Business

A slowing U.S. economy is actually doing some good for online travel providers, which many consumers see as a source of bargains, according to a report released Monday by Jupiter Media Metrix. "Both consumers and businesses are increasingly in search of value for their precious travel dollars," s...

With European e-commerce lagging some 18 months or so behind that in the States, the U.S. dot-com shakeout has served as a highly visible business lesson for European e-tailers -- helping to prevent them from making many of the same mistakes. "Europe's fall with the dot-coms wasn't as painful as...

E-Stamp completed its ongoing transformation from an Internet postage business Friday, announcing it is merging with Learn2.com to focus on the corporate e-learning market. E-Stamp will phase out its shipping and logistics services. The new company, to be called Learn2 Corporation, will have approx...

The U.S. Federal Trade Commission (FTC) said Thursday that three Web sites have agreed to pay US$100,000 in fines to settle the first prosecutions under a year-old law designed to protect children's identities online. The parent companies of Girlslife.com; Bigmailbox.com and Insidetheweb.com s...

IBM announced late Thursday that it is acquiring Internet business consulting firm Mainspring for approximately US$83 million in cash. Under the terms of the agreement, IBM will pay $4 a share in cash for all of Cambridge, Massachusetts-based Mainspring's outstanding common stock. "This acquisi...

Three advertising industry giants announced Thursday that they have agreed to jointly establish an electronic marketplace for buyers and sellers to conduct their media business dealings. Slated for a formal launch during the second quarter of this year, the new firm is being formed by the Interpu...

Adding to the recent wave of profitable earnings reports, eBay announced Thursday that net income for its first quarter 2001 was US$21.1 million, or 8 cents per diluted share. The earnings beat analyst predictions. "Despite our optimism for the future, we will continue to watch for signs of a d...

Amazon-backed Ashford.com (Nasdaq: ASFD) announced this week that it has received notice from the Nasdaq that the company no longer complies with the exchange's US$1 minimum bid requirement and that the stock faces delisting. The Houston, Texas-based luxury e-tailer has 90 days to comply with the r...

Online travel site Travelocity.com reported its first-ever profitable quarter Wednesday, just days after competitor Expedia.com said it has reached profits as well. Travelocity reported an operating profit of US$618,000, or 3 cents per share, on revenue of $72.9 million before several one-time ...

Online travel site Travelocity.com reported its first-ever profitable quarter Wednesday, just days after competitor Expedia.com said it has reached profits as well. Travelocity reported an operating profit of US$618,000, or 3 cents per share, on revenue of $72.9 million before several one-time ...

Online travel site Travelocity.com reported its first-ever profitable quarter Wednesday, just days after competitor Expedia.com said it has reached profits as well. Travelocity reported an operating profit of US$618,000, or 3 cents per share, on revenue of $72.9 million before several one-time ...

In an effort to crack down on data-mining firms that obtain personal information from consumers through fraud, the U.S. Federal Trade Commission (FTC) announced Wednesday it had filed suit against three firms that it alleged unlawfully obtained and sold confidential financial data. The agency, w...

Just as one six-figure online auction scam on eBay was finding closure, eBay has begun investigating another, according to published reports Wednesday. This time, the alleged fraud involves the sale of over US$400,000 in gold and silver coins and bullion, which were allegedly never delivered to ...

Automotive e-marketplace Covisint announced Wednesday that it had chosen Kevin W. English, a former Wall Street executive with no automotive experience, as its first chief executive officer, president and chairman of the board. "I think he's an interesting choice," Jupiter Research business- to-b...

Published reports stating that Homestore.com had breached a seven-day old contract with Bank of America are "absolutely incorrect," a spokesperson for the bank told the E-Commerce Times on Tuesday, an assertion that contradicted comments she allegedly made to the press earlier in the day. A wee...