Business

Gateway said Thursday that its third-quarter loss will be far worse than earlier Wall Street's expectations and blamed the shortfall in part on a drop in demand following the September 11th terrorist attacks on the United States. The No. 4 computer maker also said it would take a charge of $100 ...

Travelocity.com (Nasdaq: TVLY) said Friday that it would cut 10 percent of its non-customer-service workforce and institute a hiring freeze, as well as reduce its discretionary expenditures. "Reductions in staff are difficult in any situation and particularly difficult in this one because our e...

To say Amazon.com has been busy striking partnerships lately would be an understatement. In barely more than a month, Amazon announced deals with Circuit City, Target, Expedia and Hotwire.com. Those pacts came on the heels of earlier deals with Borders and Toys "R" Us. Yet over the same period, A...

Bankrupt online grocer Webvan said Thursday a judge had approved the sale of many of its assets to Kaiser Foundation Hospitals, which outbid Webvan's founder for ownership of the inventory-management technology platform. Kaiser, a division of health care giant Kaiser Permanente, will pay US$2.6

Online real-estate companies are being hurt by a slow economy and the pullback in consumer spending, with market leader Homestore.com (Nasdaq: HOMS) warning this week of a third-quarter loss and its competitors struggling as well. Rival Homeseekers.com (OTC: HMSK), which was delisted by the Nasd...

Despite promises to the contrary and a number of state laws making it unlawful to send unsolicited, commercial e-mail, the California Attorney General and the California Department of Consumer Affairs (DOCA), including its newly formed Office of Privacy Protection, appear to have done little to f...

Amazon.com and eBay have locked legal horns in a case that analysts say shows the intensity of the competition between the two e-tail giants. eBay spokesman Kevin Pursglove confirmed that eBay had been sued by Amazon in connection with eBay's hiring of Christopher Zyda, who served as Amazon's in...

UK online travel company Ebookers.com said Wednesday it will cut between 10 and 20 percent of its 700-person workforce in order to cut costs and deal with reduced demand for travel services following the terrorist attacks on the United States on September 11th. The news comes a day after U.S. tra...

Although many companies in the technology and e-commerce spaces have undertaken mass employee layoffs in order to cut costs and prop up sagging earnings, industry analysts say that a nagging question remains. Are these organizations paying too high a price for their pursuit of financial relief? ...

TMP Worldwide, parent company of dominant online job search site Monster.com, said Tuesday it will cut jobs and lower financial goals in the wake of the September 11th terrorist attacks on the United States. "Unfortunately, like so many others around the country, we saw business activity cease i...

While investor speculation and skyrocketing stock prices dominated during the first half of 2000, falling stock prices and nervous investors have long since become the order of the day, causing many firms to slash their workforce in an effort to steady their financial ships and improve investor ...

As wireless technology improves, consumers will use handheld devices to shop for a range of goods and services, and e-businesses can profit by providing user-friendly devices and targeted services that lend themselves to wireless shopping, according to a study released Tuesday by consulting firm ...

State revenue coffers stand to lose more than US$13 billion in uncollected sales taxes on online transactions in 2001, a number that will balloon to more than $45 billion in the next five years, according to a study released Tuesday. "When other factors causing sales tax revenue to shrink are ad...

While consumers tread lightly when it comes to conducting international e-commerce, businesses have begun to use the Web to erase borders and streamline their global operations. Smart companies are using the Internet to shorten the time it takes to get materials from suppliers, to communicate w...

Dot-com job cuts fell to 2,986 in September, the lowest level since July 2000 -- the month that marked the beginning of the dot-com job-cutting spree that has claimed more than 125,000 jobs in 15 months -- according to a report released Monday by executive placement firm Challenger, Gray & Ch...