Business

Internet message boards have been humming with speculation over the past few days that online currency company Flooz.com is going out of business. As of Friday, Flooz itself had left no clear signal of its status and has made itself unavailable for response to any inquiry. The company took its W...

To maximize relationships with preferred suppliers, many European firms will develop private online hubs that will result in savings of 9.5 percent on sales costs in the coming years, according to a study released Thursday by Forrester Research. A shift to Internet-based hubs on the continent wil...

Online health care firm WebMD said Thursday that its losses for the second quarter ending June 30th narrowed to 7 U.S. cents per share, compared to a loss of 9 cents per share in this year's first quarter. WebMD's second-quarter loss of $23.8 million, excluding restructuring, integration and n...

Is the online travel market big enough to comfortably feed three of its giants -- Expedia, Travelocity and Orbitz -- at the same time? According to Forrester, 18.9 million households will make their travel purchases on the Web this year, netting US$16.7 billion in leisure travel revenues. That'll...

Online auction site BidBay.com said Thursday that it has filed a motion to dismiss the trademark infringement lawsuit recently filed against it by Internet auction giant eBay. In papers filed in U.S. District Court in San Jose, California on Tuesday, Tujunga, California-based BidBay contended tha...

Online content company Salon Media Group got much-needed boost after the close of trading Thursday, in the form of a US$2.5 million cash infusion from a group led by the investment firm WR Hambrecht & Co. and its chairman, Bill Hambrecht. Salon made the announcement as it reported a crushing ...

Of the Fortune 100 companies, 81 are now advertising online, up from 67 that did so a year ago, according to a report released Thursday by Jupiter Media Metrix. However, Jupiter said that major media buyers are not increasing their spending on Internet ads as fast as smaller advertisers are. "The ...

Business-to-business (B2B) incubator Internet Capital Group said Wednesday that its second quarter 2001 losses rose 90 percent compared to a year earlier, reaching more than US$354 million. Nevertheless, Wayne, Pennsylvania-based ICG said it has been building its cash reserves as well. ICG said...

The U.S. Federal Trade Commission (FTC) announced Thursday that it has settled charges with three operators of Bigsmart.com, an online business opportunity for investors in an Internet shopping mall network that government investigators charged was an illegal pyramid scheme. According to the FTC...

With tax rebate checks from the U.S. government beginning to arrive in consumer mailboxes, some e-tailers are hoping the extra cash will make its way to their bottom lines. According to many industry experts, however, online businesses should not head for the bank quite yet. Due to the nominal a...

Hoping to cash in on Japan's infatuation with baseball's Seattle Mariners, Internet behemoth Amazon.com launched the Seattle Mariners Store at its Japanese site on Tuesday. Seattle, Washington-based Amazon is partnering with the online arm for Major League Baseball on the new store. Featured prom...

Although many automotive industry players are running Internet marketing campaigns meant to bring car buyers to their Web sites, approximately 48 percent of online users remain less than satisfied with the information supplied by such campaigns, according to a study released Tuesday by e-business...

Internet companies will have to wait at least another year before the advertising market rebounds, research firm Jupiter Media Metrix said Wednesday, slashing its spending forecast for 2001 by 20 percent. Online ad spending will be US$5.7 billion this year, down from an earlier forecast of $7.3 ...

Looking to grab customers abandoned last month by defunct competitor HomeRuns.com, online grocer Peapod officially announced Wednesday that it would expand its service to new areas in and around Washington, D.C. Peapod spokeswoman Paula Wheeler told the E-Commerce Times that while the two compan...

Job search Web site Monster.com helped parent company TMP Worldwide beat analyst estimates in the second quarter, as a weak economy resulted in more job changes, TMP Worldwide said Tuesday. The New York City-based staffing and advertising company reported income adjusted for special items of US$...