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High-tech stocks continued to get slammed Wednesday after a batch of analyst downgrades and corporate earnings warnings ignited an investor selloff, toppling the major indices. The Nasdaq composite stock index fell 178.78, or 7.12 percent, to 2332.93, its lowest close in 20 months and its seventh ...

With the nomination Wednesday of Don Evans as U.S. Secretary of Commerce by President-elect George W. Bush, many e-commerce analysts are wondering how the potential new Cabinet member will affect the New Economy. So far, little is known about the technology views of Evans, who is reportedly one of B...

Digital currency site Beenz said Tuesday that it is laying off 25 employees from its New York City and San Francisco, California offices and will close some of its other offices. The company said that the cuts came after an in-depth analysis, including a strategic review of its global business...

Spurred on by the success of Stephen King's e-book experiment and low distribution costs, the digital book industry in the United States is set for an explosion over the next few years, according to a report issued Tuesday by research firm IDC. IDC senior analyst Malcolm Machlachlan told the E-C...

Most online financial services have yet to gain a foothold among consumers, according to a study released Wednesday by business services firm Mercer Management Consulting. As part of its report, Mercer found that the number of Internet users who had purchased insurance, loans or mortgages online la...

Many brick-and-click Web merchants are following a basic recipe for success this holiday season, according to a new report from the Yankee Group. According to "Performance Enhancing Strategies for Online Retailers," such offline mainstays as JCPenney.com, LandsEnd.com, and SharperImage.com will ...

Answerthink, Inc. (Nasdaq: ANSR) was down 11/32 at 3 21/32 early Wednesday after the Internet consulting company said it will take a charge to fourth-quarter earnings as it reduces its dependence on dot-com clients. The Miami, Florida-based company said it expects pro forma net income for the quart...

Online auction leader eBay said Wednesday it has begun to give its users direct access to United Parcel Service shipping options through the eBay Web site. The partnership, which UPS called the first integration of a shipping company into an e-commerce site, is designed to make it easier for eBay ...

eBay, Inc. (Nasdaq: EBAY) fell 6 to 32 5/16 Tuesday after Dain Rauscher Wessels analyst George Sutton reportedly slashed his price target for the stock to $50 from $115. Reports said Sutton changed his view of the online auctioneer to reflect the current market environment.

Don't look now, but a host of dot-coms that never took a dime of venture capital are now turning a profit. That's right. Not mid-2002. Now -- before the end of the year 2000. These companies don't have household names, their sales numbers don't inspire gasps of awe and they're light years from eve...

Educational toy e-tailer SmarterKids has narrowly edged out the powerhouse partnership of Toysrus.com and Amazon.com to secure the title of best online toy and game seller overall, according to Forrester Research rankings released Monday. Forrester said SmarterKids won its first-place showing b...

Remember when people actually wondered if there would be a dot-com shakeout? Remember when you were Chicken Little if you displayed any anxiety about the New Economy? When the sky finally fell -- and fell hard -- you were not alone if you were caught by surprise. After all, most analysts and invest...

Further indicating that e-commerce is here to stay, a study released Tuesday by Andersen Consulting shows that Internet shopping and browsing are "directly influencing" consumer spending in brick-and-mortar stores. "This holiday season, a Web site ceases to be a nice addition or an experimental ma...

Just one month after MP3.com brought to a close its costly legal contest with industry giant Universal Music Group, the online music service has been hit by a copyright infringement lawsuit by Internet subscription site EMusic. The action charges MP3.com and its streaming service MyMP3.com with ill...

IBM announced Tuesday that it is partnering with e-government technology company EzGov to develop and market e-commerce services for local governments. The companies hope that the arrangement will help them cash in on the emerging e-government market.