stem rising financial losses. The hiring of new CFO George McMillan, the former president and chief executive officer of BMG Direct -- the Ber...

Online auto classifieds site AutoTrader.com said Tuesday that it has inked a deal to host the used automobile search platform of FordDirect.com, the Internet venture of participating Ford dealers and Ford Motor Company. Under the new alliance, FordDirect car dealers will now have their used car i...

Depending upon where you got your news about Webvan closing up shop and filing for bankruptcy protection, it was either called the end of a dot-com era or proof positive that pure plays can't float in today's turbulent economic ocean. But is Webvan's closure evidence of anything so grand? No. Not...

The online advertising market will remain soft until the second half of next year, said executives at Internet marketing company DoubleClick on Tuesday, after the company reported a wider loss for the second quarter ended June 30th. "The second quarter was another difficult one, and we expect t...

The shutdown of long-struggling Webvan on Monday leaves several major U.S. areas without any online grocery service, as well as with no clear indication of how quickly the sector's remaining competitors will rush to fill in the gaps. In particular, large pockets of the South appear to have been ...

Travel site Expedia.com said Tuesday it has struck a deal to have its Internet search technology licensed to more than 20,000 online and offline travel agents around the world. The move creates another battlefield in the ongoing war for travel-related e-commerce dollars. One of Expedia's main on...

A recently acquired subsidiary of Microsoft, Great Plains Business Solutions, announced Tuesday that it is partnering with business-to-business (B2B) software provider Clarus Corporation to offer B2B e-procurement software. The new product, called eProcure, is designed for use by businesses looki...

Analysts disagree on whether Monday's announcement by CBS MarketWatch -- that the financial Web site will stop providing its clients with click-through rate information in its advertising reports -- will cause the e-commerce industry to break free of the click-through status quo. Yankee Group analy...

Brick-and-click brokerage E*Trade will pay a US$90,000 fine for advertising and marketing tactics that the National Association of Securities Dealers (NASD) deemed misleading to investors. NASD Regulation, a branch of the securities industry group, said Monday it also censured E*Trade for violat...