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Flooz.com announced Monday that it is the recipient of $16.5 million (US$) in first-round capital financing from a group of well-known Internet venture capital firms. Flooz has been described as the first service to provide online gift-giving currency.

Three Internet veterans with experience at Microsoft Corp., Apple Computer Inc., Pointcast and American Digital Network are hoping to revolutionize personal Internet use with the launch of iDirections.com, a combination of free services, electronic commerce, content and community features.

Seeing Prodigy Communications Corp. back in the news again brought back fond memories.

E-commerce solution provider Unify Corp. (Nasdaq: UNFY), announced this week that two of its forthcoming Internet software releases will be certified to run on the Red Hat, Inc. (Nasdaq: RHAT) distribution of the Linux operating system (OS).

Hewlett-Packard Co. announced Friday that it is teaming with StarMedia Network (Nasdaq: STRM), the largest Spanish-language and Portuguese-language online service in the world, to help merchants put their wares online.

Facing pressure from competitors and the stock market, Priceline.com announced that it set a single-day sales record by selling more than 10,000 airline tickets Thursday.

Online auctioneer FreeMarkets, Inc. will attempt to raise as much as $70 million (US$) from an initial public offering.

This week, a trio of powerful Internet companies and the United Nations launched what is being billed as "The world's most powerful site to fight extreme poverty." The opening of NetAid by U.S. President Bill Clinton, British Prime Minister Tony Blair and former South African President Nelson Mandel...

iWeb, a developer of technology that allows Internet service providers to subsidize free Internet access with e-commerce services and advertising, announced Thursday that it has secured a $3 million second round of financing. The round was led by marketing and communications firm Young & Rubicam...

Embattled French bank Paribas announced Friday that it will launch Europe's first cross-border Internet brokerage by the end of the month and will team up with American online brokerage firm Ameritrade to sell European stocks to U.S. investors by year's end.

Musicland Stores Corp. and NetFlix.com began a cross-promotion program yesterday with links on NetFlix.com and Musicland's SamGoody.com retail site. The partnership is designed to promote awareness and sales of the digital versatile disc (DVD).

Seeking to bolster its position in the online video sales market, e-commerce giant Amazon.com (Nasdaq: AMZN) is featuring footage not used in either the box office or home video version of The Blair Witch Project, a low budget production that has improbably become the most profitable film ever produ...

A couple of weeks ago, online bookseller Fatbrain.com introduced a new model for selling books, magazine articles and other documents that it says will radically change the publishing world.

iWeb, a developer of technology that allows Internet service providers to subsidize free Internet access with e-commerce services and advertising, announced Thursday that it has secured a $3 million second round of financing. The round was led by marketing and communications firm Young & Rubicam...

As part of a direct push into the data-storage market, Dell Computer Corp. agreed to buy privately held ConvergeNet Technologies, Inc. for stock valued at $340 (US$) million.