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Americans are growing more comfortable with buying their groceries online, according to a report released Monday by the University of Georgia According to two surveys, taken 18 months apart by the university, there has been a "dramatic change" in the number of experienced online grocery shoppers and the number of people who are willing to buy all o...
An influential group of security analysts has asked Amazon (Nasdaq: AMZN) to provide detailed financial information to allay concerns that the Internet behemoth is teetering on the brink of bankruptcy. The letter, sent Thursday, is the second sent to Amazon this month by the New York Society of Security Analysts' Committee for Corporate Governance...
The online casino industry is set to explode, but legal restrictions could keep U.S. firms out of the fray, according to a report issued Thursday by investment and securities firm Bear Stearns The report, "E-Gaming Revisited -- At Odds With The World," found that the number of Internet gambling Web sites has doubled in the past year: from 600 to 70...
U.S. Senator Joseph Lieberman (D-Connecticut) is urging government leaders to tread cautiously when regulating e-commerce, in order to avoid creating new stumbling blocks that would hinder growth in the volume of international business conducted via the Net Lieberman and Rep. Ellen Tauscher (D-California) unveiled a set of e-commerce principles Th...
Luxury e-tailers who spend millions trying to imitate the offline luxury shopping experience to attract upscale customers may be wasting their money, according to a report issued Wednesday by Forrester Research The report, "Selling to the Affluent Online," warned e-tailers not to forget that wealthy Web shoppers -- even those with investable assets...
A contest posted on BountyQuest asking for examples of technology that would invalidate Amazon's 1-Click patent ended Wednesday without a winner, but with some damage to the intellectual property claim, according to publisher Tim O'Reilly, who launched the initiative. The submissions from the 1-Click bounty hunters included a 1993 Doonesbury carto...
Worldwide business-to-business e-commerce revenues reached US$433 billion in 2000, marking a 189 percent increase over the $145 billion spent online by businesses in 1999 and exceeding industry expectations significantly, according to a study released Tuesday by Gartner Group. Last year, Gartner had predicted that B2B e-commerce revenues would be ...
Yahoo! (Nasdaq: YHOO) announced Wednesday that Anil Singh, its chief sales and marketing officer and senior vice president of business operations, was retiring in early May "to spend more time with his family and pursue personal interests." "Although most of these execs are citing the generic 'personal reasons' line, the likely cause is the fundame...
The Web sites are fancy, and the merchandise is nicely arranged with descriptions telling you exactly what your hard-earned money will buy, but these e-tailers aren't selling books or blenders They're virtual brothels, offering sex for sale. In this special report, the E-Commerce Times takes a look at the oldest profession as it moves into the New ...
Video game giants Nintendo of America and Electronic Arts announced Monday that they would drop a trademark and copyright infringement lawsuit against Yahoo!. The three companies also pledged to work together to prevent the sale of counterfeit video game products through Yahoo! Auctions and Yahoo! Classifieds.
The U.S. Securities and Exchange Commission (SEC) announced Monday that it has filed suit against a Florida Internet company, Families On Line (FOL) and two executives for allegedly bilking Christian investors out of almost US$4 million. The suit, which was filed in a Miami federal court Friday, alleges that Mark Thurman, FOL's chief executive off...
With nearly 300 shopping days left until Christmas, it is certainly too early to start fretting over e-commerce's annual rite of passage, the holiday shopping season. Instead, one might do well to take some time exploring the Internet's least likely stocking stuffers. After all, even amid the dot-com shakeout, the wild side of e-commerce seethes o...
In a bid to gain a bigger share of the online travel market, both Priceline (Nasdaq: PCLN) and Travelocity (Nasdaq: TVLY) unveiled new initiatives Thursday "Name-your-price" e-tailer Priceline said it is now offering last-minute deals on hotel accommodations and airfare to appeal to spur-of-the-moment leisure travelers.
Yahoo! announced Wednesday that it will replace Tim Koogle as chief executive officer and that it is lowering its guidance for the first quarter ending March 31st Koogle will stay on as chairman, the company said....
German automaker Adam Opel, a subsidiary of General Motors (NYSE: GM),announced Wednesday that it is launching a pilot program tosell cars over the Internet at a discount The pilot project is slated to run from March 10th through July31th and will offer six models at discounts of up to 11 percentoff listed prices. The selected cars will range in pr...
Online payment service PayPal announced Tuesday that it has closed on a US$90 million round of equity financing and now plans to work with its partners to expand its services internationally The Series D investment round, which closed on February 16th, included reputable banks from around the world, such as Spanish bank Bankinter, Providian Financi...
Despite widespread consumer fears about online credit card fraud, the No. 1 scam on the Internet is Web auction fraud, according to a report released Tuesday by the U.S. Federal Bureau of Investigation (FBI) and the National White Collar Crime Center Internet auction fraud was the problem in 64 percent of the complaints filed with the government's ...
Consumers spent US$3 billion online in January -- less than half of the $6.1 billion spent online in December -- according to numbers released Monday by the National Retail Federation (NRF) and Forrester Research. "The 50 percent decline in online consumer spending in January is exactly what we would expect of the post-holiday season -- not a refl...
Despite the benefits of business-to-business (B2B) online purchasing, corporate purchasing agents say that they plan to make only 20 percent of their purchases online in the next year, according to a report released Monday by Jupiter Media Metrix Sixty percent of the purchasing agents surveyed for the study, "Getting Procurement Agents To Buy Onlin...
Despite the benefits of business-to-business (B2B) online purchasing, corporate purchasing agents say that they plan to make only 20 percent of their purchases online in the next year, according to a report released Monday by Jupiter Media Metrix Sixty percent of the purchasing agents surveyed for the study, "Getting Procurement Agents To Buy Onlin...

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