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A new report by Forrester Research predicts that an emphasis on infrastructure and high-level services will allow online pharmacies to emerge as e-commerce success stories over the next two years "Forrester believes that online pharmacies will rise to the challenge of selling prescription drugs online -- ringing up $15 billion (US$) in sales in 200...
The burgeoning online gambling industry won a political victory Monday when a bill to ban online casinos failed to pass the U.S. House of Representatives. A similar bill has already been passed in the Senate Although lawmakers voted 245-159 in favor of the measure, it fell 25 votes short of the two-thirds majority needed for approval, according to ...
The Recording Industry Association of America (RIAA) is not impressed with the defense offered by Napster that its service is no more illegal than using a VCR to record television shows. In a brief filed in the United States District Court for the Northern District of California, the RIAA called Napster's position "meritless." The RIAA's brief was ...
The Internet Corporation for Assigned Names and Numbers (ICANN) on Sunday formally voted to expand the number of top level domains (TLDs) on the Internet and invite potential registrars to submit plans for additional Web suffixes that could be in operation by early next year The resolution -- which was passed unanimously by ICANN's 19-member board ...
In a bid to expand its presence in the burgeoning wireless market, e-commerce portal Buy.com (Nasdaq: BUYX) is purchasing wireless e-tailer Telstreet.com for about $7.9 million (US$) in stock The Aliso Viejo, California-based company says the acquisition will add a new product category to its Web site, which currently offers computer products, soft...
More Americans than ever are using the Internet to shop for and purchase new cars, according to a new survey from research firm GartnerGroup The survey shows that from September 1999 to March 2000, 45 percent of the 40,000 households surveyed used the Internet at some point in the car buying process and 3 percent actually bought their cars online.
The U.S. Federal Trade Commission (FTC) has settled its case against a group of online pharmacies charged with false advertising and operating an unauthorized credit card processing scheme According to the FTC charges, which were filed on July 6th in a federal trial court in Nevada, the online pharmacies advertised a nonexistent network of physicia...
Online auction giant eBay, Inc. is reportedly scaling back its live auction business and will instead concentrate on Web auctions of the high price art and antiques that were central to that operation After shelling out $260 million (US$) just 15 months ago for the Butterfield & Butterfield live auction house, eBay is now going to lay off about fiv...
American seniors 55 and over have embraced the Internet and are shopping and surfing online in ever increasing numbers, according to a study released Tuesday by Internet research firm Greenfield Online The Surfing Seniors Digital Consumer survey found that more seniors are shopping online than a year ago. Surprisingly, the survey also revealed the ...
According to a report released Tuesday by New York-based eMarketer, three of four Internet users will be shopping online by 2003, and 68 percent of all U.S. Web users will be online shoppers by the end of this year The study, the eConsumer Shopping Report, also predicts that U.S. revenues from online shopping will reach $37 billion (US$) by year-en...
What laws apply in cyberspace? That is the question the American Bar Association (ABA) set out to answer two years ago when it began the ABA Global Cyberspace Jurisdiction Project The report, released Monday, describes a borderless frontier in need of a set of multinational rules that are not dependent upon physical location.
The World Intellectual Property Organization (WIPO) -- the United Nations tribunal responsible for overseeing Internet domain name disputes and other intellectual property issues -- is launching a new offensive against cybersquatters To date, WIPO has focused its efforts on stamping out the registration of misleading domain names that include exist...
The world's leading chief executive officers are calling on the G8 heads of government to advance a comprehensive approach on e-commerce and information technology at the G8's July summit in Okinawa In a letter to the leaders of the world's eight major industrial countries, the G8, the Global Business Dialogue on Electronic Commerce (GBDe) committe...
Lloyd's of London, one of world's largest insurance firms, has partnered with San Jose, California-based Counterpane Security, Inc. to offer insurance against business losses due to mischief by hackers Counterpane said the insurance program will protect against the loss of revenues and information assets caused by Internet and e-commerce security b...
Bank of America is teaming with NIC Commerce to form a new company that will provide electronic payment and purchasing services to state and local governments Bank of America says the new venture is the first Web-based solution to integrate shopping and payment functions for the public sector. The new offering, dubbed "Banc of America Purchase Stre...
Hoping to fend off government regulation of online privacy, the Internet Advertising Bureau (IAB), a trade group that counts among its more than 300 members some of the most recognized names in cyberspace, has issued a set of privacy guidelines for companies doing business on the Internet While members are being encouraged to develop their own stan...
Japanese electronics giants Sony (NYSE: SNE ), Matsushita, and Toshiba announced Monday that they are banding together to develop interactive services for digital television The new venture set to launch this fall will include a wide range of digital TV services such as tele-shopping and on-demand music and video games. The companies will join forc...
Nine airlines announced Thursday that they are banding together to launch a new online travel exchange for the Asia-Pacific region in the fourth quarter of this year The airlines involved are Cathay Pacific Airways, China Airlines, Malaysia Airlines, Qantas Airways, Royal Brunei Airlines, Singapore Airlines, Air New Zealand, Ansett Australia, and A...
The U.S. Federal Trade Commission (FTC) announced that settlements have been reached in deceptive advertising cases brought against Buy.com, Value America and brick-and-click retailer Office Depot According to the FTC, ads run by the three companies offering "free" and "low-cost" computers were misleading because the promotions required purchase of...
IBM (NYSE: IBM) announced Wednesday that it is investing over $1 billion (US$) to develop and promote its core Internet middleware technology, the IBM WebSphere software platform The infrastructure software helps companies at each stage of e-business development: from startup, to supply chain management, to high volume Web transactions. Middleware ...

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