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MP3.com, Inc. (Nasdaq: MPPP) was down 1/32 at 4 early Tuesday after EMusic.com, Inc. (Nasdaq: EMUS) said it sued the online music company for copyright infringement. Emusic filed a complaint in a federal court in New York, alleging that MP3 is using their music without authorization. Fearless Reco...
Less than two weeks after shelving an intended expansion into Japan, Priceline.com said Monday it has canceled plans to launch its name-your-price e-tail service through a subsidiary in Australia and New Zealand. As observers begin to question the viability of Priceline's business model, Morningst...
Garden.com (Nasdaq: GDEN) was down 3/128 at 5/128 after the e-tailer said it expects its stock to be delisted from the Nasdaq Stock Market. The Austin, Texas-based seller of garden products said it could be off Nasdaq by February 9, 2001, or sooner if shareholders at a meeting January 8th approve a...
BEA Systems, Inc. (Nasdaq: BEAS) gained 1 15/16 to 73 5/16 Tuesday after the company, which makes e-business software, said Business Europe will use its WebLogic server to deliver news, advice, online forums and e-commerce marketplaces to businesses in Europe. Business Europe provides its customers...
America Online, Inc. (NYSE: AOL) fell 6.72 to 42.24 on Monday after merger partner Time Warner, Inc. warned of weak fourth-quarter results. Time Warner said it will take a charge of US$20 million to $40 million in the quarter to pay for the restructuring of an agreement with Road Runner, a high-spe...
MVP.com, the sports e-tailer backed by athletic superstars Michael Jordan, John Elway and Wayne Gretzky, announced Monday that it will close its offices in Boulder, Colorado and Austin, Texas, and lay off 48 percent of its 166 employees. The restructuring will eliminate the positions of 39 employee...
As America prepares once again to celebrate a new year, all the usual national rituals are getting ready to make the rounds. Those with ever-expanding waistlines will go on diets, sinners will make resolutions to behave, and oh yes... e-commerce stalwarts of all ideologies will renew the fight on wh...
The Internet landscape will soon be populated by more women than ever before, but will be littered with even more dot-com casualties, according to a new report from the Yankee Group. The Boston, Massachusetts-based consulting firm also believes that 2001 will see more government regulations to...
A latecomer to the dot-com stage, discount e-tail site BlueLight.com is dancing as gracefully as it can through its first holiday season, sidestepping technical glitches caused by the seasonal shopping boom while displaying a variety of marketing moves that are drawing in more shoppers. A report re...
Blaming weaker-than-expected holiday sales, eToys said Friday it will miss its revenue estimates for its third quarter and announced plans to cut its workforce next month in a bid to conserve a dwindling cash supply. eToys said it will have net sales of US$120 million to $130 million for the quart...
Online shoppers in Australia will do 17 percent of their holiday shopping on the Web this year, compared to only 7 percent last year, according to a survey released Monday by Ernst & Young. The consulting firm said that 10 percent of online shoppers will spend 50 percent of their holiday s...
After getting off to a strong start this holiday season, e-tail sales saw a "significant, unanticipated deterioration" in the week ended December 10th, according to the latest weekly survey by Goldman Sachs and PC Data Online. The study found that e-tail sales are higher than 1999 levels, but that ...
Internet grocery service HomeGrocer.com has slashed roughly 100 jobs -- the second workforce reduction in recent months -- as it continues consolidating operations with Webvan Group, Inc. (Nasdaq: WBVN). Webvan purchased HomeGrocer for US$1.2 billion earlier this year. The current round of layof...
Agency.com (Nasdaq: ACOM) fell 7/8 to 3 Friday after the company announced a restructuring that includes the closing of its office in Vail, Colorado and lowered its projections for fourth-quarter earnings. The New York-based Internet consultant said the restructuring involves 190 layoffs, resulting...
Oracle Corp. (Nasdaq: ORCL) rose 1 1/16 to 28 9/16 Friday after the software maker reported solid results for the second fiscal quarter. Analysts at Lehman Brothers and Prudential Securities reportedly repeated favorable recommendations on the stock following the news, with Lehman calling the share...
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