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Ariba in Freefall After Its Own ‘Black Monday’

Business-to-business (B2B) software provider Ariba (Nasdaq: ARBA) announced a slew of bad news after the markets closed Monday, including massive layoffs, lowered earnings expectations, and the cancellation of a planned merger with Agile software ...

MarchFirst Sells Assets, Lays off 1,700

Troubled Internet consultancy MarchFirst (Nasdaq: MRCH) announced Monday that it will lay off 1,700 employees, or 30 percent of its staff ...

Report: No Slowdown for Online Spending

Consumers spent US$3.4 billion online in February -- 13.3 percent more than the $3 billion spent online in January -- according to numbers released Thursday by the National Retail Federation (NRF) and Forrester Research ...

Report: Travel Mega Site To Cost Consumers Millions

A report released Wednesday by a Massachusetts Institute of Technology (MIT) economics professor denounces Orbitz, the controversial Internet travel site set to open this summer, predicting that it will become a "market power ringmaster" that will force U.S. consumers to pay US$183 million more annually for airfare ...

Report: Dot-Com Layoffs May Have Peaked

The number of dot-com job losses fell for the second month in a row, dropping 18 percent in March, according to a report released Tuesday by the job placement firm of Challenger, Gray & Christmas (CGC) ...

Nasdaq Purchases European Stock Market

In a bid to establish a global e-trading network, the Nasdaq Stock Market announced Tuesday that it had agreed to acquire a majority stake in the Easdaq, a Belgium-based pan-European electronic stock market ...

Publisher Withdraws eToys Bid

Hours after saying it had made an offer for the assets of bankrupt e-tailer eToys, children's book publisher Scholastic (Nasdaq: SCHL) announced late Monday that it would not submit a bid after all ...

Russian Web Site Selling Child Porn Shut Down

The U.S. Customs Service and the Moscow City Police cooperated to shut down a Moscow-based Web site called Blue Orchid that was selling child pornography, the agency said Monday ...

EU Tackles Online Consumer Confidence

Consumer confidence in e-commerce took center stage Friday and Saturday when the European Commission (EC) met in Stockholm, Sweden to discuss the "eEurope 2002 Action Plan." ...

Report: Internet Brokerages in Tight Race

Cheap trades, a retirement planner and free unlimitedquotes boosted TD Waterhouse to the top of ForresterResearch's latest rankings, released Monday, for online brokerage services ...

Charles Schwab Slashes Workforce

Brick-and-click brokerage firm Charles Schwab (NYSE: SCH) announced Thursday that it was eliminating from 2,750 to 3,400 jobs, or 11 to 13 percent of its workforce, in a bid to reduce operating expenses ...

Pennsylvania Sues Computer E-Tailer for Web Shopping Scam

The Pennsylvania Attorney General's office filed suit against a brick-and-click computer retailer Thursday for allegedly selling thousands of computer systems to U.S. consumers while failing to deliver the products ordered. ...

Busboy Scam Exposes Web Shopping Dangers

The news that a Brooklyn, New York busboy allegedly stole the identities of nearly 200 of America's most rich and famous people, bilking them for millions of dollars with information gleaned via free Internet access at local libraries, is a signal that the personal data stored on the Internet remains a breeding ground for credit card crime -- despite all assurances to the contrary...

E-Marketplaces: At What Cost?

Online purchasing could save firms up to 4 percent this year and 8 percent by 2003, but those cost savings will come with a hefty price tag, according to a report released Wednesday by Forrester Research ...

Study: B2B Old-Timers Hitting Pay Dirt

The longer that business-to-business (B2B) firms are online the more likely it is that they will achieve profitability, according to a study released Tuesday by ActivMedia Research ...

Amazon Slapped with Second Shareholder Lawsuit

A shareholders' lawsuit was filed against Amazon.com and three of its directors Tuesday in a Seattle, Washington federal court by a local law firm, alleging that the e-tail giant unlawfully inflated its stock prices by disseminating false and misleading information about its financial condition. ...

eBay Steps Further into Art World

eBay (Nasdaq: EBAY) said Monday that it has signed a deal with Artnet.com that will make Artnet's fine art pricing database available to eBay Premier customers ...

Report: Net Grocers Gaining Ground

Americans are growing more comfortable with buying their groceries online, according to a report released Monday by the University of Georgia ...

Wall Street Calls on Amazon To Open Books

An influential group of security analysts has asked Amazon (Nasdaq: AMZN) to provide detailed financial information to allay concerns that the Internet behemoth is teetering on the brink of bankruptcy. ...

Online Casino Risk – Collect $$ or Go to Jail?

The online casino industry is set to explode, but legal restrictions could keep U.S. firms out of the fray, according to a report issued Thursday by investment and securities firm Bear Stearns ...

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