Beth Cox

Auction outfit eBay Inc., which began playing the real estate game back in August of 2000, is rolling out an updated Offer Management System (OMS) for foreclosed (called REO, or real-estate owned) properties on eBay Real Estate. The auction giant also said that its REO properties division will adopt the eBay Real Estate brand and […]

Fort Worth, Texas-based travel company Sabre Holdings Corp. Tuesday made an unsolicited bid to acquire the shares of online travel operation Travelocity.com Inc. that it doesn’t already own for $23 a share. Travelocity had closed last Friday at $19.20, so shareholders got a big bump today – the stock was up $5.26 in mid-morning trading, […]

So PayPal brought it off, going public at $13 a share late Thursday and raising about $70 million from investors willing to believe that despite the lawsuits and lack of earnings, this IPO represents the end of the Internet recession. The Palo Alto, Calif.-based online payments firm sold 5.4 million shares at $13 each, within […]

The Web measuring outfits are reporting big jumps in the number of visitors to tax sites, and as if on cue, financial software company Intuit Inc. reported second-quarter (ending Jan. 31) revenues up 20 percent while raising its revenue forecast for fiscal 2002. On a GAAP basis, Mountain View, Calif.-based Intuit reported net income of […]

Troubled online real estate play Homestore.com Inc. said it will restate its financial results for all of 2000, as well as the first three quarters of 2001 as a result of its internal accounting probe. The company said it expects to conclude its internal accounting inquiry and file restated financial statements by mid-March 2002. The […]

Online loan play LendingTree Inc. is expanding its relationship with MSN, powering additional loan products on the CNBC on MSN Money Banking Center. The news comes only a few days after the Charlotte, N.C.-based lending exchange posted a narrower fourth-quarter net loss of $4.5 million, or 29 cents per diluted share, compared with a year-earlier […]

The much anticipated and (recently) much angst-ridden IPO for online payments firm PayPal Inc. is now expected to be priced on Valentine’s Day — Thursday — for trading on Feb. 15, but the question is, will it be a sweetheart of an offering? New disclosures in a filing with the Securities and Exchange Commission (SEC) […]

After taking a closer look at its plans to acquire the assets of bankrupt Beyond.com, e-commerce enabler Digital River Inc. said it has “elected not to acquire” Beyond’s Government Systems Group. The deal was announced Jan. 25 when Santa Clara, Calif.-based B2B play Beyond filed for bankruptcy, a victim of the Internet recession. Eden Prairie, […]

Online travel operation Travelocity.com signed a deal to work directly with Walt Disney Parks and Resorts to package vacations with theme park tickets and on-site hotel room inventory. The packages will be marketed under the Travelocity Vacations brand as a Walt Disney World Resort product and will launch later this quarter. Financial arrangements were not […]

It’s becoming almost a daily occurrence – an airport evacuated, someone trying to storm the cockpit, passengers overcoming an ominous suspect. So it’s no wonder the airlines are doing more deals like the one announced today by Northwest Airlines , which signed “a comprehensive distribution agreement” with online travel operation Travelocity . The deal “combines […]

If you’ve been eagerly awaiting PayPal’s IPO to see whether a dot com can still rocket onto the Nasdaq exchange, you’ll have to wait a while longer – the launch has been delayed, thanks to a last-minute patent infringement lawsuit filed against the secure online payments company. New York online risk-management company CertCo is claiming […]

In an unusual display of teamwork, Ford and General Motors will join DaimlerChrysler in using Covisint’s chosen technology provider, Powerway.com, for what the auto industry calls for Advanced Product Quality Planning (APQP). Covisint is the e-business exchange for the automotive industry. Over the next year, Indianapolis-based Powerway Inc.’s Powerway.com, an Internet-based B2B workplace solution, will […]