Business

Driven largely by business-to-business (B2B) transactions, e-commerce in Latin America is set to grow from US$3.6 billion in 2000 to $66.5 billion in 2004, according to a report released Thursday by eMarketer. The largest gain is expected to come in Mexico, with e-spending in the country expecte...

Delivering a much-needed lift to the struggling e-commerce sector, online auctioneer eBay (Nasdaq: EBAY) reported fourth-quarter results Thursday that convincingly beat analyst estimates and raised expectations for continued growth in the new year. Despite bumps along the road that have included ...

Northern California buckled under the impact of rolling blackouts for the second day in a row Thursday, but Internet retailers based in the Silicon Valley say they have not suffered any power outages or lost sales -- yet. For example, Walmart.com, which is based just outside San Francisco, said t...

A California judge dismissed a US$100 million class action lawsuit against eBay on Thursday, ruling that the online auction house is not liable for the sale of phony sports memorabilia on its Web site. Plaintiffs' attorney Jim Krause said he would argue at a hearing before Judge Linda B. Quinn ...

A report released Wednesday by consulting firm Ernst & Young predicts that Australian e-commerce will grow from US$3.1 billion in 2000 to $39 billion in 2004. The number of e-shoppers is also set to explode, growing from 2.2 million in 2000 to 5.84 million in 2004. The report, which was bas...

i2 Technologies the Dallas, Texas-based maker of business-to-business (B2B) software, reported fourth-quarter results that beat analyst expectations, and said that it sees no sign of a slowdown in demand for its products. The company said that revenue for the quarter climbed 116 percent from a ...

In a bid to reduce costs and eventually obtain profits, NBC Internet announced Thursday that it is cutting 150 jobs, or approximately 30 percent of its workforce. Because of the slump in the Net advertising arena, some analysts say that it is unlikely that NBCi will obtain reach profits anytim...

Just two months after announcing plans to shutter its operations, Garden.com said Wednesday it has completed the sale of its major assets to Walmart.com and the parent firm of gardening company W. Atlee Burpee & Co. for a total of US$4.43 million. Although it had been in business for nearly fi...

Travelocity.com (Nasdaq: TVLY) said Wednesday that it brought in record revenue for the fourth quarter of 2000 and predicted that it would turn profitable by summer. The online travel site said that it brought in US$65.5 million in revenue during the quarter, more than double the same period a ...

Most Net users and e-commerce watchers haven't heard a great deal about CDNow lately. But that might be the way the former high-flier wants it. After CDNow dominated the e-commerce headlines in 2000 with its financial troubles, a Federal Trade Commission (FTC) lawsuit, and a buyout by media giant...

Amid speculation that troubled e-tailer eToys may be close to finding a buyer, shares in the company jumped from 19 cents per share Tuesday morning to 59 cents by the closing bell. Over 40 million shares -- more than six times the company's average daily volume of 5.9 million shares -- changed ...

A report released Wednesday by Jupiter Research has further confirmed that U.S. consumers spent more than US$10 billion online during the recently concluded holiday shopping season. Jupiter said that U.S. consumers spent $10.8 billion online during November and December, a 54 percent spike from last...

In a bid to survive the ongoing dot-com shakeout, Drkoop.com (Nasdaq: KOOP) said Tuesday that it will cut 45 workers primarily in its Austin, Texas offices and move the company's headquarters to Santa Monica, California. Michael Davis, vice president and research area director for the Gartner...

Shoppers who took to the Internet over the recent holiday season to buy clothing often met with a negative experience -- one that has diminished their interest in making such purchases online in the near future -- according to a new study from consulting firm Accenture (formerly Andersen Consulting)...

While brick-and-mortar retailers saw a bigger jump in business over the Web than did their online counterparts during the latest holiday season, pure-play Internet retailers scored better among consumers in terms of customer satisfaction, according to a new report released by Nielsen//NetRatings and...