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Car e-tailer Autoweb.com moved up on the dot-com critical list Thursday with the announcement that it has hired a financial advisor to explore its options, while it fights to avoid delisting from the Nasdaq stock exchange. Autoweb said it was notified last week that it faces delisting because i...
In a bid to gain a bigger share of the online travel market, both Priceline and Travelocity unveiled new initiatives Thursday. "Name-your-price" e-tailer Priceline said it is now offering last-minute deals on hotel accommodations and airfare to appeal to spur-of-the-moment leisure travelers. Fo...
Yahoo! announced Wednesday that it will replace Tim Koogle as chief executive officer and that it is lowering its guidance for the first quarter ending March 31st. Koogle will stay on as chairman, the company said. The announcement, which came after markets closed, followed a halt on the trading ...
Idealab!, the dot-com incubator behind eToys, CarsDirect and PetsMart.com, said Wednesday that it is moving some of its Silicon Valley functions home to the company's Pasadena, California headquarters. The move will result in a number of job cuts over the next few months. "Wherever possible, Id...
Lately, it seems like Internet companies are tripping over each other in a rush to do good deeds. Of course, businesses of all sorts and stripes have long embraced charity as a way of giving back to the community and, to be more cynical about it than is probably necessary, to insulate themselves ...
German automaker Adam Opel, a subsidiary of General Motors, announced Wednesday that it is launching a pilot program to sell cars over the Internet at a discount. The pilot project is slated to run from March 10th through July 31th and will offer six models at discounts of up to 11 percent off lis...
While Amazon.com has maintained its official silence on a rumored partnership with Wal-Mart, a top Amazon executive said Wednesday that the e-tailer is interested in linking with brick-and-mortar stores. Amazon chief financial officer Warren Jenson reportedly told analysts gathered at the Merri...
Online business-to-business (B2B) deals comprised 90 percent of all online sales in 1999, accounting for a "remarkably large share" of overall e-commerce activity, according to data released Wednesday by the U.S. Department of Commerce. According to the government office, the statistics for 1999,...
Perhaps the tone for eToys' imminent farewell from e-commerce was set in February, when the online retailer specifically warned investors that its own stock was "worthless." Forget about defiant last words. Forget about "if only" or "should have" disclaimers. Instead of going out with a bang, e...
Maybe there's truth to the published rumors that Amazon and Wal-Mart are engaged in some type of partnership talks, but there is no comment coming from the Great Northwest about it. Maybe the public relations spin machine was put out of commission by the earthquake that hit Seattle, Washington l...
Online payment service PayPal announced Tuesday that it has closed on a US$90 million round of equity financing and now plans to work with its partners to expand its services internationally. The Series D investment round, which closed on February 16th, included reputable banks from around the w...
JDS Uniphase (Nasdaq: JDSU) fell 75 U.S. cents to $27.25 in morning trading Wednesday, after lowering, for the second time, sales and earnings estimates for the quarter ending March 31st. JDS, a maker of fiber-optic components, said the lowered outlook "reflects continued uncertainty in carrier ...
Two days after cutting 12 percent of its workforce, computer and software e-tailer Egghead.com said it had secured US$20 million from IBM's commercial financing wing. Egghead said Wednesday that the loan from IBM Global Financing was secured with its inventory, accounts receivable and other ass...
Despite widespread consumer fears about online credit card fraud, the No. 1 scam on the Internet is Web auction fraud, according to a report released Tuesday by the U.S. Federal Bureau of Investigation (FBI) and the National White Collar Crime Center. Internet auction fraud was the problem in ...
PurchasePro rose US$1.19 to $11.44 in morning trading Wednesday, after the e-commerce company said it is "on track" to meet its financial targets for the year. PurchasePro said it was "responding to numerous investor and media inquiries" after its announcement of the acquisition of BayBuilder, a t...
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