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Retailers in Europe are not taking advantage of a growing market for television-based commerce, according to a new study released by Gartner. The reason, according to Gartner G2 analyst Davnet Cassidy, is that retailers "have not linked their interactive TV presence to TV programming." The televi...
Internet powerhouse Yahoo! reported better-than-expected results for the quarter ended in December, and said its long-time president, Jeff Mallett, will step down in April. Revenue for the quarter fell to US$188.9 million from $310.9 million in the same quarter last year and the net loss narrowed...
The market for online music is not doing as well as analysts at Jupiter Media Metrix had thought six months ago. The research firm on Tuesday lowered its outlook for the industry, citing a weak economy and delayed launches of new subscription products. But there is still hope for the industry, sai...
Upping the e-commerce stakes in the competitive fast-food business, pizza chain Papa John's said that it is making online ordering available at all its free-standing restaurants across the United States. Papa John's said it is the first pizza chain in the U.S. to offer online ordering throughout ...
AOL Time Warner lowered its earnings forecast for the quarter just ended and issued a bleak outlook for the current year. Results will include a first-quarter charge of up to US$60 billion to cover the declining value of Internet stocks since the media giant was formed last year. AOL said the one...
Online brokerages need to broaden their product offerings, maintain links with the brick-and-mortar world, and more effectively target their clients in order to make it through the economic downturn unscathed, according to analysts. For those Internet brokerages that continue to struggle, analyst...
Travelocity has lowered its outlook for fourth-quarter revenue, saying airline ticket sales in December were slower than expected. The company said quarterly revenue will total about US$68 million, about 9 percent below previous guidance -- but pro forma earnings will remain within the previously...
Homestore.com, the dominant online real estate company, overstated revenue for the first three quarters of last year, possibly by as much as US$95 million, according to preliminary results of an internal audit of company accounting practices. Homestore said that accounting errors involving online ...
Telecommunications provider SBC Communications will acquire a 3 percent stake in Yahoo! by purchasing shares from Japanese investor Softbank, the companies said. Softbank will continue to own more than 16 percent of Yahoo!, and will remain the Internet company's largest shareholder. In a previous...
TMP Worldwide, parent of online jobs company Monster.com, said that it will not raise its offer to buy rival job site HotJobs, clearing the way for a US$436 million takeover by Yahoo. TMP said that it "has already offered HotJobs full and fair value for the company, and that it would not be in th...
The number of visitors to Internet shopping sites for the week ended December 16th is running 55 percent ahead of the same week last year, according to a study released by Jupiter Media Metrix. "The late-season momentum of this year's online holiday traffic suggests that this year's sales expecta...
The PC will not be successful as a hub for watching interactive video, and business ventures based on selling movies over the Internet are destined to fizzle out before they begin, according to a new Jupiter Media Metrix study. Jupiter analyst Lydia Loizides told the E-Commerce Times that consume...
Name-your-price e-tailer Priceline.com received a boost when America Online agreed to feature the company's travel products on AOL's popular Web sites. Goldman Sachs analyst Anthony Noto repeated a market outperform rating on Priceline shares, saying the arrangement is likely "the first of severa...
Microsoft and Bank One announced a wide-ranging alliance to promote and develop online services. As part of the agreement, Bank One plans to use a variety of Microsoft offerings, including the nascent .NET technology. The pact focuses largely on marketing tie-ins and providing online services to ...
A bidding war for online job site HotJobs broke out when Internet portal Yahoo! said it offered US$436 million in cash and stock to buy the company, which in June agreed to be acquired by TMP Worldwide, the parent of rival firm Monster.com. Yahoo! chairman and CEO Terry Semel made the offer direc...
Internet incubator CMGI reported narrower operating and net losses for the first quarter ended October 31st, though revenue slipped from a year earlier. "Despite a difficult economic quarter, our successful efforts to significantly reduce our operating losses and complete the necessary financial ...
Online marketplaces and other exchanges that want to grow are looking beyond the initial transaction process and anticipating the needs of customers and users, said a new study from Aberdeen Group. The report said the best performing "process nets" are those that work hard to involve everyone in ...
With most companies having gone through a rough 2001, and despite an overall caution toward e-tail from many observers, analysts have begun to draw a clearer picture of the 2002 e-commerce stock bargains -- a picture that contains some surprises. "I never thought I'd be saying this a year ago, bu...
Online financial services company E*Trade has raised its outlook for next year's income and said it will buy back 20 million of its common shares from Internet investor Softbank. The repurchase of the shares from Softbank -- for $7.28 per share -- represents a 13 percent discount from the stock's...
Homestore.com, the dominant online real estate company, said that chief financial officer Joseph Shew is leaving the company for "personal reasons." The resignation occurs as online real estate continues to struggle for stability. Gartner Group research director Mike Bell told the E-Commerce Time...
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