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To maximize relationships with preferred suppliers, many European firms will develop private online hubs that will result in savings of 9.5 percent on sales costs in the coming years, according to a study released Thursday by Forrester Research. A shift to Internet-based hubs on the continent wil...
The U.S. Federal Trade Commission (FTC) announced Thursday that it has settled charges with three operators of Bigsmart.com, an online business opportunity for investors in an Internet shopping mall network that government investigators charged was an illegal pyramid scheme. According to the FTC...
Although many automotive industry players are running Internet marketing campaigns meant to bring car buyers to their Web sites, approximately 48 percent of online users remain less than satisfied with the information supplied by such campaigns, according to a study released Tuesday by e-business...
Although online trading has experienced sharp growth since 1999, a report released Monday by the U.S. General Accounting Office (GAO) said that many Internet brokerages are still not disclosing basic information about legal protections and potential risks to consumers, hampering their ability to ...
Although 38 percent of European businesses use the Internet to buy goods and services, another 36 percent expect to incorporate online purchasing in their operations beginning next year, according to data released Thursday by IDC. With growing numbers of European organizations making substantial ...
As one of the largest global payment systems, Visa has looked to the Internet to boost its family of branded financial products, including credit cards, smart cards, stored value cards and check cards. In this interview, Gerry Sweeney, vice president of marketing services for Visa's e-commerce a...
Although many financial services firms have revamped their marketing campaigns around "fear-inducing" messages, in an effort to attract and retain clients, a study released Wednesday by Forrester Research finds that these companies need to take a markedly different approach when dealing with affl...
European Union (EU) regulators cleared the way for the wide-scale implementation of electronic signature initiatives Wednesday, approving a global network set up by financial institutions worldwide to authenticate digital signatures and other aspects of e-commerce transactions. Meeting in Brusse...
In a move that it says reflects an "aggressive focus" on growth and profitability, online brokerage Ameritrade announced Tuesday that it has inked a deal to acquire Deutsche Bank online subsidiary National Discount Brokers (NDB) for US$154 million in common stock. Omaha, Nebraska-based Ameritrade...
National discount retailer Kmart and its online unit, BlueLight.com, announced Monday that they have teamed up to launch a new unlimited access Internet service plan for US$8.95 per month. Kmart and BlueLight said that the offering, which is aimed at both new users and the ISP's existing 7 mill...
Online bookseller Barnesandnoble.com said Thursday that it reduced losses in its second-quarter 2001 results from the year-earlier period -- narrowly beating Wall Street estimates -- and that the company increased sales despite a pullback in marketing and promotional spending. "We are very pleas...
Although online gambling sites have flooded the Internet in a bid to capture a portion of the potentially lucrative market, many users have hedged their bets over concerns that the sites might not be legitimate, according to a study released Wednesday by Greenfield Online. Underscoring the slow ...
Although the globalization and localization (G&L) services industry has just begun making inroads with some e-commerce firms, it is already transforming the e-business economy worldwide, according to a report released Wednesday by IDC. According to the research firm's survey of 20 G&L lea...
Although small businesses have had ample opportunity to tap a wealth of available resources designed to help them sell their products and services online, many are still sitting on the sidelines when it comes to e-commerce, according to a report released Tuesday by IDC. The Framingham, Massachus...
Defunct online grocer Webvan was slapped with its second class action lawsuit in as many weeks Monday, over allegations that its initial public offering (IPO) violated federal securities laws. Specifically, the suit charges that a portion of the e-tailer's IPO registration statement filed with ...
Nearly 60 percent of Internet executives planned to increase their Web site expenditures during 2001, according to a study released Thursday by IDC. As part of a survey of its Internet executive advisory council, the Framingham, Massachusetts-based research firm said that although only 41 perce...
Mega-travel site Orbitz and online discount travel firm Hotwire, both backed by a consortium of the largest airline carriers in the U.S., said Thursday they have inked a marketing agreement that will provide each company's customers direct access to the other's fares and hotel rates. As part of ...
Although European e-tailers are facing their own wave of closures and consolidation, a study released Tuesday by the Boston Consulting Group found that the continent's online retailing industry is "far from dead," but rather that consumers are growing increasingly enthused about purchasing from b...
While companies continued to increase their online business-to-business (B2B) adoption rate during the second quarter of 2001, most organizations still report that they are in the early stages of full-scale Internet-based buying, according to a study released Monday by the National Association of...
Dutch supermarket giant Royal Ahold announced Monday that it is set to acquire all outstanding shares of U.S. online grocery unit Peapod, saying that it sees a "growing and strong" demand in the home delivery market. As part of the estimated US$35 million transaction, Ahold said it will offer $2....
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