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Reports earlier this week that online powerhouse Amazon.com is being sued by individual consumers as well as being investigated by the U.S. Federal Trade Commission (FTC) for privacy issues are the culmination of suspicions that have been coming to a boil since late last year ...
The National Governors' Association (NGA) has issued a stern call to action for U.S. states to help grow e-commerce by eliminating "the horse-and-buggy tax systems that are unsuited to the exploding telecommunications market." ...
United Parcel Service, Inc. announced today that it has formed a subsidiary that will perform back-end fulfillment functions for e-commerce companies and also help companies develop their supply chain management operations ...
Financial software giant Intuit, Inc. and TransPoint, a joint venture between Microsoft and First Data Corp., are teaming together to tackle one of the last bastions of paper-based commerce -- the sending of 63 billion bills yearly to small businesses and consumers ...
Despite reporting a net loss of $323 million (US$) or 96 cents a share for the quarter ended December 31, 1999, e-tail giant Amazon.com has seen its stock shoot up $9-3/16 in mid-day trading Thursday to a price of $78-5/8 ...
With an eye toward selling half of its air travel tickets online by 2003, British Airways has announced that it will cut 6,500 jobs over that three-year span ...
Kmart, the second-largest discount retail operation in the U.S., has announced that it will offer shares of its common stock directly to its 180 million shoppers on its recently-launched BlueLight.com Web site. Most stocks normally must be purchased from brokerages ...
Business-to-business (B2B) online trading community operator VerticalNet, Inc. has formed a joint European venture with global communications company British Telecommunications (BT) and venture capital fund Internet Capital Group (ICG) ...
X.com, a Palo Alto, California-based online bank, recently allowed customers who were setting up new accounts to specify the account number from which funds were being transferred. Unfortunately, X.com did not verify whether the person who was setting up the account had the right to transfer those funds ...
Chicago, Illinois-based Arthur Andersen has become the first of the "Big Five" accounting firms to take direct aim at Internet startup companies by launching a $500 million (US$) venture capital fund ...
Simon Wright, the chief financial officer of Virgin Megastore, said this week that music distribution over the Internet could erode his company's profits enough to drive it out of the business ...
Japan is taking business-to-consumer (B2C) e-commerce to a new level by introducing a system that allows customers to order goods online but pay cash for them in brick-and-mortar convenience stores ...
Medtronic, a $4+ billion (US$) provider of medical devices, has announced plans to invest a total of $330 million in two deals that are designed to take its cardiovascular and neurological stimulation devices into the world of e-commerce ...
Many e-tailers across the industry are growing concerned that would-be buyers of high-tech and high-ticket items are backing away from online purchases because of concerns about follow-up service and a lack of long-term warranties ...
E-Stamp and Ticketmaster.com became instant rivals today as both companies introduced new systems to allow consumers to purchase tickets online and print them at home on their PCs ...
Powerful Hong Kong businesses HongKong and Shanghai Banking Corp. Ltd, Hang Seng Bank, Cheung Kong Ltd., and Hutchison Whampoa Ltd. have formed a joint venture to bring more businesses online ...
Giant e-tailer Amazon.com announced deals today and on Friday that are expected to bring in $187.5 million from equity partners that will promote their products to Amazon's 16 million online shoppers ...
In what could represent a boon for e-commerce in the world's most populous nation, newly-released figures from the China Internet Network Information Center (CINIC) show that online users in China grew more than four-fold from 2.1 million in 1998 to 8.9 million last year ...
Software giant Microsoft Corp. (Nasdaq: MSFT) has announced plans to invest $100 million (US$) in VerticalNet, Inc., an owner and operator of 55 industry-specific Web sites that function as online business-to-business (B2B) vertical trade communities. The new partnership is intended to help small and medium-sized businesses do business online ...
E-commerce is set to explode in Japan from about $4 billion (US$) in 1999 to $693 billion in 2003, according to a new report from Andersen Consulting and Japan's Ministry of International Trade and Industry (MITI) ...
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