Business

Car e-tailer Autoweb.com moved up on the dot-com critical list Thursday with the announcement that it has hired a financial advisor to explore its options, while it fights to avoid delisting from the Nasdaq stock exchange. Autoweb said it was notified last week that it faces delisting because i...

In a bid to gain a bigger share of the online travel market, both Priceline and Travelocity unveiled new initiatives Thursday. "Name-your-price" e-tailer Priceline said it is now offering last-minute deals on hotel accommodations and airfare to appeal to spur-of-the-moment leisure travelers. Fo...

Yahoo! announced Wednesday that it will replace Tim Koogle as chief executive officer and that it is lowering its guidance for the first quarter ending March 31st. Koogle will stay on as chairman, the company said. The announcement, which came after markets closed, followed a halt on the trading ...

Idealab!, the dot-com incubator behind eToys, CarsDirect and PetsMart.com, said Wednesday that it is moving some of its Silicon Valley functions home to the company's Pasadena, California headquarters. The move will result in a number of job cuts over the next few months. "Wherever possible, Id...

German automaker Adam Opel, a subsidiary of General Motors, announced Wednesday that it is launching a pilot program to sell cars over the Internet at a discount. The pilot project is slated to run from March 10th through July 31th and will offer six models at discounts of up to 11 percent off lis...

While Amazon.com has maintained its official silence on a rumored partnership with Wal-Mart, a top Amazon executive said Wednesday that the e-tailer is interested in linking with brick-and-mortar stores. Amazon chief financial officer Warren Jenson reportedly told analysts gathered at the Merri...

Online business-to-business (B2B) deals comprised 90 percent of all online sales in 1999, accounting for a "remarkably large share" of overall e-commerce activity, according to data released Wednesday by the U.S. Department of Commerce. According to the government office, the statistics for 1999,...

Perhaps the tone for eToys' imminent farewell from e-commerce was set in February, when the online retailer specifically warned investors that its own stock was "worthless." Forget about defiant last words. Forget about "if only" or "should have" disclaimers. Instead of going out with a bang, e...

Online payment service PayPal announced Tuesday that it has closed on a US$90 million round of equity financing and now plans to work with its partners to expand its services internationally. The Series D investment round, which closed on February 16th, included reputable banks from around the w...

Two days after cutting 12 percent of its workforce, computer and software e-tailer Egghead.com said it had secured US$20 million from IBM's commercial financing wing. Egghead said Wednesday that the loan from IBM Global Financing was secured with its inventory, accounts receivable and other ass...

Despite widespread consumer fears about online credit card fraud, the No. 1 scam on the Internet is Web auction fraud, according to a report released Tuesday by the U.S. Federal Bureau of Investigation (FBI) and the National White Collar Crime Center. Internet auction fraud was the problem in ...

While many e-tailers beef up their sites with a host of technological bells and whistles to lure online customers, a study released Tuesday by PricewaterhouseCoopers found that most of the new features do little to turn site visitors into buyers. "E-tailers need to avoid the technology trap -- jus...

Southwest Airlines confirmed Monday that it has stopped offering its flights through online travel company Travelocity -- the second jolt to Travelocity's operations in less than a week. On March 1st, Northwest Airlines and KLM Royal Dutch Airlines stopped paying commissions on Internet ticket s...

Consumers spent US$3 billion online in January -- less than half of the $6.1 billion spent online in December -- according to numbers released Monday by the National Retail Federation (NRF) and Forrester Research. "The 50 percent decline in online consumer spending in January is exactly what we...

Business-to-consumer auction site uBid said Monday it has forged an alliance with iWon.com to provide auctions for the cash-giveaway portal. The partnership, one in a series of portal and content links that uBid has announced recently, gives the auction site access to millions of Internet users ...