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Feeling the pressure from the recent $1.8 billion (US$) merger of TeleBanc Financial Corp. and E*Trade Inc., D.R. Grimes, the chief executive of Net.B@nk Inc., told Reuters this week that he's also interested in forming new partnerships Grimes said the Alpharetta, Georgia online bank is looking for opportunities to expand its product line.
Apparently not batting an eye at the swirling winds of controversy that whistle around the Web music site MP3.com, Cox Interactive Media, Inc. announced Wednesday that it would invest $45 million (US$) in the company and form a joint-venture to create music-related Web sites The Atlanta, Georgia-based subsidiary of Cox Enterprises, Inc., a media co...
Leading online automobile dealer Autobytel.com (Nasdaq: ABTL) is increasing its reach in the $370 billion (US$) used car market with a new deal with top portal site Yahoo! (Nasdaq: YHOO). Autobytel will offer thousands of certified pre-owned vehicles for sale through Yahoo! Autos, a service that allows users to research, buy and sell new and used cars...
The U.S. Department of Commerce wants electronic commerce Web sites to do a better job explaining to consumers who the companies are and reassuring them their online transactions are safe At a Federal Trade Commission Workshop on Consumer Protection in the Global Marketplace Tuesday, Secretary of Commerce William M. Daley said all of the bullish pr...
A recent International Data Corp. report, focused on Service Level Agreement (SLA) issues, found dissatisfaction among 59% of the IT professionals who responded The report -- "Service Level Agreement Use Trends Among Global 200 Companies" -- pointed to the need for end-user based application monitoring systems for mission critical legacy, e-commerc...
What a giant 40-foot purple gorilla has to do with magazines remains to be seen, but the name of a new online magazine subscription service is at least memorable for those who grew up watching cartoons in the '70s GrapeApe.com, named for the aforementioned giant gorilla of Hanna Barbera's cartoon library, launched an online news stand this week wit...
When traditional manufacturers first considered venturing into e-commerce, they did so with much trepidation -- and smartly so. They didn't want to roil the retailers on which they so intimately depend. The retailers, carefully watching the rise of direct sales over the Web, kept the pressure on manufacturers to restrict their efforts to bypass traditional sales channels...
When Red Hat Software, Inc.announced last week it was going public to raise $96.6 million (US$) in a stock offering -- it caught the attention of Linux watchers all over the world In its short statement, the Durham, North Carolina company said it had filed with the Securities and Exchange Commission, but it left out details such as the number of sh...
Another company that defied Wall Street's downward trend on Tuesday was online superstore Value America (Nasdaq: VUSA). Shares of Value America climbed 23.5 percent, rising 4-7/16 to 23-5/16, one day after announcing six new board members On Monday, Value America, which has Paul Allen's Vulcan Ventures and Federal Express as major shareholders, ann...
As the U.S. Congress returned to work Monday, gun control legislation topped the House of Representatives' agenda. Several of the measures before the House could have an impact on a growing, though quiet, e-commerce sector: gun and ammo trafficking While the House this week takes up safety measures such as background checks and waiting periods for ...
Music stores have had them for years, and book-music-video-coffee-and-scones stores like Borders have also caught on. They are listening booths, a popular new way to hook audio buyers. So it makes sense that Amazon.com, whose Internet everything store competes with Borders and Borders.com, would follow suit online Amazon (Nasdaq: AMZN) opened its n...
Online investment bank Wit Capital (Nasdaq: WITC), which went public on Friday, suddenly has some major competition. On Monday, online investment bank E*OFFERING, which is backed by online broker E*Trade (Nasdaq: EGRP), launched its Web site Wit Capital has distinguished itself by offering individual investors access to shares of initial public off...
While the name of the Linux open-source operating system (OS) was being brought up in the Microsoft anti-trust trial -- "Linux is beating Windows" -- Red Hat, Inc. was busy announcing that it has filed a registration with the US Security and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock Seeking to raise $96.6 mi...
With a recent revisitation by Melissa, new strains of the CIH Virus, and the appearance of the Tristate macro virus-- along with the dissemination of new trojan horse hacker tools-- reliable security solutions with ant-virus components might be just as critical as Y2K compliance solutions. According to some experts, even if users feel quite secure with their current solutions, there may be a number of reasons to rethink their position...
In an effort to expand its network beyond the village's frontiers, iVillage (Nasdaq: IVIL), one of the most popular online networks for women, is pushing the e-commerce buttons of expectant mothers The company announced Monday that it signed an e-commerce agreement with Dan Howard Industries to launch a new Web site at iMaternity.com. The deal with...
Oracle's Chief Executive Larry Ellison said last week that the company would cut its expenses by $1 billion (US$) over the next 18 months -- by increasing the sale of its software over the Internet "We're going to increase development spending very substantially while taking $1 billion out of the company because we're becoming the ultimate e-busin...
With $30 million (US$) to back it up, Microsoft (Nasdaq: MSFT) is talking TV as its latest target for e-commerce. The Redmond, Washington software giant is investing that money in Wink Communications, Inc. to encourage cable, broadcast and satellite TV viewers to shop while they channel surf Wink, the only interactive TV data service available in t...
The latest boost for e-commerce is coming from the United States government. Online software superstore Beyond.com (Nasdaq: BYND) was a top performer on Wall Street on Friday, one day after the company announced a major deal with the Internal Revenue Service Late last week, Beyond.com announced that it, along with privately held Intellisys Technolo...
Magic Software Enterprises (Nasdaq: MGIC) has recently positioned itself as a player in the field of Linux-based e-commerce solutions, announcing the availability of its eMerchant product for the increasingly popular open-source operating system (OS) A business-to-business e-commerce solution, eMerchant offers transaction processing and an order en...
Newly-minted DriveOff.com, Inc., a subsidiary of Navidec, Inc.(Nasdaq: NVDC) announced Friday that it has signed an agreement with Westar Financial Services -- and a letter of intent with First Union Capital Markets Group -- that will provide up to $1 billion (US$) in funding annually for auto sales that originate on DriveOff.com and its affiliated sites...

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