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The online advertising market will remain soft until the second half of next year, said executives at Internet marketing company DoubleClick on Tuesday, after the company reported a wider loss for the second quarter ended June 30th. "The second quarter was another difficult one, and we expect t...
Brick-and-click brokerage E*Trade will pay a US$90,000 fine for advertising and marketing tactics that the National Association of Securities Dealers (NASD) deemed misleading to investors. NASD Regulation, a branch of the securities industry group, said Monday it also censured E*Trade for violat...
Online grocer Webvan said Monday it has ceased operations in all its markets and will file for bankruptcy protection. Webvan, which has been exiting markets and selling assets in an attempt to stay afloat, had previously said it had enough cash to survive through the end of the year, but would n...
As companies prepare to report results this month for the quarter ended in June, some analysts believe that the e-tail industry might be pulling out of its slump -- with those companies that survive the downturn likely to thrive. Year-over-year comparisons for many battered e-tailers look favorable...
Internet consultant Organic has joined the growing list of former dot-com high fliers facing a Nasdaq delisting. Late Tuesday, the San Francisco, California-based company said it is seeking a hearing from a Nasdaq panel to avoid delisting. Organic shares have not traded at the Nasdaq's minimum bi...
Staples is proceeding with plans to buy back its online unit and fold it into its traditional retail operations, after agreeing to settle a suit with shareholders who alleged that company managers would reap unfair profits from the deal. As part of the settlement announced late Monday, Staples sai...
London-based online travel company Ebookers said Monday it has moved some operations to India, and also opened a customer service call center there, as part of a plan to cut costs and break even by the first quarter of 2002. Ebookers said it will outsource some functions to a call-center company ...
On January 3rd, when the U.S. Federal Reserve cut its targets for key interest rates for the first time this year, analysts said companies would begin to see the results of lower borrowing costs in about six months, as the lower rates would spur corporate spending. Technology was supposed to be a...
E-commerce service provider Beyond.com announced Wednesday that it will now be known simply as Beyond, after shareholders approved the name shortening as part of a plan to shift away from e-tailing. Shareholders at the company's annual meeting Tuesday also approved a reverse stock split and the ...
The ability to research products, compare prices and choose from a wide selection of comparable goods are the main reasons behind Internet user decisions to purchase online, according to the results of a survey released Wednesday by Yahoo! and audience-measurement firm ACNielsen. The inaugural Y...
Many U.S. airlines are now offering consumers discounts for making travel reservations over the Internet. Airlines have good reason to want travelers to book online, said Rob Lancaster, Internet market strategist at the Yankee Group. "It's a logical move," Lancaster told the E-Commerce Times. "W...
UK retailer Tesco said Monday it will enter the U.S. online grocery market, buying a stake in the e-tail business of supermarket chain Safeway. Tesco said it will pay approximately US$22 million for a 35 percent stake in Safeway's GroceryWorks online subsidiary, enabling the U.S. company to expan...
iVillage.com will cut more jobs over the next couple of months as it shoots to break even on a pro forma basis in the third quarter of this year, executives of the New York City-based women's Internet network said. The "rightsizing" will include a reduction in the company's workforce over the nex...
Auto dealers are not using the Internet to their best advantage when seeking to lure customers to their dealerships, according to a study released Wednesday by research firm J.D. Power and Associates. A key issue is that car dealers generally do not have a good idea of how they can use Internet-...
An executive order signed Tuesday by U.S. President George W. Bush aims to make computers -- and the Internet -- more accessible to people with disabilities, beginning with new requirements for government Web sites. "The Internet brings a world of information into a computer screen, which has enric...
As weak trading volumes and a slow Web advertising market take a toll on their results and stock prices, online brokers are moving fast to diversify their revenue sources. However, it is still "too early to say" how the online brokerages' movement into other sectors of the banking industry will ...
As more consumers gain access to broadband technology and interactive television, a new market for the sale of audio and video content and streaming-media advertising is developing, according to a report released Monday by the Yankee Group. Yankee analyst Steven Vonder Haar said the rise of "on-d...
Stamps.com said Thursday that it has filed a lawsuit against Pitney Bowes, alleging that the postage-equipment giant is infringing its Internet-postage patents. "We are committed to strategically managing our intellectual property portfolio to enhance shareholder value," said Stamps.com chief exe...
With the companies it backs continuing to lose money, Internet incubator CMGI reported a net loss of almost US$1 billion for the third quarter ended April 30th. "Substantial progress has been made on refining our business model, but there is still more work to be done," said chairman and chief ex...
As the summer travel season gets underway and a new competitor -- airline-backed Orbitz -- enters the fray, online travel companies are bombarding consumers with new multimedia marketing pitches. However, analysts told the E-Commerce Times on Tuesday that even with the new TV and print ad campaig...
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