Business

Three financial giants announced Monday that they have partnered to create DealerTrack, a Web-based system for car dealers to use when processing consumer auto loans. The founding companies, J.P. Morgan Chase & Co., AmeriCredit Corp, and Wells Fargo & Company, hope the new company wil...

Although large companies boosted their online advertising by 18 percent during the fourth quarter of 2000, a higher percentage of Net ads came from small and mid-sized companies -- particularly in the dot-com industry -- according to data released Monday by AdRelevance, a Jupiter Media Metrix firm.

How can dot-coms continue to lure the nation's top senior executives without the continued promises of millions in stock option payoffs? And even more importantly, how can they keep the executives they already have? The answer may surprise you. "You would assume that because so many dot-coms are lo...

The ability to use an Internet auction to solicit sealed electricity contract bids played a crucial role in helping bring some order to California's protracted energy crisis, state officials told the E-Commerce Times. "If you waited for the normal paper process, it would have taken much longer and ...

U.S. technology and e-commerce stocks were falling at midday Friday for a second day in a row, as a wave of earnings disappointments continued to keep investors on edge. The Nasdaq Composite Index was down 52.54 at 2701.74 in late-morning trading, led by declines in Cisco Systems (Nasdaq: CSCO), ...

A sting operation started last fall led the Software & Information Industry Association (SIIA) to file civil lawsuits against two software pirates Thursday. Peter Beruk, SIIA's vice president in charge of anti-piracy, told the E-Commerce Times that several months ago, two people informed t...

Although the Internet advertising industry has fallen victim to the belt-tightening measures of many dot-coms looking to trim their operating budgets in recent months, a report released Thursday finds the spending slump is only a "temporary pause" in the market's overall growth. According to Forres...

This week, Amazon announced that it was going to begin requiring its users to offer the company's proprietary online payment service when auctioning on the site. The move has sparked outrage among some in the Net auction community, but no doubt eBay and Yahoo! will be watching to see if the rule pay...

Despite a slight dip in revenue from the previous quarter, online investment firm E*Trade (Nasdaq: EGRP) on Wednesday reported a profit from ongoing operations in the first quarter of fiscal 2001, beating analyst estimates by a penny per share. The news came as a further sign of E*Trade's ability t...

Webvan Group said Thursday that it will "dramatically reduce overhead costs" in order to conserve its cash reserves and avoid the need to return to the capital markets before the end of 2001. However, analyst David Kathman of Morningstar.com told the E-Commerce Times that he remains pessimistic a...

According to venture capital research firm VentureOne, there was not a single venture-backed e-commerce initial public offering (IPO) in the last three quarters of 2000. So, can the market for e-commerce IPOs possibly can get any worse? Worse than zero? Two words -- oh yes. Indeed, the e-commerce I...

Although the Silicon Valley Better Business Bureau hit online payment service PayPal with an unsatisfactory rating Wednesday, the company is working hard to improve its customer service, according to representatives from both the BBB and the company. "They have taken this very seriously," Sharo...

IBM announced Tuesday a new version of its WebSphere e-commerce software, which the company said will "cut through the complexities and costs of selling goods across countries and cultures." By the end of March, IBM said, WebSphere Commerce Suite Version 5.1 will be available in 10 languages for...

Seventy-five percent of children are willing to disclose private family information online in exchange for goods and services, according to a new report released by eMarketer. "Children and teens were very casual about revealing family information," eMarketer analyst Rob Janes told the E-Commerce...

The difficulty of harnessing the power of e-business is the second most widely held concern among chief executive officers worldwide -- with 38 percent citing it as the primary challenge facing their businesses in the next year -- according to a study released Wednesday by Accenture (formerly A...