Archive

Online travel sites racked up US$1.2 billion in sales in January, accounting for nearly a third of all e-commerce transactions for the month, according to a study released Tuesday by Nielsen//NetRatings and Harris Interactive. The study said that online travel spending in January climbed 17 per...

Two weeks after rumors surfaced that Amazon would link with retail giant Wal-Mart, a report Monday said that the e-tailer is now discussing a strategic alliance with consumer electronics seller Best Buy. Representatives from Amazon and Best Buy refused to comment on the report, which said that ...

There sat Amazon chief executive officer Jeff Bezos, up on the dais at the high-tech summit, telling investors, again, not to buy shares of dot-com stocks like his company's. It was sound advice, but I'm convinced it was just cover. A distraction. I'm sure that as he spoke, just off-camera, another...

Only two weeks after Egghead.com announced it was laying off 77 employees to cut costs, the computer software and hardware e-tailer said its chief financial officer, John Labbett, is leaving to "pursue a new opportunity closer to his home in Los Angeles." On March 7th, two days after the massiv...

Americans are growing more comfortable with buying their groceries online, according to a report released Monday by the University of Georgia. According to the two surveys taken by the university 18 months apart, there has been a "dramatic change" in the number of experienced online grocery sho...

Research In Motion (Nasdaq: RIMM) gave up an early-morning gain sparked by news of an alliance with Lucent (NYSE: LU), and traded at midmorning at US$28.88, down 62 cents. Earlier, the stock rose as high as $31.50. The agreement will make Research In Motion's BlackBerry handheld e-mail devices com...

Solectron fell US$1.69 to $19.80 in morning trading Tuesday, after the contract manufacturer of electronics issued a warning for the year ahead and announced plans to cut 10 percent of its jobs. Solectron chairman, president and chief executive officer Koichi Nishimura said that the company is "...

PSINet (Nasdaq: PSIX) was down 19 U.S. cents at 53 cents in Monday morning trading after the Internet services company said it hired a financial adviser to help restructure its debt. Based in Ashburn, Virginia, the company said it hired Dresdner Kleinwort Wasserstein to help it "explore alternative...

An influential group of security analysts has asked Amazon to provide detailed financial information to allay concerns that the Internet behemoth is teetering on the brink of bankruptcy. The letter is the second sent to Amazon this month by the New York Society of Security Analysts' Committee f...

A group of investors filed a lawsuit against Priceline.com Friday, alleging that the name-your-price e-tailer conspired to drive up the price of its shares after its initial public offering (IPO). The suit alleges that Priceline's underwriters exchanged shares at the offering price of US$16 ...

The widescale deployment of broadband access, combined with intensified competition among communications, entertainment and technology firms, is likely transform current e-business models in the coming year, according to a study released Monday by Ernst & Young and Cap Gemini Ernst & You...

The online casino industry is set to explode, but legal restrictions could keep U.S. firms out of the fray, according to a report issued Thursday by investment and securities firm Bear Stearns. The report, "E-Gaming Revisited -- At Odds With The World," found that the number of Internet g...

After surviving the dot-com shakeout and now a slowing economy, many e-tailers are too distracted to remember one of the essentials of running a smart business: Listen to the customer. Why is it that online merchants can't seem to hear what their current and potential customers are telling them...

U.S. Senator Joseph Lieberman (D-Connecticut) is urging government leaders to tread cautiously when regulating e-commerce, to avoid creating new stumbling blocks that would hinder growth in the volume of international business conducted via the Net. Lieberman and Rep. Ellen Tauscher (D-Californ...

With the goal of encouraging Web merchants and shoppers to use personal checks for e-tail sales, the Electronic Payments Association instituted new rules Friday for how electronic checks are processed. The new rules will govern how Internet merchants accept payments by check sent through the as...