Business

Embattled crime news Web site APBnews.com, valued at more than $100 million (US$) six months ago, was purchased in a bankruptcy sale Thursday by SafetyTips.com for $575,000 cash.

In a ruling that could forever alter the digital copyright landscape, a U.S. District Court found Wednesday that Internet music download site MP3.com willfully infringed the copyrighted works of Universal Music Group and is liable for damages of at least $118 million (US$).

Amazon CEO Jeff Bezos seems to be gambling that when it comes to Internet privacy, honesty and ignorance may be a winning combination. Ever since George Washington felled the cherry tree, Americans have embraced the peculiar notion that being up front about one's evildoing diminishes the wrong. If o...

Launching yet another offensive against Internet fraud, the U.S. Securities and Exchange Commission (SEC) announced on Wednesday that it has filed 15 separate suits against 33 companies and individuals accused of bilking investors of more than $10 million (US$) in "pump-and-dump" schemes.

According to the U.S. Federal Trade Commission (FTC), the potential of international e-commerce may never be realized unless standards are adopted to regulate cross-border transactions.

Peapod, Inc. (Nasdaq: PPOD) has announced that it will acquire fellow online grocer Streamline.com's Chicago and Washington, D.C. assets and operations, ending weeks of speculation about the fate of the struggling company.

Hoping to capitalize on one of the fastest growing segments of the travel industry, discount online travel agency Savvio.com launched its site Thursday with a customer service model it thinks will help it fly by competitors.

Democratic presidential candidate Al Gore unveiled a sweeping new economic plan Wednesday that would create 10 million high technology jobs in the United States within the next 10 years and provide incentives for companies offering high-tech training to their workers.

Yahoo! Inc. (Nasdaq: YHOO) launched a service Wednesday that provides free, real-time stock quotes over the Internet through a set of agreements with three electronic communication networks (ECN).

A consortium of 36 of the Web's biggest companies -- led by IBM, Ariba, and Microsoft -- announced plans Wednesday to create an online business directory that will make business-to-business (B2B) e-commerce simpler and more efficient.

IBM Corp. (NYSE: IBM) unveiled a wireless laptop computer on Thursday that features a local area network (LAN) chip built directly on the computer's motherboard. The chip allows users to connect to the Internet and peripherals, such as printers, cell phones and other mobile devices, without using ca...

A powerful new distributed denial-of-service (DDoS) tool has surfaced in as many as 400 hosts, creating a new threat of crippling cyber assaults, electronic security management firm Internet Security Systems (ISS) said Tuesday.

Moving even further into the e-business arena, telecommunications giant AT&T Corp. (NYSE: T) announced Tuesday that it has inked a $450 million (US$), multi-year Web hosting deal with IBM Corp. (NYSE: IBM). IBM will contract for up to several hundred thousand square feet of Internet hosting faci...

With a decision due as soon as Wednesday in the copyright infringement case pitting Universal Music Group (UMG) against MP3.com (Nasdaq: MPPP), the record label is asking the judge hearing the case to "sting" the file-sharing company with a stiff monetary penalty.

Samsung Electronics, Inc., the world's largest memory chip maker, said Wednesday it expects chip shortages to last another two years and pledged $5.2 billion (US$) to expand production.