Business

Mitsubishi Corporation and Commerce One (Nasdaq: CMRC) announced plans Thursday to establish a business-to-business (B2B) e-marketplace for the gas, chemical, and utilities industries in Japan.

In August, women became a majority of Web users in the U.S. for the first time in history, a milestone for an Internet once considered to be a male-oriented environment.

Cybercrime is skyrocketing despite increased spending on security measures, according to "The 2000 Information Security Survey," a study released Thursday by Information Security magazine.

The U.S. Federal Trade Commission (FTC) said Thursday it has charged an overseas company and its principals with billing consumers and attempting to collect payment for Internet-based adult entertainment services and international phone calls that were never purchased or authorized.

More than 64 percent of top tech executives believe the next U.S. Congress will move to tax the Internet, according to an Ernst & Young survey released Thursday.

WebHouse Club, a licensee of name-your-price e-tailer Priceline.com (Nasdaq: PCLN), announced Thursday it will wind down its grocery and gasoline operations over the next 90 days.

A new study by venerable information resource Consumer Reports concludes that consumers are no likelier to find the cheapest airfares through Web travel services than via "a low-tech telephone."

Despite the fact that overall traffic to business and finance Web sites grew by 11 percent during the second quarter, visitors to online trading sites decreased by nearly 20 percent, according to a study released Wednesday by Jupiter Media Metrix.

The National Research Council released a report Wednesday recommending that the U.S. regulate the Web carefully but sparsely, that a flat tax be levied on e-commerce and that low-income families receive vouchers to help them get connected.

Despite consumer concerns over potential lapses in Internet security, 51 percent of Americans believe that most home mortgages will be handled online by 2005, according to a study released Wednesday by financial services giant Fannie Mae.

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With a landmark law authorizing the use of e-signatures having just taken effect, U.S. Congressional lawmakers hosted representatives of the budding industry in Washington, D.C. Wednesday and received hands-on demonstrations of the new technology.

After months of political wrangling, the U.S. Senate overwhelmingly approved a bill Tuesday that would significantly boost the number of high-tech visas issued to skilled foreign workers.

Fueled by an epidemic of hack attacks and costly viruses, spending on security software is set to soar from $2.5 billion (US$) in 1999 to over $6.7 billion in 2004, according to a study released Tuesday by Gartner Group division Dataquest.

All at once, it seems that the promise China held for e-commerce has gone up in smoke. Without warning, the Chinese government has published a sweeping set of Internet regulations that do everything short of mounting a giant "Keep Out" sign on the nation's Web infrastructure.

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