Two private equity firms have agreed to buy Clear Channel Communications for US$18.7 billion, ending weeks of speculation about the sprawling radio network's fate, including rumors of interest from Google. Clear Channel said Thursday it would be acquired by Thomas H. Lee Partners and Bain Capital Pa...
Online securities trading was a big fad a few years ago, but some of the major players disappeared from the scene after the dot-com fallout. However, many do-it-from-home traders cannot resist the Internet's speed and convenience, and there are still plenty of firms to accommodate them. Although som...
A new effort to reduce the amount of child pornography available on the Internet is being launched with federal officials and private groups poised to shut down Web sites, including those that aren't necessarily the subject of criminal charges or investigations. Several major Internet service provid...
Can you discern a fake e-mail from a legitimate one? Most consumers can't, but erroneously think they can, according to a new study by Bank of America and National Cyber Security Alliance, a copy of which was provided to the E-Commerce Times. The survey showed that 87 percent of consumers polled sai...
Computer Sciences Corp. may find it a challenge to nail both the right buyer and the right price if it ends up on the block. The company has announced it is exploring various alternatives including an outright sale. On Tuesday, CSC said its board of directors "decided to explore strategic alternati...
In the latest of several high-profile cases of database breaches that could be connected to identity theft, the timeshare unit of hotel giant Marriott International says it can't find computer backup tapes containing personal data of more than 200,000 customers and employees. Marriot Vacation Club I...
Keynote Systems today announced the winners of the 2005 Keynote Performance Awards. Keynote said the annual awards program has two purposes. The first goal is to recognize and honor Web sites across a range of vertical industries. The second goal is to foster an environment of healthy competition am...
The landmark settlement between class action plaintiffs and 10 former WorldCom directors fell apart yesterday after a federal judge rejected a key aspect of the deal. Directors had agreed to pay US$54 million, including $18 million of their own money, to settle the suit. U.S. District Judge Denise C...
Markets tumbled today after two reports bore bad news for the U.S. economy and oil prices again soared to record highs. The Labor Department reported that weekly jobless claims rose by 15,000 last week to 352,000 and said the four-week moving average of claims had also reached a seven-month high. Se...
Oil prices flirted with record high levels again today as a fresh round of sabotage attacks in Iraq revived fears that supplies to the U.S. could be impacted. Crude oil prices soared as high as $41.90 during the day in New York trading before settling to $41.64 at the close, a seven-week high. Oil s...
In the wake of the dot-com collapse and subsequent recession, it is easy to shun e-commerce hype -- but to do so altogether would be short-sighted. The ideas that drove the initial boom are still valid and in fact have flourished. Customers and businesses really have forged direct connections over ...
Robertson Stephens, an investment bank that helped take Webvan, eToys, Palm, eMachines, Buy.com and a score of other Internet and tech companies public in the dot-com heyday, will be closed after attempts to find a buyer failed, according to parent company FleetBoston Financial. "It was a difficu...
On the heels of eBay's $1.5 billion PayPal acquisition, Microsoft is making its own play to compete in the online payment space. The software giant has announced a partnership that will allow banks to authenticate Visa and MasterCard credit cards with a shopper's Microsoft Passport username and p...
Daily
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I can't tell when apps use AI
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The Future of Gen AI in Retail: Balancing Human Factors With Revenue Growth
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