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According to published reports, President George W. Bush on Wednesday signed into law a bill that renews the ban on key taxes related to the Internet and e-commerce. Bush reportedly said that the legislation would promote growth of the Internet, and that "holiday shoppers will not be burdened by ...
E-commerce giant Amazon.com has reorganized its business operations into five departments -- with an increased emphasis toward third-party services -- the company confirmed. "We obviously want to make changes to the organization that make sense for the business," Amazon spokesperson Patty Smith t...
Making another bid to reverse the economic slowdown that has hammered the U.S. economy overall and tech companies in particular, the U.S. Federal Reserve on Tuesday cut interest rates for the 10th time this year. The Federal Open Market Committee said it had lowered its target for the federal fun...
Addressing perhaps the most closely watched prediction in e-commerce, e-tail giant Amazon.com on Tuesday reiterated its call for an operating profit in the fourth quarter of this year. Despite the fact that revenue remained virtually the same as it was in the third quarter of 2000, Amazon announc...
Internet portal Yahoo! on Wednesday reported a net loss of US$24.1 million, or 4 cents per share, for the third quarter ended September 30th. However, during a conference call following the release of its earnings report, Yahoo! chairman and chief executive officer Terry Semel said that the onlin...
Priceline.com, which in the past has gotten questionable results from investments outside the travel sector, announced Tuesday that it plans to exercise its option for a 49 percent equity stake in an online loan service co-founded by the company. In making the announcement, Priceline noted that P...
Gateway said Thursday that its third-quarter loss will be far worse than earlier Wall Street's expectations and blamed the shortfall in part on a drop in demand following the September 11th terrorist attacks on the United States. The No. 4 computer maker also said it would take a charge of $100 ...
News on Tuesday that the U.S. Federal Reserve had announced its ninth interest rate cut of 2001 briefly jiggered tech stocks, but left no apparent change in the long-term forecast for the sector. "The Committee continues to believe that ... risks are weighted mainly toward conditions that may ge...
During the year, the Federal Open Market Committee of the U.S. Federal Reserve has lowered its interest rate target from 6.5 percent to 2.5 percent, its lowest level since the John F. Kennedy administration. What follows are excerpts from statements that tech companies and investors have heard f...
By and large, if you know what movie you want to see, you can buy tickets online easily. However, if you log on without having picked your flick, your online experience might end up being as enjoyable as "Problem Child 3." With that in mind, the E-Commerce Times took it upon itself to evaluate t...
By and large, if you know what movie you want to see, you can buy tickets online easily. However, if you log on without having picked your flick, your online experience might end up being as enjoyable as "Problem Child 3." With that in mind, the E-Commerce Times took it upon itself to evaluate t...
By and large, if you know what movie you want to see, you can buy tickets online easily. However, if you log on without having picked your flick, your online experience might end up being as enjoyable as "Problem Child 3." With that in mind, the E-Commerce Times took it upon itself to evaluate t...
E-commerce service provider Global Sports continued its expanding ways Friday by announcing its intent to purchase perhaps the leading name in pure-play online luxury sales, Ashford.com. The acquisition is arguably the first of any significance in the e-commerce world since Tuesday's terrorist a...
Vanguard Airlines accused Orbitz late Wednesday of making false statements regarding a dispute over booking Vanguard flights, and again recommended that customers avoid using the Internet travel site. "Unfortunately for the traveling public, the response of Orbitz to Vanguard's complaints appear...
For those of you who think that there has been nothing funny about the struggles in the dot-com world this year, the E-Commerce Times begs to differ. As we reach the halfway point in a year where nothing has been certain in e-commerce except uncertainty, indulge yourself with a selection of profo...
Can an e-tailer make a simple mistake without being punished? Are e-tailers human enough to err, and can customers be divine enough to forgive? Here's the scenario. A DVD player sells on a Web site for US$3.99. A day later, the e-tailer finds an operations glitch that dropped the decimal point i...
Online grocer Webvan (Nasdaq: WBVN) announced late Friday that chairman and chief executive officer George T. Shaheen has resigned. Robert Swan, chief operating officer of Foster City, California-based Webvan, will lead the company until Webvan's board of directors appoints Shaheen's successor....
Internet giant Yahoo! announced after the markets closed Wednesday that it had met its own scaled-down expectations for the first quarter of 2001, but planned to lay off 12 percent of its workforce. The company also said that it expected a loss for the second quarter. The layoffs will affect app...
In the midst of a losing season on the business pages, can high-tech companies swing a ninth-inning rally on the sports pages? Opening Day for major league baseball is upon us, once more putting the spotlight on tech firms who have signed agreements -- for as long as 30 years and in excess of US$10...
Perhaps the tone for eToys' imminent farewell from e-commerce was set in February, when the online retailer specifically warned investors that its own stock was "worthless." Forget about defiant last words. Forget about "if only" or "should have" disclaimers. Instead of going out with a bang, e...
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