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Instill Corp., a provider of e-business services for the foodservice industry, announced today that it has raised an additional $24.3 million (US$) in venture capital financing This latest round of funding brings the Palo Alto, California-based company's total financing to $44.5 million. Chase Capital Partners led the round, which also included inv...

VacationSpot.com, an online booker of independent vacation properties, and bamboo.com, a provider of virtual tours for the real estate industry, announced today that they have formed an alliance Seattle, Washington-based VacationSpot said that it will utilize bamboo.com's 360-degree virtual tours to showcase some of the 25,000 world-wide vacation p...

Twinbays.com China has signed Beijing's largest department store operator to be a new vendor on the Twinbays auction site, bringing the credibility of a major name retailer and a slice of its Internet sales receipts to the online service The Xidan Department Store Group, which operates the Friendship Store in Beijing, expects to top $1.2 billion (U...

A new report by Forrester Research, Inc. predicts that free Internet access in the U.K and the rest of Europe will collapse by 2002 The report foresees that market and regulatory forces will lower European interconnect phone fees, decreasing margins dramatically over the next two years. As a result, user interconnection revenues will drop 30 percen...

Magic Software Enterprises (Nasdaq: MGIC) unveiled the latest version of its e-commerce server Friday, a product powered by the Red Hat, Inc. (Nasdaq: RHAT) distribution of the red-hot Linux operating system (OS) The Magic Enterprise Server v.8.3, which will ship in October, features the ability for e-commerce developers working on other platforms ...

Softbank Corp., one of the world's largest Internet investors, is teaming up with a Japanese home appliance retailer to launch a new shopping site for the growing Japanese market Called eBEST Corp., the joint venture between Softbank and Best Denki Corp. will sell computer hardware and software, household electronics, furniture, books, sporting goo...

A report that the Chinese Government is considering a ban on foreign investment in Web companies sent shares of China.com (Nasdaq: CHINA) plummeting sharply Wednesday and caused jitters throughout the region The head of the Ministry of Information Industries told the Asian Wall Street Journal that the government - which has relaxed many investment ...

Woburn, Massachusetts-based FairMarket Inc. is teaming up with Microsoft, Dell, Excite@Home and other e-commerce portals to stage an all-out attack against eBay, Inc., the reigning online auction champion Starting Monday, the privately-held FairMarket will administer a network of more than 100 auction Web sites. This arrangement means that an antiq...

Amazon.com (Nasdaq: AMZN) ventured into the private-label product market today with the launch of Amazon.com's Bag Shop. The new feature offers a custom-designed collection of six bags, which range in price from $29.99 to $79.99 (US$) and are designed to be "a high-quality, highly functional, fashion-forward product." Amazon.com "seeks to be the wo...

beenz.com, which has developed a new e-commerce rewards system, announced an exclusive marketing alliance today with Excite U.K.. The joint venture between British Telecommunications and Excite@Home (Nasdaq: ATHM) will begin by offering bonus beenz to its first 100,000 registrants Shoppers at Excite's online stores can earn 'Beenz' as they purchase...

In a move that is expected to boost awareness of online charity options for e-shoppers, Marketing Services Group, Inc. (Nasdaq: MSGI) has agreed to buy up to 18 percent of not-for-profit shopping center GreaterGood.com. The deal is pending shareholder approval MSGI will buy 6 million shares of preferred stock and warrants for an undisclosed price.

According to a new study by the Information Technology Association of America, about one third of American adults would be less inclined to buy products on the Internet if those purchases were taxed. The unsurprising data was released in conjunction with the Advisory Commission on Electronic Commerce's two-day meeting on Internet taxation "Voters w...

eSoft, Inc. (Nasdaq: ESFT) announced this week that it will exclusively use the Red Hat, Inc. (Nasdaq: RHAT) version of the increasingly popular Linux operating system (OS) in the development of its products The provider of Linux-based Internet appliances and services is working on a new product "roadmap" that will give their products a consistent ...

According to a new report from Forrester Research, Inc., 90 percent of Web sites fail to comply with basic privacy principles The report vehemently contradicts the findings of the Federal Trade Commission, which recently told Congress that industry self-policing is working.

International accounting, tax and consulting firm KPMG LLP announced today that it has formed a new e-commerce tax services practice. The company believes that the rise of e-commerce is causing a demand for new tax models and other related services One of the world's largest consulting firms, KPMG said that its new service will offer end-to-end sol...

Last week, following a supposed off-the-cuff remark made by E*Trade's Chief Executive Christos Cotsakos, rumors flared that online brokerage E*Trade Group, Inc. might soon strike up some type of alliance with a brick-and-mortar financial firm The comment was reportedly made at the close of a meeting on Wednesday with some analysts. Although Cotsako...

Online entertainment site amuZnet.com spiced up its offerings this week with the addition of electronic commerce and digital audio downloads. Site owner MediaX Corp. says the moves are a response to an overwhelming demand for the latest interactive features A new section called "Merchandize" highlights amuZnet.com's transformation. For its first fo...

The first annual Offshore E-Commerce Conference gathers at New York City's Millennium Center today for a three-day event that will explore the benefits of establishing e-commerce ventures or payment solutions offshore Co-sponsored by First Atlantic Commerce Ltd., a Hamilton, Bermuda-based developer and provider of e-commerce payment solutions, the ...

AIRbots, Inc. has launched Freescrip.com, a computerized prescription service that will enable doctors to write prescriptions electronically, track their status and make changes. The company believes that their Internet-based service could save physicians over an hour a day According to AIRbots, physicians spend an average of 75 minutes per day on ...

FirstLook.com, a new music-sampling Web site, was launched today by MusicNow, Inc. The new site, based on GoTo.com Inc.'s e-commerce model, gives top billing to artists and companies who are willing to pay more per click-through Every time a visitor clicks on to hear a new audio sample of a particular artist, MusicNow gets a click fee from the arti...