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With American television unable to offset a massive time-zone gap, the upcoming Summer Olympic Games in Sydney, Australia is likely to draw more Internet users than any other event in the Web's history, according to lead technology sponsor IBM.

A coalition of 4,200 Ford dealers is forming FordDirect.com, which will enable Net users to select, purchase and finance new automobiles online. Customers can select the Ford dealers that will complete their transactions.

New York City-based Jefferson Market, which began 60 years ago as a small neighborhood shop, has become the first grocer to make its services available to Internet-enabled cellular phones.

In an ironic twist in the online privacy debate, TRUSTe, an organization that monitors Internet privacy issues, was caught violating its own privacy policy Thursday through the use of a third-party software program.

Some dot-com failures seem to come out of the blue, with few public indications of struggle before the companies actually fail. But in other cases, the slow and painful descent unfolds under a hot spotlight as the whole world watches.

A survey released Thursday by the National Automobile Dealers Association (NADA) indicates that e-commerce is paying off handsomely for car dealers that have a well-established Internet presence.

Visitors to scores of porn sites were bilked out of millions of dollars (US$), according to a suit filed Wednesday by the U.S. Federal Trade Commission (FTC) and the New York Attorney General in Manhattan's U.S. District Court.

Despite exponential increases in Internet investment and access, Latin America's e-commerce consumer market figures to remain largely untapped for years to come, according to analysts specializing in the region.

Obviously, the next president and vice president of the United States don't want to rock the boat that is speeding the so-called New Economy to deeper and richer waters. So the candidates are mouthing all the right words: "prosperity," "investment," "expansion," and "innovation."

Time Warner (NYSE: TWX) and America Online (NYSE: AOL) encountered another obstacle to their proposed merger this week when the Walt Disney Co. (NYSE: DIS) called for the release of confidential documents the companies filed with the U.S. Federal Communications Commission (FCC).

U.S. President Bill Clinton will not bar Nippon Telegraph and Telephone Corp. (NTT) from purchasing Internet service provider (ISP) Verio, Inc. (Nasdaq: VRIO), the administration announced Wednesday.

In a ruling handed down Wednesday, a federal judge reduced the potential damages that Internet music download site MP3.com (Nasdaq: MPPP) will have to pay the recording industry, saying that any damages will be assessed per CD infringed, rather than per song.

Three of the world's largest automakers, DaimlerChrysler, Toyota and Volkswagen, have signed separate contracts with i2 Technologies (Nasdaq: ITWO) to power their private online marketplaces.

Intel Corp. announced Wednesday that it will begin building chips for InfiniBand, the emerging technology that is expected to eventually replace the way servers, networks and storage systems interact.

According to the United Kingdom's National Crime Squad, three men were arrested at their homes north of London on Tuesday in connection with a high-tech heist at Egg, one of the Internet's most high-profile banks.