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Online toy retailer eToys, Inc. announced Thursday that net sales for its fiscal year ended March 31st reached $151 million (US$), five times higher than earnings of $30 million one year earlier. However, the company also reported a loss of $148.1 million for the fiscal year, or $1.29 per share, compared with a loss of $22.4 million and 27 cents per share a year ago...

Contrary to widespread rumors that the U.S. Department of Justice and the 19 states suing Microsoft Corp. would seek separate remedies in the antitrust case, all parties concerned are expected to proceed Friday by filing a joint proposal ...

Tuesday's announcement that UPS will offer a new online electronic bill presentment and payment service for business-to-business (B2B) transactions marked yet another milestone in the company's drive to become an e-commerce monolith ...

Just weeks after unveiling its online personal finance service, General Electric Co. announced Tuesday that it has partnered with CompuBank to provide personal banking services via GE's already established GE Financial Network (GEFN) ...

This week, online pharmacy Drugstore.com outdid expectations by reporting a $38.9 million (US$) loss for the quarter ended April 2nd ...

E*Trade CEO Christos Cotsakos is projecting revenues in excess of $1 billion (US$) for 2000, although the company's first quarter profits were marginal ...

After weeks of behind-the-scenes wrangling over remedies in the Microsoft antitrust case, published reports Monday indicate that the U.S. government and 19 states are inclined to seek a breakup of the company ...

Data from two new studies shows that auto dealers and consumers alike are increasingly turning to the Web to purchase new cars ...

According to a new report by investment bank Bear Stearns, 80 percent of online travel sites are destined to fail over the next five years ...

Electronic commerce in Latin America is poised to grow to $82 billion (US$) by 2004, according to a new report by Cambridge, Massachusetts-based Forrester Research ...

U.S. investment bank Merrill Lynch & Co. and international banking group HSBC Holdings announced a $1 billion (US$) deal Tuesday to form a new online global banking and brokerage company ...

A new study by Cambridge, Massachusetts-based Forrester Research indicates that the U.S. government's perceptions of why some Americans lack access to the Internet are widely divergent with reality ...

Mortgage industry executives at last week's Second Annual Online Mortgage Forum in Chicago, Illinois declared that U.S. Web surfers are increasingly using the Internet to research loans and compare rates, but are still wary of closing a loan online ...

Internet delivery service Kozmo.com was sued Thursday by the Equal Rights Center, a Washington D.C.-based civil rights group, and two African-American co-plaintiffs who claim the company refused to deliver merchandise to their homes because they reside in predominantly African-American neighborhoods ...

U.S. Senator Paul Wellstone (D-Minnesota) has asked the U.S. Justice Department to launch an investigation into whether a proposed business-to-business (B2B) exchange by six leading meat companies would violate antitrust regulations ...

America Online surged ahead of Amazon.com in online transaction volume for the month of March, according to the NextCard eCommerce Index, a monthly listing of online merchants with the greatest number of transactions by NextCard customers ...

As widespread consolidation prepares to sweep the e-commerce landscape, brick-and-mortar beauty queen Estee Lauder announced Wednesday that it has acquired struggling cosmetics e-tailer Gloss.com ...

The quest for dominance of the online travel bookings industry began in earnest this week, as Travelocity.com announced that its marketing agreement with Priceline.com -- in the works since late last year -- is now final. The announcement anticipates the scheduled June unveiling of an airline mega-site by an alliance of 28 major airline companies ...

In a move typical of its well-established independent corporate philosophy, Volkswagen announced Tuesday that it will forgo joining an online auto parts marketplace with the Big Three U.S. automakers in favor of a similar strategic partnership with IBM ...

In an effort to forestall a recurrence of the fulfillment and infrastructure problems that made the last holiday season a blue one for Toysrus.com, the beleaguered Internet arm of retail giant Toys "R" Us has unveiled plans to open two new fulfillment centers ...