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The Electronic Commerce and Consumer Protection Group, a working group comprised of seven of the world's leading Internet and e-commerce companies, proposed a set of guidelines Tuesday designed to protect online consumers and "inspire global discussions of legal issues related to consumer transactions in the borderless, instantaneous new medium." R...
A new report by research firm Jupiter Communications (Nasdaq: JPTR) predicts that the total dollars (US$) spent by consumers for online and Web-influenced offline purchases will exceed $235 billion this year and top $831 billion in 2005 "Online consumers are a very powerful audience and tend to be channel agnostic," said Ken Cassar, a senior analys...
America Online (AOL) has been slapped with a cease and desist order by the U.S. Securities and Exchange Commission (SEC) and has agreed to pay a civil penalty to settle charges in the amount of $3.5 million (US$) At issue were AOL's inaccurate financial reports from 1994, 1995 and 1996. The company reported profits instead of losses for six of eigh...
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