Articles by Clare Saliba

Priceline Europe, a licensee of the American "name-your-own-price" e-tailer, has secured US$25 million in funding from investment firm General Atlantic Partners, money that Priceline Europe hopes will allow it to continue building its expansion plans, the companies said Thursday The latest infusion of capital brings General Atlantic's total investm...

Internet bellwether Yahoo! (Nasdaq: YHOO)fell US$5.63 to $24.50 in after-hours trading Wednesday after meeting key Wall Street estimates by reporting fourth-quarter earnings of 13 cents per share, but warning that its first quarter and full-year 2001 earnings will be affected by the recent downturn in Net advertisingsales The Santa Clara, Californi...

Citing sweeping antitrust concerns, 20 U.S. states have filed a letter with the U.S. Department of Transportation (DOT) voicing their concerns about the controversial Internet mega-travel site Orbitz According to published reports, the filing by state attorneys general from New York, Iowa and California questions the legality of Orbitz's business m...

Internet auction fraud accounts for 87 percent of all incidents of onlinecrime, according to a new study released Tuesday by eMarketer As part of its "ePrivacy & Security Report," eMarketer also found that morethan 34 percent of Internet users have been targeted by a Web-based privacyor security breach. Moreover, the study estimates that the averag...

Priceline.com(Nasdaq: PCLN) has agreed to settle twopatent infringement lawsuits it filed against Internet travelcompetitor Expedia (Nasdaq:EXPE) and MicrosoftCorp., according to a joint statement released bythe companies Tuesday The lawsuits, which were filed in October 1999 in a U.S.district court in Connecticut, alleged that Expedia andits then-...

Although an increasing number of Internet users have turned to the Web tomake sense of wild stock market swings in recent months, many consumer investorshave grown dissatisfied with financial services sites, according to a report released Tuesday by Gartner Group-owned research firm cPulse By the third quarter of2000, 40 percent of those polled sai...

Internet brokerage firm Ameritrade Holding Corp.(Nasdaq: AMTD) announced Monday that it has cut more than 230 full-timeemployees from its payroll, or roughly 9 percent of the firm's more than 2,500 workers. In addition, Ameritrade said that 100 temporary employees will be let go "We took this action based on current adversemarket conditions," Ameri...

The European online travel market will soar from the US$2.9 billion rackedup in sales last year to $10.9 billion in 2002 -- a nearly 300 percent spike-- according to a study released Monday by Internet travel measurementfirm PhoCusWright The report found that a number of factors will help drive this growth,including increased Web and wireless devic...

Traffic to e-tail sites during the just-concluded holiday shopping season spiked 30.3 percent from 1999 levels, with online retailers registering an average of 34.2 million unique visits each week, according to data released Friday by Internet measurement firm Media Metrix Moreover, the study found that the year-over-year increase at retail sites e...

A surprise move Wednesday by the U.S. Federal Reserve to cut interest rates from 6.5 percent to 6 percent caused high-tech stocks to skyrocket during the day's second half of trading The Nasdaq composite stock index surged 324.83, or 14.2 percent, to close at 2616.69. The rally represented the largest one-day point and percentage gain in Nasdaq his...

The new year has yet to bring many happy returns for high-tech stocks, whichcontinued their stumble Tuesday amid long-standing earnings fears andconcern about a cooling economy The Nasdaq composite stock index fell almost 178.66, or 7.23percent, to 2291.86, its lowest close since March 1999. The decline represented theseventh-largest percentage fal...

Embattled e-tailer Priceline.com and insurance holding company W.R. Berkley Corporation announced Tuesday that they have shelved plans tosell automobile insurance over the Internet, saying that current marketconditions are "not conducive to creating the new business." The companies, which are both headquartered in Connecticut, initiallyagreed to th...

Consumers increased their online shopping by 46 percent in 2000,racking up about US$56 billion in sales for the year,according to data released Tuesday by ActivMedia Research As part of its annual report gauging the performance of business-to-consumer (B2C) vendors, ActivMedia also found that about 16 percent of Web-based transactions were conducte...

Priceline.com founder Jay Walker will step down from his position as vice chairman of the embattled e-tailer's board of directors on Sunday, the company announced Thursday Walker, who serves as the chief executive officer of his privately held company, Walker Digital, said he is leaving Priceline's board in order to focus on business challenges fac...

Traffic to retail Web sites ebbed in the final week of the holiday shoppingseason, according to statistics compiled by Media Metrix, providing furtherevidence that online shoppers completed their shopping early this year E-tail sites saw 31.8 million unique visitors during the week ended December24th, down 10.9 percent from the season's peak of 35....

Few people quibble over smart card functionality. The cards -- embedded with a memory chip that can store everything from bank balances to prescription information -- can be used for online shopping, network security access and even decoding paid-for digital content such as music and movies....

Amazon.com ranked as one of the top online retail sites in markets worldwide during November -- the only multinational brand to do so -- according to data released Thursday by Web measurement firm Media Metrix and its European affiliate, Jupiter MMXI Survey results for the month showed that Amazon beat back its competitors to become the most visite...

Although Internet advertising revenue during the third quarter experienced a 63 percent rise compared to the same period in 1999, earnings slid 6.5 percent below second quarter 2000 totals, according to a study released Wednesday by the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers The US$138 million decline was the first time such e...

High-tech stocks continued to get slammed Wednesday after a batch of analyst downgrades and corporate earnings warnings ignited an investor selloff, toppling the major indices The Nasdaq composite stock index fell 178.78, or 7.12 percent, to 2332.93, its lowest close in 20 months and its seventh straight session decline. The E-Commerce Times stock ...

Most online financial services have yet to gain a foothold among consumers, according to a study released Wednesday by business services firm Mercer Management Consulting As part of its report, Mercer found that the number of Internet users who had purchased insurance, loans or mortgages online lagged far behind those who bought computer hardware, ...