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Saudi Prince Doubles Stake in Priceline

Billionaire Prince Alwaleed bin Talal, a nephew of Saudi Arabia's King Fahd, announced Monday that he has agreed in principle to invest an additional $50 million (US$) in Priceline.com (Nasdaq: PCLN). The prince's total investment in the online merchant will reach $100 million once the deal closes ...

Auto Mega-Site Nets FTC Approval

The U.S. Federal Trade Commission (FTC) is ready to give its seal of approval to Covisint, the business-to-business (B2B) Internet marketplace backed by DaimlerChrysler, Ford and General Motors ...

Mega-Travel Site Delays Launch

Controversial online travel venture Orbitz announced Friday that it is delaying the launch of its Web site until next summer ...

AMEX To Offer ‘Disposable’ Credit Card Numbers

In a move designed to ease consumer concerns about online security and cut down on credit card fraud, American Express (NYSE: AXP) rolled out a new product Thursday that will allow its cardholders to use disposable credit card numbers for online purchases ...

FTC Lowers Boom on Net Porn Scammers

Continuing its crackdown on porn sites that illegally bill customers, the U.S. Federal Trade Commission (FTC) announced Thursday that it has won a $37.5 million (US$) judgment against an adult Web site operation that was billing customers for X-rated Internet visits they had not made and services they did not order ...

FTC Seeks Global E-Commerce Laws

According to the U.S. Federal Trade Commission (FTC), the potential of international e-commerce may never be realized unless standards are adopted to regulate cross-border transactions ...

High-Tech Giants Partner on B2B Web Directory

A consortium of 36 of the Web's biggest companies -- led by IBM, Ariba, and Microsoft -- announced plans Wednesday to create an online business directory that will make business-to-business (B2B) e-commerce simpler and more efficient ...

Report: Holiday E-Sales To Double

Online shoppers will spend almost $20 billion (US$) this holiday season, according to a study released Tuesday by Gartner Group ...

Most Net Gamblers Say Fix Is In

The majority of online gamblers -- some 60 percent of those surveyed -- believe the sites they visit are "fixed," according to a survey released Tuesday by online market research firm Greenfield Online ...

Report: Dot-Coms Driving Net Advertising

A new report by Media Metrix (Nasdaq: MMXI) division AdRelevance shows that while traditional companies are beginning to realize the marketing potential of the Internet, online advertising is dominated by dot-coms ...

U.S. Report Gives Net a Clean Bill of Health

An optimistic report released Friday by the U.S. Internet Council (USIC) predicts that the Internet will continue to evolve into an open and global information environment and that those nations, corporations and citizens who can adapt to the Net's constant innovation will thrive ...

U.S. E-Commerce Shows Solid Q2 Growth

Consumers spent over $5.5 billion (US$) shopping on the Internet during the second quarter of this year, an increase of 5.3 percent from first quarter online sales of $5.24 billion, according to separate figures released Thursday by Nielsen//NetRatings and the U.S. Department of Commerce (DOC) ...

Egghead.com Ships Jobs Out of Silicon Valley

E-tail giant Egghead.com (Nasdaq: EGGS) announced late Thursday that it will be moving approximately 20 percent of its staff from Silicon Valley to Vancouver, Washington over the next several months ...

Colleges Move To Ban Napster

In a bid to avoid costly copyright litigation, 34 percent of colleges around the U.S. have banned their students from using Napster, according to a survey released Tuesday by Internet research firm Gartner Group ...

Report: E-Government Becoming Reality

Just as the Internet has changed the way retailers relate to their customers, it will change the way that U.S. federal, state, and local governments deal with constituents, according to a new report by Forrester Research ...

Feds Tackle Web Pyramid Scheme

U.S. federal authorities have sued to shut down an online pyramid scheme posing as an investment club ...

Report: More Shopping Channels, More Spending

A report released Tuesday by Internet research firm Jupiter Communications concludes that multi-channel shoppers -- shoppers who use traditional stores, Web sites and print catalogs -- purchase 30 percent more than those who use only one retail channel ...

Amazon Storms into France

The most recognized e-tailer in the United States, Amazon.com (Nasdaq: AMZN), announced Tuesday that it will launch a French-language site Thursday. According to the company, Amazon.fr will be "dedicated to customers in France and to French-speaking customers around the world." ...

Study: Net Fueling Global Job Boom

The Internet economy will by 2002 employ more than 10 million people across a variety of industries in the United States and Europe, according to a study released Monday by Chicago, Illinois-based Andersen Consulting ...

Report: UK Set for Cybercrime Surge

A new survey released by the Association of British Insurers (ABI) predicts that cybercrime -- including Internet fraud, e-mail abuse, hacking, and viruses -- will increase over the next 20 years ...

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