Archive

China's Internet and technology stocks soared yesterday following news of a U.S.-China trade deal that may pave the way for China's entry into the World Trade Organization (WTO).

Internet postage provider Stamps.com (Nasdaq: STMP) announced today that it has created a new subsidiary that will offer encrypted printing of tickets, vouchers, certificates and other paper instruments for the events, travel and financial services industry.

In what is being billed as one of the largest private equity placements ever secured by an Internet company, online car retailer CarsDirect.com announced yesterday that it has closed a $280 million (US$) round of financing.

Continuing its transformation from a free e-mail company to a multi-faceted Internet service provider, Juno Online Services, Inc. (Nasdaq: JWEB) announced a new shopping service today that will allow other online retailers to sell products on its Web site.

For the second time in just over a month, online travel site Expedia.com, which is majority-owned by Microsoft, has been sued in a federal court.

Consumers have long felt victimized by new car sales teams that manipulate, deceive and cajole buyers into one-sided deals. Now, as new cars sales rush online, the consumer stands to fight back through new programs developed by priceline, Ford and CarPrices.com.

If the actions of Microsoft CEO Bill Gates are any indication as to whether there is life after being declared a monopoly by U.S. Federal Judge Thomas Penfield Jackson, the answer is an emphatic "yes."

Despite the fact that media attention to the explosive growth of e-commerce has largely focused upon the new synergy between consumers and e-tailers, the real success stories may be in the business-to-business sector.

IBM's Global Services division announced yesterday that it is expanding the e-business innovation center it built in Atlanta, Georgia four years ago by building a network of facilities throughout the U.S. and Europe.

Everything that has to do with e-commerce seems to move at record speed, except for one thing: The decision whether to tax goods and services sold over the Internet.

Destination site AltaVista, which has Internet holding company CMGI (Nasdaq: CMGI) as its majority shareholder, announced today that it has signed up 800,000 users for free Internet access in the first three months of the service.

Online brokers Charles Schwab, Ameritrade (Nasdaq: AMTD) and TD Waterhouse (NYSE: TWE) announced today that they will join three prominent Internet venture capital firms to open an Internet-based investment bank by early next year.

Caldera Systems, Inc. officially launched its OpenLinux eServer 2.3 today, as the Linux Business Expo kicked off at COMDEX in Las Vegas, Nevada.

Disney and its Go Network's plans to launch a publicly-traded division called go.com suffered a setback last week when a U.S. District Court judge in Los Angeles issued a preliminary injunction that prevented the company from using its familiar Go logo.

A new report from Forrester Research, Inc. is projecting that WingspanBank.com, the six month-old Internet banking venture of Bank One Corp. (NYSE: ONE), is about to stall.