Business

Internet auctioneer QXL Ricardo reported a smaller loss for its fiscal fourth quarter ended March 31st and announced a new partnership with Microsoft on Friday. The agreement will make QXL's services available over the software maker's Windows XP operating system and instant messaging service Win...

With the survival of the company still very much in question, Webvan announced some good news for a change Thursday, saying that it has completed the integration into its technology and business platform of acquisitions the company made last year. Webvan said the consolidation, which included fo...

Capping a week of restructuring initiatives, BlueLight.com said Thursday that chief executive officer Mark H. Goldstein has stepped down from his post at the online affiliate of retail giant Kmart. "The next chapter for BlueLight is about further optimizing Kmart economics, not focusing on indep...

Adding to the recent flurry of Internet fraud news, the U.S. Federal Trade Commission (FTC) told Congress on Wednesday it received over 25,000 Internet fraud complaints in 2000. Testifying before the House Committee on Energy and Commerce, Eileen Harrington of the FTC's Bureau of Consumer Pr...

Online business-to-business (B2B) sellers need to provide more comprehensive services in order to cement customer loyalty, boost revenue and create value for B2B e-commerce, a study released Thursday by Jupiter Media Metrix found. "Closer working relationships will bring new efficiencies that wil...

BlueLight.com announced Wednesday that it is paring its staff and planning to rely more heavily on the resources of its majority investor, Kmart Corporation. BlueLight said the strategic actions were designed to improve the e-tailer's overall efficiencies and accelerate its "march towards profit...

Amazon.com will add two members to its board of directors and is seeking people experienced in retail operations, chief executive officer Jeff Bezos told shareholders Wednesday. At Amazon's annual meeting in Seattle, Washington, Bezos told stockholders and reporters that the e-tailer is turning...

Criminal charges have been brought against approximately 90 individuals and companies as part of a nationwide crackdown on online fraud schemes that victimized over 56,000 people, the U.S. Department of Justice and the Federal Bureau of Investigation (FBI) said Wednesday. The schemes -- which inclu...

Internet travel agency Travelocity.com said Wednesday that it has sold its stake in online discount hotel broker Hotel Reservations Network. Travelocity spokesperson Jennifer Tweeton told the E-Commerce Times the company sold its 9.4 percent stake in HRN simply to "monetize its investment and turn i...

Delta Air Lines (NYSE: DAL) plans to reduce its stake in name-your-own-price e-tailer Priceline.com (Nasdaq: PCLN), although a Priceline spokesman said the planned sale of shares is not significant and does not change the business relationship between the two companies. Delta reportedly filed with...

Although online business-to-business (B2B) transactions currently account for a strong majority of all e-commerce revenue, a report issued Wednesday by Jupiter Media Metrix forecast that an increasing number of firms plan to use private trading networks (PTNs) for collaboration rather than sales ...

Ailing online grocer Webvan began selling about US$2 million worth of assets Tuesday that it once hoped to use for an aggressive West Coast expansion. Webvan sold goods worth an estimated $1.3 million at an auction held Tuesday in Kent, Washington, near Seattle. Most of those items, ranging from a...

Plans are afoot for Kmart to buy the 40 percent of BlueLight.com it does not already own and end the e-tailer's stand-alone status, according to published reports. A report Tuesday at CBS Marketwatch said that the retail giant was close to an agreement to absorb BlueLight, which launched in Dec...

The Internet may offer a new channel for selling merchandise, but basic customer loyalty principles first developed in the real world are still central to making money online, according to many of the e-commerce leaders speaking Tuesday in Chicago at a retail forum hosted by Jupiter Media Metri...

Because software piracy and online fraud can cost companies millions in profits and lost goodwill -- and because government agencies do not have the resources to keep pace with cybercriminals -- many high-tech companies have formed their own investigative units to catch Internet con artists. Fo...