Articles by Nora Macaluso

America Online (NYSE: AOL) on Monday unveiled a set of new music products that the Internet behemoth said "lay the foundation" for a range of planned music services, including a subscription-based program AOL said the new services -- a content site for music fans and a radio network -- will complement existing music offerings to provide listeners "...

While Napster prepares to relaunch its site as a paid service, Web sites that offer file-sharing services like the one Napster made famous are picking up traffic, according to a report released Friday by Jupiter Media Metrix The report said that Napster is being replaced by several sites, resulting in a fragmented market that could make it harder f...

Online travel company Travelocity (Nasdaq: TVLY) reported income late Wednesday of 8 U.S. cents per share -- before special charges -- for the second quarter ended June 30th, topping analyst estimates by 3 cents After expenses for goodwill amortization and other charges, however, the company ended up with a net loss of $24.1 million, or $1.22 per s...

Computer maker Compaq (NYSE: CPQ) has been expanding beyond personal computers, and is now providing handheld devices, servers and storage systems, inaddition to software and consulting services. The Houston, Texas-based company designs, manufactures and markets a range of computer products in more than 200 countries Compaq, which says its "vision"...

A slowdown in advertising spending by car dealers will lead to a bigger loss than previously expected at Autobytel.com (Nasdaq: ABTL) for the quarter just ended, the online automotive company said late Monday Autobytel said it expects revenue of US$15 million to $16 million for the second quarter ended June 30th, with a loss before interest, taxes,...

UK online travel agency Lastminute.com (Nasdaq: LMIN) said Monday it has acquired Urbanbite.com, a Web-based company that delivers take-out food in the UK and the Netherlands Lastminute said it will issue 442,151 shares to pay for the acquisition, valuing Urbanbite at about 140,000 British pounds (approximately US$196,000). Lastminute said it expec...

HomeRuns.com, a privately held company that ran an online grocery service in Boston, Massachusetts, and Washington, D.C., said late Thursday it has stopped service in both markets and is beginning the "orderly winding-down" of its operations The Burlington, Massachusetts-based company said its "efforts to raise theadditional capital necessary to co...

Online auctioneer eBay (Nasdaq: EBAY) and electronics e-tailer X10.com saw big gains in traffic in June, according to monthly statistics released Thursday by Jupiter Media Metrix (Nasdaq: JMXI) However, the research firm said the rankings are misleading because of the companies' use of pop-up and pop-under ads, which automatically open windows to t...

The online advertising market will remain soft until the second half of next year, said executives at Internet marketing company DoubleClick (Nasdaq: DCLK) on Tuesday, after the company reported a wider loss for the second quarter ended June 30th "The second quarter was another difficult one, and we expect these conditions will persist through at l...

Brick-and-click brokerage E*Trade (NYSE: ET) will pay a US$90,000 fine for advertising and marketing tactics that the National Association of Securities Dealers (NASD) deemed misleading to investors NASD Regulation, a branch of the securities industry group, said Monday italso censured E*Trade for violating NASD advertising rules and supervisory me...

Online grocer Webvan (Nasdaq: WBVN) said Monday it has ceased operations in all its markets and will file for bankruptcy protection "The company has no plans to resume operations, and it will pursue an orderly wind-down of its operations and sale of its assets and business," Webvan said....

Internet consultant Organic (Nasdaq: OGNC) has joined the growing list of former dot-com high fliers facing a Nasdaq delisting Late Tuesday, the San Francisco, California-based company said it is seekinga hearing from a Nasdaq panel to avoid delisting. Organic shares have not traded at the Nasdaq's minimum bid price requirement of US$1 per share si...

Staples (Nasdaq: SPLS) is proceeding with plans to buy back its online unit and fold it into itstraditional retail operations, after agreeing to settle a suit with shareholders who alleged that company managers would reap unfair profits from the deal As part of the settlement announced late Monday, Staples said it willprovide shareholders with more...

London-based online travel company Ebookers (Nasdaq: EBKR) said Monday it has moved some operations to India, and also opened a customer service call center there, as part of a plan to cut costs and break even by the first quarter of 2002 Ebookers, which is targeting cash-flow breakeven in the fourth quarter of this year or the first quarter of nex...

On January 3rd, when the U.S. Federal Reserve cut its targets for key interest rates for the first time this year, analysts said companies would begin to see the results of lower borrowing costs in about six months, as the lower rates would spur corporate spending Technology was supposed to be a key beneficiary, as companies were supposed to take ...

E-commerce service provider Beyond.com(Nasdaq: BYND) announced Wednesday that it will now be known simply as Beyond, after shareholders approved the name shortening as part of a plan to shift away from e-tailing The name change, said president and chief executive officerRon Smith, reflects the change in Beyond's core business....

The ability to research products, compare prices and choose from a wide selection of comparable goods are the main reasons behind Internet user decisions to purchase online, according to the results of a survey released Wednesday by Yahoo! (Nasdaq: YHOO) and audience-measurement firm ACNielsen By contrast, the study said that reluctance to enter cr...

Many U.S. airlines are now offering consumers discounts for making travel reservations over the Internet On Tuesday, Orlando, Florida-based AirTran, the low-cost airline formerly known as ValuJet, said it would give 5 percent off to travelers who book their trips through the company's Web site, AirTran.com....

UK retailer Tesco said Monday it will enter the U.S. online grocery market, buying a stake in the e-tail business of supermarket chain Safeway (NYSE: SWY) Tesco said it will pay approximately US$22 million for a 35 percent stake in Safeway's GroceryWorks online subsidiary, enabling the U.S. company to expand its Internet business....

iVillage.com (Nasdaq: IVIL) will cut more jobs over the next couple of months as it shoots to break even on apro forma basis in the third quarter of this year, executives of the New York City-based women's Internet network said The "rightsizing" will include a reduction in the company's workforce over the next 60 days to "somewhere fewer than 200 p...