Articles by Lori Enos

By 2005, 18 percent of all business-to-business (B2B) trade in Canada will be done online, according to a report released Wednesday by Forrester Research The report, "Canada's B2B Future," found that online B2B transactions will account for US$182 billion of Canada's $1.03 trillion B2B market in 2005....

Online financial services provider E*Trade Group (Nasdaq: EGRP) announced Thursday that it has signed a definitive agreement to acquire online mortgage originator LoansDirect Morningstar.com analyst Alyssa Sibley told the E-Commerce Times that the acquisition is"another indication of [E*Trade's] commitment to diversifying and creating additional st...

The automotive industry is lagging far behind others in terms of e-business progress, according to a study released Wednesday by consulting firm KPMG Brian Ambrose, national industry director of KPMG's automotive practice, told the E-Commerce Times that both automotive suppliers and original equipment manufacturers (OEMs) have been hesitant to join...

The Texas Attorney General's Office confirmed Wednesday that a Walt Disney Co. subsidiary has offered to pay bankrupt e-tailer Toysmart.com US$50,000 to destroy its customer database, including personal information about shoppers, shopping preferences and browser histories If the offer, set to be filed Wednesday, is approved by U.S. Bankruptcy Cour...

Online grocer Webvan (Nasdaq: WBVN) warned Tuesday that its fourth-quarter revenue will fall short of expectations, but said that it anticipates a lower-than-expected loss per share The Foster City, California-based company said that it believes fourth quarter losses will be approximately 23 cents per share, with revenues of approximately US$84 mil...

Adding more figures to what has become a blur of holiday projections and pronouncements, a preliminary report released Monday by the Boston Consulting Group (BCG) and Shop.org shows that online revenues for the 2000 holiday season were up 76 percent over the previous year Revenues did not rise as dramatically as the 300 percent increasebetween 1998...

Despite the economic downturn and a generally gloomy outlook for the dot-world, companies around the globe will increase their spending on business-to-business (B2B) e-marketplaces from US$2.6 billion in 2000 to $137.2 billion by 2005, according to new data from Jupiter Research. Spending in North America alone will grow from $2.1 billion to $80.9

Computer products e-tailer Egghead.com (Nasdaq: EGGS) said Monday that no credit card data was breached when its systems were broken into last month Egghead did concede that some credit card accounts that appear in its system had shown questionable activity, but that it was unrelated to the December hacking....

A host of corporate titans including Microsoft, PepsiCo, DaimlerChrysler, and AT&T have signed a new protocol designed to eliminate some of the pitfalls of business-to-business (B2B) e-commerce The American Arbitration Association (AAA), which announced the "eCommerce Dispute Management Protocol: Principles for Managing Business-to-Business Relatio...

Demonstrating that e-commerce blight is sweeping beyond e-tailers to claim casualties among the companies that serve them, e-commerce transactions services company CyberSource (Nasdaq: CYBS) announced Thursday that it is restructuring its operations and lowering fourth quarter revenue projections The Mountain View, California-based company said it ...

Troubled toy e-tailer eToys (Nasdaq: ETYS) announced Wednesday that it is shutting down its European operations as of January 19th because of the "disappointing recent performance of the company as a whole" and poor market conditions. The move comes despite the company's status as the No. 1 toy e-tailer in Europe. eToys Europe marketing director J...

Responding to pressure from anti-hate groups and concerned users, Yahoo! announced late Tuesday that beginning January 10th, it will ban auctions of Nazi artifacts and other items "that are associated with groups which promote or glorify hatred and violence." Although the Santa Clara, California-based Internet powerhouse said that the move was not...

In what could be the most optimistic in a flood of e-holiday sales estimates,a study released Tuesday by Goldman Sachs and PC Data Online shows thate-tailers managed to rack up almost US$10 billion during the just-concluded season The report said that from the first week in November through December 24th, holiday shoppers spent $9.8 billion online,...

Twenty-two percent of Americans who bought gifts on the Internet in 1999 decided against buying online in 2000, according to a survey released Sunday by the Pew Internet & American Life Project. The survey, which appears to run contrary to more bullish assessments of thejust-concluded year, also suggests that the 2000 holiday shopping season only ...

This week's decision by eBay (Nasdaq: EBAY) to enforce a prohibition on offline deals between members has angered many users, sparking allegations that the Internet auction giant's stated goal of protecting its customers is disingenuous It has long been the official policy of eBay to prohibit members from arranging deals outside the confines of cyb...

While 2001 is expected to build upon"one of the hottest years ever" for tech mergers and acquisitions (M&A), a report released Wednesday by PricewaterhouseCoopers indicates that potential buyers for technology companies will likely shy away from business-to-consumer (B2C) dot-coms. Instead, according to the report, selective investors will be doin...

Texas Attorney General John Cornyn said Wednesday that his office has filed suit to shut down a Virginia-based tobacco e-tailer, E-Commerce Today, that allegedly failed to take precautions to prevent the sale of tobacco products to Texas minors Cornyn said that E-Commerce Today's e-tail site, Supercheapcigarettes.com, failed to verify that online p...

Holiday shoppers more than doubled their online spending this year, according to numbers released Tuesday by Goldman Sachs and PC Data Online From the first week of November through December 17th, online holiday shoppers spent US$8.7 billion, a 108 percent increase over the $4.2 billion consumers spent online during the same period last year....

Computer products e-tailer Egghead.com (Nasdaq: EGGS) said Friday that a hacker has breached its computer systems and may have gained access to its customer database The company added that it has retained the "world's leading computer security experts" to investigate the breach and analyze its security measures....

Online retail sales reached unprecedented levels in November, according to a pair of reports released Thursday One study, the latest National Retail Foundation (NRF)/Forrester Research Retail Index, found that total online spending increased to US$6.4 billion in November, up from $4.4 billion in October....