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Career search Web site Monster.com extended its European reach Friday, with the announcement that it intends to acquire one of Europe's largest online professional search companies, Jobline International. Monster's offer to purchase US$115 million in Jobline stock would add five new European coun...

Adding to the recent flurry of Internet fraud news, the U.S. Federal Trade Commission (FTC) told Congress on Wednesday it received over 25,000 Internet fraud complaints in 2000. Testifying before the House Committee on Energy and Commerce, Eileen Harrington of the FTC's Bureau of Consumer Pr...

Internet travel agency Travelocity.com said Wednesday that it has sold its stake in online discount hotel broker Hotel Reservations Network. Travelocity spokesperson Jennifer Tweeton told the E-Commerce Times the company sold its 9.4 percent stake in HRN simply to "monetize its investment and turn i...

Despite the failure, as detailed in the documentary "Startup.com," of govWorks.com to make paying parking tickets via the Net a dream come true, real-world government agencies are working overtime to make Internet services for motor vehicle registrations and driver licenses a reality. According...

As dot-com executives continue playing their version of musical chairs, the question many investors are asking now is: what happens when the music stops? Will these "new leaders" breathe new life into stagnant e-commerce companies, or will they simply be the new faces of failure? "I think it wi...

Brick-and-click grocer PDQuick.com has been acquired by Web delivery venture WhyRunOut.com in an all-cash transaction, WhyRunOut chief executive officer Dan Frahm said Friday. Gartner Group research director Geri Spieler told the E-Commerce Times that acquiring PDQuick and its small subset of b...

Urban delivery e-tailer Webvan (Nasdaq: WBVN) said Wednesday that it will pay former chief executive officer George T. Shaheen US$375,000 per year for the rest of his life, as part of a supplemental retirement package that was negotiated before Shaheen began his employment with the company. "To ...

Pick up virtually any major media publication covering the dot-com shakeout of the past year and you're likely to come across a slight variation on the following theme: "the New Economy was a bust." But was the New Economy really a complete hoax? Many economists actually consider e-commerce to be...

Media conglomerate DirectGroup Bertelsmann announced Tuesday that it is integrating its online bookstore, BOL.com, into its multichannel book club division and closing some of BOL.com's international operations. According to published reports, Bertelsmann club division chief Klaus Eierhoff predi...

Use of the XML mark-up language as a global standard for e-commerce transactions took an important step forward Monday when the UN Centre for Trade Facilitation (UN/CEFACT) and OASIS, a consortium of high tech giants, including IBM, Sun Microsystems and Hewlett-Packard, approved a standardized...

MP3.com announced Thursday that it is offering a new service, called netCDs, that will allow customers to buy digital music CDs stored exclusively online for access or download from a Web-enabled device. "MP3.com has been one of the most aggressive companies about searching for new revenue streams...

Amazon.com chief executive officer Jeff Bezos has filed to sell 300,000 shares of Amazon stock -- under a recently enacted rule designed to allow executives to sell company stock at fixed intervals without violating insider-trading rules -- according to a regulatory filing made with the U.S. Secu...

While there might be more hand-wringing over dot-com layoffs than is truly warranted, e-commerce watchers have as much right to be concerned about recent job-cut trends as anyone in other segments of the high-tech sector. According to John Challenger, chief executive officer of job placement firm C...

The controversy continues for travel mega-site Orbitz. Southwest Airlines sued the airline-backed travel giant Thursday for providing "false and misleading" information to its customers regarding Southwest flight schedules, rates and fares. Southwest also alleged that Orbitz is using Southwest's p...

A new car company offering customized automobiles over the Internet has been formed through the merger of online car sales company Model E and Flint, Inc. a start-up created by CarsDirect.com co-founder Scott Painter. The new venture will be called Build-To-Order, or BTOauto.com. "It's about the ...

North American e-commerce revenue is expected to grow 46 percent by the end of 2001 compared to a year earlier, to just over US$65 billion, according to a retailer survey released Wednesday by the Boston Consulting Group and Shop.org. In addition, the report predicted that online retailing will s...

Following in the paths of rivals Travelocity and Expedia, another online travel leader has beaten the street. Priceline announced Tuesday a pro forma net loss for the first quarter 2001 of US$6.2 million, or 3 cents per share, beating analyst estimates of a loss of 5 to 7 cents per share. Pricel...

A channel surf across the e-business landscape reveals mixed signals when it comes to the success of TV network-backed Web sites. "Part of it is they don't sell; that's not what they do," IDC analyst Jonathan Gaw told the E-Commerce Times. "They are content-focused because that's their strong sui...

After two consecutive months of declining layoffs, dot-com companies made a record 17,554 job cuts in April, marking an 84 percent increase over the 9,533 e-business jobs cut in March, according to a report released Thursday by job placement firm Challenger, Gray & Christmas (CGC). "These we...

Despite a recent hesitancy on the part of e-business investors to get involved in the Asia-Pacific market, a report released Friday by IDC predicted that B2B e-commerce in the region will sell more than US$61 billion in direct and indirect materials by the end of 2002, compared to $12.8 billion ...