Archive

The U.S. Securities and Exchange Commission (SEC) announced Monday that it has filed suit against a Florida Internet company, Families On Line (FOL) and two executives for allegedly bilking Christian investors out of almost US$4 million. The suit, which was filed in a Miami federal court Friday...

Seeking to beef up its auctions offerings in the face of declining listings, Yahoo! said Tuesday it had forged an alliance with reverse auction provider eWanted. The partnership will give Yahoo! Auctions users in several product categories direct access to eWanted's offerings, which include both ...

PSINet (Nasdaq: PSIX) fell 28 U.S. cents to 72 cents in morning trading Tuesday, after the company said that it will need to restructure some of its debt or face the possibility of default. The Ashburn, Virginia-based Internet services company said that it agreed to sell its PSINet Transaction Sol...

With the deadline for filing U.S. tax returns barely a month away, Intuit and H&R Block have shown no sign of abandoning their dominant status in the online tax preparation and filing sector. However, despite battling to a certain extent for control of the same consumers in a specialized m...

As the high-tech sector continues to take a battering on Wall Street, Amazon founder and chief executive officer Jeff Bezos is reportedly warning investors to steer clear of Internet stocks. In an interview with BBC television that is scheduled to air in the United Kingdom Wednesday, Bezos describe...

Online grocer Peapod (Nasdaq: PPOD) stopped servicing the San Francisco market on Sunday, transferring its customer base to onetime rival Webvan (Nasdaq: WBVN). Peapod said it will turn its attention to its core markets in the Eastern U.S., where its majority owner Royal Ahold has a strong bri...

They say that for the one-year anniversary, paper is the appropriate gift. For the one-year anniversary of the Nasdaq Composite Index's all-time high, the almost unavoidable choice is a loss on paper. On March 10, 2000 the Nasdaq hit its all-time high of 5,132.52 -- an 88 percent increase f...

So it turns out that amid all the teeth-gnashing about the future of e-commerce, business-to-business (B2B) online sales were cooking right along. In fact B2B sales made up 90 percent of all online transactions during 1999, according to a new report from the U.S. Department of Commerce. ...

News about Orbitz, the multi-airline mega-site that promised to revolutionize the way Internet users make travel reservations, began to appear almost two years ago -- before the site even had a name. T2 (aka Travelocity Terminator) was the working title. Now it has a name, but no functionality. G...

No matter what industry you're involved in, here's something you don't want to hear: well-respected analysts saying that your industry will survive long-term, but that you won't be around to enjoy it. Nonetheless, the fact is that the first wave of companies in many fields often fail to survive...

With nearly 300 shopping days left until Christmas, it is certainly too early to start fretting over e-commerce's annual rite of passage, the holiday shopping season. Instead, one might do well to take some time exploring the Internet's least likely stocking stuffers. After all, even amid the dot-...

Federal prosecutors issued an indictment on Friday against three eBay users for self-bidding on their own art auctions in an attempt to spike bid prices. The indictment alleges that the three men used 40 different names on eBay to place over 50 false bids on paintings they auctioned online from...

Cisco Systems (Nasdaq: CSCO) fell US$1.89 to $20.94 in morning trading Friday following reports that the networking-equipment maker plans to cut 5 percent of its workforce. The cuts are a reaction to slumping sales caused by a drop in demand for the company's products, news reports said. Cisco and...

The U.S. Securities and Exchange Commission (SEC) is investigating stock sales made by Amazon.com chairman and chief executive officer Jeff Bezos in February, according to a news report published Friday. The New York Times, citing "a person close to the matter," said that the SEC is looking int...

The U.S. Federal Bureau of Investigation (FBI) issued an advisory Thursday warning that several organized hacker groups, operating out of Eastern European hubs, have stolen proprietary information from hundreds of e-commerce and online banking sites, including customer databases and more than one...