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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...

Santa Clara, California-based Yahoo! Inc. announced strong second-quarter earnings and better than expected revenue growth Tuesday, sending its stock soaring and calming investor fears The Internet bellwether said revenues for the quarter rose 110 percent to $270.12 million (US$) from $128.57 million in the same quarter last year. Net income totale...

In Part I of this special report, the E-Commerce Times probed beyond the hype surrounding the alleged downfall of the dot-coms, to examine the big picture of the new U.S. e-conomy. Part II of this special report on the state of the e-commerce industry examines the burgeoning international market Despite the widely-held perception that the rest of t...

Online coupon distributor Coolsavings, Inc. (Nasdaq: CSAV) cleared two patent infringement lawsuits off its plate Monday when it reached a settlement with rival Planet U The settlement resolved both a 1998 lawsuit filed by the Chicago, Illinois-based Coolsavings and a counterclaim filed by Planet U earlier this year. Although details were not discl...

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...

Just seven months after rolling out its much-touted WebPC, Dell Computer Corp. has reportedly stopped selling the consumer-oriented product line WebPC was designed to allow users to access the Web with a minimum of installation and configuration hassles. Priced at $999 (US$) to attract first-time buyers, the slender model weighs about 10 pounds, is...

A new study covering 30 countries and nearly 5,000 Information Technology (IT) professionals shows that hacker attacks will cost the world economy a whopping $1.6 trillion (US$) this year "These estimates are based on the broadest sampling ever achieved in the security industry," said Rusty Weston, editor of Information Week Research, which carried...

E-commerce consultants are loudly proclaiming the importance of customer service, while customers themselves are demonstrating -- via their wallets -- that they simply will not accept bad service. And yet, e-tailer reaction has been slow A new study that places an updated monetary figure on the losses caused by poor customer service reveals that th...

It is difficult to know whether industry analysts are feeding the media's tendency to dwell on fear, uncertainty and doubt -- or vice versa -- but in the past several months, Internet air space has been crackling with dire predictions regarding e-commerce In light of the torrent of anecdotal evidence suggesting that e-commerce firms may be on the e...

After a crazy couple of months -- during which a bevy of big name dot-coms had their survivor torches extinguished for good -- things seemed to have quieted down a bit. Maybe the long days of summer invited languishing, and seaside vacations temporarily soothed investor jitters However, the calm was suddenly vanquished when analyst Ravi Suria of Le...

As online shopping rapidly gains acceptance in U.S. society, the auction houses of cyberspace have begun to sell some of the most cherished items of American culture to the highest bidder Talk about the ultimate in Americana. The most valuable baseball card in the world is for sale at Web auction house eBay. The T206 Honus Wagner card, dating from ...

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...

More than 10 million people in the UK now have access to the Internet -- more than in any other country in Europe, but still far less than in North America, according to a new survey The United States remains the overwhelming online leader with 75.7 million Internet users, according to market research firm MMXI Europe, which released its latest fin...

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...

The battle for e-commerce supremacy continued to rage between Amazon.com and America Online in June, according the NextCard eCommerce Index, a monthly listing of online merchants with the greatest number of transactions by NextCard customers Transaction volume measured among the top 30 online merchants showed Amazon moving slightly ahead of AOL, an...

The U.S. Federal Trade Commission (FTC) filed a complaint Monday in federal court to block financially strapped e-tailer Toysmart.com from selling customer data to help pay off its debts In a unanimous vote during a closed session Friday, the five FTC commissioners resolved to seek a preliminary injunction against Toysmart.com to stop the online to...

According to a report from market analysis firm Datamonitor, poor online service cost Internet retailers a combined $6.1 billion (US$) in sales last year, and could balloon to more than $173 billion Shoppers filling up online carts and then clicking away before completing their purchases is a large part of the problem. Some 7.8 percent of abandoned...

The battle between Napster and the recording industry is still a David versus Goliath proposition. But with a steady diet of venture capital flowing into Napster and its cousins, David is laying on some serious muscle -- and getting harder to cheer for every day This week, the Wall Street Journal reported that venture capital (VC) firms are beginni...

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...