Business

Auto Mega-Site Set for Debut

Having cleared its final regulatory hurdle, automotive e-marketplace Covisint will begin pilot operations Friday, the company has announced.

Sun Microsystems (Nasdaq: SUNW) has unveiled its next-generation chip and family of computers, promising faster serving of Web pages and a stronger foundation on which future Internet ventures can be built.

Priceline Rocked by Sales Slump

Priceline.com, the name-your-own price Internet service, said Wednesday its third quarter revenues will fall short of Wall Street forecasts.

Concerned that consumer anxiety over Net privacy issues might hinder the growth of e-commerce, an elite group of executives came together Tuesday in Miami, Florida, calling for international Web standards to protect personal information.

Microsoft Corp. (Nasdaq: MSFT) won a round Tuesday in its appeal of the antitrust judgment against it when the U.S. Supreme Court ruled that the software giant's appeal should first be heard by a lower appellate court.

Finally, the first good decision has been made in the Microsoft case. Actually, it may be the second good decision in as many weeks, given the resignation of chief Microsoft hunter and Assistant U.S. Attorney General Joel Klein (who by now finds himself buried in job offers, no doubt).

Despite lingering concerns about fulfillment and privacy, nearly 100 percent of consumers who shopped online during the 1999 holiday season said they are willing to give e-commerce another chance this year, according to a study released Tuesday by AT&T.

Legislation introduced in the U.S. Congress this week could make copyright battles over the way MP3.com offers music obsolete, meaning that the company would be free to build up its digital music database without having to pay the record labels any royalties.

Targeted Net Ad Firm Lands $45M

Adding another wrinkle to the thorny debate over Internet privacy, Predictive Networks, a developer of targeted cross-network advertising and marketing, announced Tuesday that it has secured $45 million (US$) in a third round of funding.

A proposed law that would have forced businesses operating in California to charge sales tax for online transactions within the state was vetoed Monday by Governor Gray Davis.

Retailers relying on a combination of physical stores, catalogs and Web sites tend to do more business than those that offer just one option, according to a study conducted for the National Retail Federation (NRF), the trade group representing the retail industry.

More than 4,800 employees of dot-com companies lost their jobs in September, making it the busiest month so far this year for pink slips in the Internet economy, according to a new report.

Texas officials have moved to prevent bankrupt e-tailer Living.com from selling the personal information of its customers, reaching a settlement agreement concurrent with a lawsuit filed Monday against the Amazon-backed company.

Despite mounting evidence that Web auctions provide a fertile ground for fraud, sellers continue to open new auctions and bidders continue to ante up, according to a study released Monday by Greenfield Online.

In a bid to ward off U.S. government regulation, a coalition of online marketing heavyweights announced plans Monday to propose standards meant to ease consumer concerns about spam and online privacy.

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