Articles by Nora Macaluso

The planned acquisition of Lycos, Inc. by Spain's Terra Networks (Nasdaq: TRRA) is set to close this month with Lycos shares valued at $65 (US$) apiece, the companies said Tuesday After a strong start, Lycos shares ended up falling $1 for the day to 38 5/8. The shares are trading below the mid-70 range seen when word of the proposed merger surfaced...

With more Americans going online each day, the typical online consumer is no longer the "Internet geek" of lore, according to a report released Monday by Yankee Group, a Boston, Massachusetts-based research and analysis firm "The Web is no longer the virtual playground of well-educated males and technology aficionados," Yankee said. "The online con...

According to statistics firm PC Data, the pace of business at the top online retailers in September was virtually unchanged from August, marking the second consecutive month of lackluster activity The report comes as e-tailers gear up for the holiday selling season, which many observers view as crucial to the long-term health of e-commerce.

Yahoo! Inc. (Nasdaq: YHOO) announced Tuesday that it posted better-than-expected results for the third quarter, topping analysts' earnings estimates by a penny per share. Revenue rose 90 percent from a year earlier While the results would appear to show the slowdown in Internet ad spending this year has not hurt the company, Yahoo! shares dropped n...

Sweepstakes-style Web sites, frequented by women and people over 50, were heavily represented on the Media Metrix list of top 10 newcomer Web sites for August One promotional sweepstakes site, DineroReal.com, became the first Spanish-language site to join the list, which was released Tuesday.

The U.S. Federal Trade Commission (FTC) said Thursday it has charged an overseas company and its principals with billing consumers and attempting to collect payment for Internet-based adult entertainment services and international phone calls that were never purchased or authorized According to the commission, Verity International Ltd. and the othe...

WebHouse Club, a licensee of name-your-price e-tailer Priceline.com (Nasdaq: PCLN), announced Thursday it will wind down its grocery and gasoline operations over the next 90 days Another Priceline licensee, Perfect Yardsale, Inc., has also ceased operations, Priceline said Thursday. The company announced it will review its operations in the fourth ...

The Internet advertising industry saw $2.1 billion (US$) in revenue in the second quarter, with year-to-date sales approaching the total for all of last year, according to a study released Tuesday by the Internet Advertising Bureau and PricewaterhouseCoopers "While the online advertising industry may be taking a breather from its explosive growth o...

Consumers are leery of online alternatives to traditional banking and will require an extra push from financial institutions to take their business online, according to a report released Tuesday by Deloitte Consulting The study of consumer habits in 10 countries found that two-thirds of consumers do not consider online services important and that a...

TIAS.com, a company that helps antique and collectibles dealers sell their merchandise over the Internet, announced Thursday it is launching a national chain of consignment centers that will allow people without Web access to sell their antiques and collectibles on eBay, Inc. (Nasdaq: EBAY) The Houston, Texas-based company will photograph, caption ...

WorldCom (Nasdaq: WCOM) has gone to court to appeal the European Commission's rejection of its proposed merger with rival phone company Sprint (NYSE: FON), saying the decision was misguided The companies called the merger off on July 13th. However, according to WorldCom general counsel Michael Salsbury, "the implications of the commission's decisio...

America Online, Inc. (NYSE: AOL) and Japan's NTT DoCoMo announced plans Wednesday to provide wireless Internet services in Japan and other countries as well AOL, the world's largest Internet service provider (ISP), and NTT DoCoMo, Japan's biggest mobile Internet services company, said they will collaborate on ways to "drive the development of next-...

Retailers relying on a combination of physical stores, catalogs and Web sites tend to do more business than those that offer just one option, according to a study conducted for the National Retail Federation (NRF), the trade group representing the retail industry "Multi-channel retailers who can effectively harness the power of cross-channel integr...

NBC Internet, Inc. (Nasdaq: NBCI) unveiled a new Internet portal Monday that consolidates the company's consumer Internet properties under a single name, showcasing their affiliation with NBC's television networks The new NBCi.com site, which is being publicized through a large television advertising campaign that began during the Olympic Games, co...

Internet incubator CMGI, Inc. (Nasdaq: CMGI) reported a smaller-than-expected loss for the fiscal fourth quarter as revenue from its search engines soared CMGI chairman and chief executive officer David Wetherell also said the company will go ahead with the initial public offering (IPO) of its AltaVista unit by the end of Q1 2001.

Shares of eBay, Inc. (Nasdaq: EBAY) surged 10 7/8 Wednesday to close at 76 9/16 after company executives presented analysts with ambitious plans to grow close to 50 percent each year and achieve revenue of $3 billion (US$) by 2005 The gain will be accomplished "while maintaining profitability as a cornerstone of our strategy," said eBay president a...

E-commerce is likely to grow by 50 percent each year over the next 10 years, and sales at Amazon.com (Nasdaq: AMZN) "should be able to grow at that rate or even faster," said Amazon founder Jeff Bezos Tuesday "There's a lot of headroom in this industry," Bezos told analysts and investors at a Reno, Nevada meeting that was also broadcast over the In...

In a move aimed at allowing its subscribers to spend more time -- and do more shopping -- on the Web, America Online, Inc. (NYSE: AOL) has said its UK division will offer Internet access for a flat monthly fee The service, which will be rolled out in stages starting with the longest-standing members, will cost 14.99 British pounds -- about $21 (US$...

The U.S. Securities and Exchange Commission (SEC) has settled its lawsuit against an e-tailer it said raised approximately $3.8 million (US$) from investors by touting false information about plans for an initial public offering (IPO) Austin, Texas-based 1stBuy.com, Inc. and its founder and chief financial officer, Roger D. Pringle, made "false and...

America Online, Inc. (NYSE: AOL) has announced the creation of a "Bargain Basement" area on its Web site, with brand-name clothes, consumer electronics, housewares and other items offered at prices up to 80 percent below retail AOL also said it made an equity investment in SmartBargains, a new company signed to be a premier Shop@AOL merchant partne...