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PurchasePro announced Tuesday that its net loss for the quarter was US$14.3 million more than originally reported. The Las Vegas, Nevada-based business-to-business (B2B) e-commerce company now says that its net loss, including non-cash charges and amortization of equity-based compensation and go...

Thousands of online consumers are out millions of dollars, according to a bankruptcy filing by e-tailer CyberRebate.com made in U.S. bankruptcy court in New York. Of the top 20 debtors listed on the bankruptcy filing by CyberRebate, a site that promised rebates of up to 100 percent on its hig...

Brick-and-click toy store KB Toys announced Friday that it has purchased the Web site, name and logo of defunct toy e-tailer eToys at a bankruptcy auction for approximately US$3.35 million. Acquiring the eToys name will allow KB Toys to profit from the millions that eToys spent on online and off...

Business-to-business (B2B) site Egarden has closed, parent company U.S. Home & Garden (Nasdaq: USHG) announced Wednesday. The company said that Egarden would keep a skeleton staff to maintain the infrastructure of the site, while U.S. Home & Garden evaluates strategic alternatives, includ...

As the Web becomes an increasingly global marketplace, U.S. based companies will need to create multicultural, multilingual Web sites in order to compete, according to a report released Thursday by Aberdeen Group. The report found that some big companies are already taking steps to "globalize" ...

Dashing cold water on recent encouraging news for the e-tail sector, the U.S. Department of Commerce reported Wednesday that online retail sales in the United States fell by 19.3 percent during the first quarter of 2001. During the quarter, online retailers rang up $6.99 billion in sales, down f...

Two European subsidiaries of eBay were sued by watchmaker Rolex over alleged auctions of counterfeit Rolex watches, according to a filing with the U.S. Securities and Exchange Commission (SEC) made Tuesday by the Internet auctioneer. The suit, which was filed April 25th in the regional court of...

Microsoft announced Tuesday that it will sign the "Safe Harbor" privacy protection agreement between the United States and the European Union. Multinational companies that do not sign the agreement -- which details the EU's minimum standards for data protection -- by June 30th will be prohib...

It was a disappointing Mother's Day for those who went online to send flowers, according to data released Tuesday by Nielsen//NetRatings and Keynote Systems. The Internet performance firms reported that 25 percent of Mother's Day orders placed at three popular flower sites -- 1-800Flowers.com, F...

The two fastest growing online age groups during the past year were people over 55 and 18- to 24-year-olds, according to a report released Monday by Jupiter Media Metrix. "These rapidly increasing age groups, which often have more leisure time than other demographic segments, are driving fund...

Few things are more annoying than opening your inbox and finding dozens of solicitations for credit cards, weight loss products and other goods and services. Unfortunately, no national law exists outlawing or regulating spam. Instead, spam is regulated by "a patchwork of state laws of varying ...

British telecommunications company Cable & Wireless Plc (C&W) (LSE:CW) announced Monday that it has agreed to acquire Internet content delivery and networking services provider Digital Island (Nasdaq: ISLD) for US$340 million in cash. C&W said that when the acquisition is complete, ...

British telecommunications company Cable & Wireless Plc (C&W) (LSE:CW) announced Monday that it has agreed to acquire Internet content delivery and networking services provider Digital Island (Nasdaq: ISLD) for US$340 million in cash. C&W said that when the acquisition is complete, ...

British telecommunications company Cable & Wireless Plc (C&W) (LSE:CW) announced Monday that it has agreed to acquire Internet content delivery and networking services provider Digital Island (Nasdaq: ISLD) for US$340 million in cash. C&W said that when the acquisition is complete, ...

E-commerce revenues in Singapore have more than doubled, growing from US$22.03 billion in 1999 to $51.1 billion in 2000, according to a report released Wednesday by the Infocomm Development Authority of Singapore (IDA) and Department of Statistics. "The Survey on E-Commerce 2000" found that 98.7 ...

Canadian Imperial Bank of Commerce (CIBC) is reportedly in advanced negotiations to purchase online brokerage Ameritrade (Nasdaq: AMTD) for up to US$1.8 billion. Citing people with "knowledge of the negotiations," USA Today reported Friday that CIBC, Canada's second largest bank, wants to buy...

A familiar brand name is the most important factor being considered by corporate buyers on the Internet -- even more important than price -- according to a study released Thursday by e-business consulting firm Accenture. The study found that 80 percent of corporate buyers believe that brand and c...

Online brokerage E*Trade announced Tuesday it has launched E*Trade Israel, a Hebrew and English language Web site that will allow Israelis to trade online in the U.S. stock market. Menlo Park, California-based E*Trade said it believes that its entry into the Israeli online finance sector will "gr...

The potential for price fixing in business-to-business (B2B) e-marketplaces was one of the many thorny issues addressed Monday and Tuesday in Washington D.C. at a seminar sponsored by the U.S. Federal Trade Commission (FTC). Lawyers, economists, researchers and business leaders attending the two...

Priceline.com announced late Monday that it is replacing president and chief executive officer Daniel Schulman. The e-tailer said chairman Richard Braddock will retake the reins as CEO, a position he held from July 1998 to May 2000. Chief operating officer Jeffery H. Boyd will assume the role ...